EMBA PROGRAMME

CLASS OF 2017
Specialisation Module
AUDITORIUM 201

REVISED : OCTOBER 01 TO OCTOBER 30, 2016

Auditorium 201
DG

2-Oct
Sun

15-Oct
Sat

16-Oct
Sun

29-Oct
Sat

30-Oct
Sun

BLCG
7

BLCG
8

BLCG
9

BLCG
10

BLCG
11

BLCG
12

VC
7

VC
8

VC
9

VC
10

VC
11

VC
12

CF
7

CF
8

CF
9 & 10

CF
11

CF
12 & 13

0830-0900

Class 1

0905-1035

DG

1055-1125

Class 2

1130-1300

DG

1400-1430

Class 3

1-Oct
Sat

1435-1605

Note:
1. For course titles and instructors, please turn over.
2. Discussion group sessions will be held in the allocated discussion rooms as mentioned in the
discussion group list.
* Follow the timings on inner pages for CF sessions 09, 10 & 12,13

EMBA CLASS OF 2017

Module IV- Specialisation

Code

Course Title

Instructor

BLCG

Business Law & Corporate Governance

Walid Iqbal

VC

Venture Creation

Asad Alam/Mansoor Nawaz

CF

Corporate Finance

Zaghum Umar

SULEMAN DAWOOD SCHOOL OF BUSINESS

EMBA PROGRAMME
CLASS OF 2017
AUDITORIUM A-201
REVISED
Assignments for the week of October 01 to October 30, 2016
***************************************************************************
SATURDAY, OCTOBER 01
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topic: Legality of Consideration and Object under the Law of Contract

Case: The Market
Assignment: Be prepared for class discussion.
Read:
1.
2.

Sections 24 to 30 of the Contract Act, 1872.

Avtar Singhs Law of Contract, Chapters 6 and 7 (thorough reading
not required; just skim).

Note: Please bring Contract Act, 1872 (Bare Act) to class.

1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
ASAD ALAM

Topic: Legal Issues

Case: Urban Decay
Read: Entrepreneurial Decision and Legal issues in early venture stages:
Advice that shouldnt be ignored
1300 - 1400

Lunch break

1400 - 1430

Discussion Group: Corporate Finance

1435 - 1605

CORPORATE FINANCE
ZAGHUM UMAR

Case: Globalizing the Cost of Capital and Capital Budgeting at AES

Assignment:
1.

How would you evaluate the capital budgeting method used

historically by AES? What's good and bad about it?

2.

If Venerus implements the suggested methodology, what would

be the range of discount rates that AES would use around the
world?

3.

Does this make sense as a way to do capital budgeting?

4.

What is the value of the Pakistan project using the cost of capital
derived from the new methodology? If this project was located in
the U.S., what would its value be?

5.

How does the adjusted cost of capital for the Pakistan project
reflect the probabilities of real events? What does the discount
rate adjustment imply about expectations for the project
because it is located in Pakistan and not the U.S.?

SUNDAY, OCTOBER 02
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topic: Contracts of Indemnity, Guarantee, Bailment and Pledge

Case: Onion Bank Limited
Assignment: Be prepared for class discussion.
Read:
1.
2.

Sections 124 to 172 of the Contract Act, 1872.

Avtar Singhs Law of Contract, Chapters 11, 12, 13, and 14
(thorough reading not required; just skim).

Note: Please bring Contract Act, 1872 (Bare Act) to class.

2

1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
ASAD ALAM

Topic: Entrepreneurial Finance

Case: Term sheet Negotiations for Trendsetter, Inc.
Read: New Venture Financing
1300 - 1400

Lunch break

1400 - 1430

Discussion Group: Corporate Finance

1435 - 1605

CORPORATE FINANCE
ZAGHUM UMAR

Topic: Capital Structure

Read: BE Chapter 9
Assignment: Read and be prepared to discuss the readings in class.
SATURDAY, OCTOBER 15
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topic: The Law of Contract (Agency)

Case: Indus Tube lights Limited
Read:
1.
2.

Sections 182 to 238 of the Contract Act, 1872.

Avtar Singhs Law of Contract, Chapters 15, 16, 17, and 18
(thorough reading not required; just skim).

Assignment: Be prepared for class discussion.

Note: Please bring Contract Act, 1872 (Bare Act) to class.
3

1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
MANSOOR NAWAZ

Topic: Entrepreneurial Finance

Case: Keeping Google Googley
Assignment:
1.

Do you think Google has been successful? Why?

2.

What is unusual about Google? What practices support the

business model?

3.

What are some entrepreneurial challenges that Google is facing

at the end of the case?

4.

Please devise an ACTION PLAN for Google to avoid bureaucracy

and maintain rapid decision making. Be specific.

5.

As per the reading, what Model of Corporate Entrepreneurship

does Google follow?

Read: Robert C. Wolcott and Michael Lippitz, The Four Models of

Corporate Entrepreneurship,
1300 - 1400

Lunch break

1400 - 1800
(Double Session)

CORPORATE FINANCE
ZAGHUM UMAR

Simulation: Capital Budgeting

SUNDAY, OCTOBER 16
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topics:
1.
2.

Sole Proprietorship
The Law of Partnership

Case: Haji Fruit Merchants & Sons

Read:
1.
2.

3.
4.
5.

Sections 4 to 36 of the Partnership Act, 1932.

