Entrepreneurial Finance: Strategy, Valuation, and Deal Structure
Chapter 5. Developing Business Strategy using Simulation
Learning Objectives
After reading the chapter you should:
• Understand the advantages of using simulation to describe the risks underlying new ventures
• Understand the steps involved in developing a simulation model for a new venture
• Be able to make better strategic decisions by using and evaluating the statistical information produced by a simulation model
• Apply simulation techniques to evaluate common real options that face new ventures