Terms
H
habitual
behavior: repetitive behavior that involves minimal
thought and is often based on social custom
harvest: Ending the original venture. Harvesting
may take the form of selling, merging, liquidating, or passing
the venture on to family members.
harvest strategy: Plan developed by the
entrepreneur to guide the ending of the venture. Strategy
may include a valuation of the company, as well as other
actions that prepare the venture for the harvest.
harvesting: Exit process used by entrepreneurs
and investors to unlock the value of a business.
Hedge: An offsetting position used to limit
risk or loss.
high time discount rate: the economist's
phrase describing a strong preference for present benefits
over those in the future
high-growth venture EntreP Venture that
will likely sustain quite rapid growth over a period of
time.
high-potential venture (gazelle): Small
company that has great prospects for growth.
Historical cost: The amount of cash or
value of other resources used to acquire an asset; for some
assets, historical cost is subject to depreciation, amortization,
or depletion.
historical investigation: study of past
events
holding company: Company that serves no
other purpose except to own the stock of other companies.
horizontal analysis: Process of determining
the percentage increase or decrease in an account on a financial
statement from a base time period to successive time periods.
horizontal integration: expansion of a
firm achieved through growth or merger while it continues
to make the same or similar products
household (U.S. census definition): one
or more people occupying a single housing unit, such as
a house or apartment
human capital: Knowledge and skills acquired
by a worker through education and experience and used to
produce goods and services.
human capital: peoples' capacity for labor,
and their individual knowledge and skills