Avtar Singhs Mercantile Law (excerpts in the reading package),
Chapters 15, 16 and 17 (thorough reading not required; just
skim).
The Joint Venture Concept Motives and Different Kinds of Joint
Ventures.
Sections 39 to 45 and Section 69 of the Partnership Act, 1932.
Avtar Singhs Mercantile Law (excerpts in the reading package),
Chapters 18, 19 and 20 (thorough reading not required; just
skim).

Assignment: Be prepared for class discussion.

Note: Please bring Partnership Act, 1932 (Bare Act) to class.
1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
MANSOOR NAWAZ

Topic: Entrepreneurial Finance

Case: Innovation and Renovation: The Nespresso Story
Assignment:
1.

What is Nespresso? A product or service? Or both?

2.

What were important turning points in the history of Nespressos

development and commercialization?

3.

How do you assess Lang as a manager and innovator?

4.

What are the challenges facing Pronk, the new head of

Nespresso?

5.

What is your specific ACTION PLAN for achieving Nespressos

corporate target of Sfr. 1 billion?

Read: Corporate Entrepreneurship: Six Keys to Release Ideas for

Profitable Growth
1300 - 1400

Lunch break

1400 - 1430

Discussion Group: Corporate Finance

1435 - 1605

CORPORATE FINANCE
ZAGHUM UMAR

Topic: Valuation
Case: The Wm. Wrigley Jr. Company: Capital Structure, Valuation, and
Cost of Capital
Assignment:
1.

In the abstract, what is Blanka Dobrynin hoping to accomplish

through her active-investor strategy?

2.

What will be the effects of issuing $3 billion of new debt and

using the proceeds either to pay a dividend or to repurchase
shares on:
a)
b)
c)
d)
e)
f)

3.

Wrigleys outstanding shares?

Wrigleys book value of equity?
The price per share of Wrigley stock?
Earnings per share?
Debt interest coverage ratios and financial flexibility?
Voting control by the Wrigley family?

What is Wrigleys current (prerecapitalization) weighted-average

cost of capital (WACC)?

4.

What would you expect to happen to Wrigleys WACC if it issued

$3 billion in debt and used the proceeds to pay a dividend or to
repurchase shares?

5.

Should Blanka Dobrynin try to convince Wrigleys directors to

undertake the recapitalization?

SATURDAY, OCTOBER 29
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topic: Introduction to Company Law

Case: Maple Power Limited
Assignment: Be prepared for class discussion.
Read:
1.
2.

Section 2 and Sections 14 to 47 of the Companies Ordinance, 1984.

Avtar Singhs Mercantile Law (excerpts in the reading package),
Chapters 38, 39, and 47 (thorough reading not required; just skim).

Note: Please bring Companies Ordinance, 1984, (Bare Act) to class.

1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
MANSOOR NAWAZ

Topic: Entrepreneurial Finance

Case: Emerging Business Opportunities at IBM (A)
Assignment:
a.

Why do large companies like IBM find it so difficult to create new

businesses? What are the primary barriers to success?

b.

Evaluate the horizons of growth model? What are the

distinguishing features of emerging, H3 businesses?
7

c.

How did the EBO management system evolve over time? What
was accomplished during:
i.

The Thompson era?

ii.

The Corporate Strategy era?

d.

What are the key elements of the current EBO management

system?

e.

How should Harreld:

i.

Deal with those businesses now reaching H2 status?

ii.

Increase the number of EBOs?

Read: The 12 Different Ways for Companies to Innovate

1300 - 1400

Lunch break

1400 - 1800
(Double Session)

CORPORATE FINANCE
ZAGHUM UMAR

Simulation Exercise: Blackstone/Celanese

Read: Technical Note On LBO Valuation and Modeling
SUNDAY, OCTOBER 30
0830 - 0900

Discussion Group: Business Law & Corporate Governance

0905 - 1035

BUSINESS LAW & CORPORATE GOVERNANCE

WALID IQBAL

Topic: Company Law (Private and Public Companies, Raising of Capital,

Preparation of Accounts, and Distribution of Dividends)
Case: Kitab On Line
Read:
1.

2.

Section 2, Section 44, Sections 52 to 86, Sections 89 to 91,

Sections 113 and 114, Sections 121 and 122, Section 230, and
Sections 248 to 251 of the Companies Ordinance, 1984.
Avtar Singhs Mercantile Law (excerpts in the reading package),
Chapters 40, 41 44 and 45 (thorough reading not required; just
skim).
8

Assignment: Be prepared for class discussion.

Note Please bring Companies Ordinance, 1984 (Bare Act) to class.
1035 - 1055

Tea break

1055 - 1125

Discussion Group: Venture Creation

1130 - 1300

VENTURE CREATION
MANSOOR NAWAZ

Topic: Entrepreneurial Finance

Case: Howard Schultz & Starbucks Coffee Company
Assignment:
1.

In the early 1980s, how did Howard Schultz view the possibilities
for the fledgling specialty coffee market? What were the most
important factors in shaping his perspective?

2.

In 1987, Schultz bought Starbucks from its original founders. At

the time, the Seattle-based coffee bean retailer had six stores and
a roasting plant. By the end of the 20th century, Starbucks had
3,300 locations in 17 countries and was the leading specialty
coffee purveyor in the world. What were the critical drivers of
Starbucks success?

3.

What is the source of Starbucks competitive advantage? Is it

sustainable? What should it do next to enhance its position in the
market? Propose a specific ACTION PLAN.

4.

How critical is Schultz and the Starbucks reputation, in the

organizations corporate venturing program?

Read: Narcissistic Leaders

1300 - 1400

Lunch break