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Running Head: BUS 6140: Capstone - Entrepreneurial Focus

Module 5 Worksheet: Connecting Academic Theories to Business Experience

BUS 6040: Module 5 Connecting Academic Theories to Business Experience

Master of Business Administration, The Nexford University

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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
Complete this worksheet using the directions within to guide you. Submit your completed
worksheet in the “Assignment and Grades” tab in your course menu. When you have submitted
this assignment for grading, please return to your module for a wrap-up.

Company Overview
Directions: You will determine the legal and organizational structure, leadership style, and key personnel neede
new business. As you complete this worksheet, you will be providing both an organizational chart and a descrip
leadership style to be employed. You will also list any key personnel (their positions) that would be needed to g
started. Cite your work where applicable. If you are unable to provide the designated information in the worksh
that information cannot be provided and indicate what or where you can obtain the information.

Company Name Ileralayo Health Technologies Limited

What is the legal name of your company? Doing business as Ileralayo.

Be sure to list the full name as it will be shown on

the registration with your local government, along
with d.b.a. (doing business as).

Proposed Legal Form of Business
Identify the proposed legal form of your company
and explain why you have chosen this form.
Options for identifying the legal business form:
● Sole Proprietorship
● General or Limited Partnership
● Corporation
● Subchapter or S-Corporation
● Limited Liability Company
The firm shall operate as a Limited Liability Company. Sch
2012).
The reason(s) this form was chosen are:
a. The simplicity and adaptability of the business stru
onset.
b. The management flexibility and greater choices on
and make decisions that LLCs provide.
c. The tax benefits, minimal recordkeeping and reduc
requirements.

Current Business Location The business headquarters will be located at Plot 6 Block 1
Where is your business currently located? Estate, Lagos with marketing offices located in Abuja and
Nigeria.
Be sure to include the primary business address,
as well as satellite locations (corporate
headquarters, business office, etc.)

Proposed Management Team for New Venture ● The proposed management team will comprise of 4
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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
(Note: If setting up a new business, treat the
“Current Officers” section below as new officers
for the new business)
*Fortune 1000 company backgrounds mentioned
here add credibility to your management team.
*Good company backgrounds pertinent to your
management team's functions are good
references. This demonstrates a solid
management background and assures a
probability of future success.
Officers
Identify the name, age, and stock holdings of the
designated individuals.
Key Employees
Indicate the designated information about your
key employees.
Board of Directors
List the names of each member of the current
Board of Directors. Be sure to include note-worthy
details from each of their backgrounds.
men: 8 management team members.
● Cumulative marketing experience of over 40 years
organizations like PharmAccess Foundation, Nethe
HMO, Nigeria, and others.
● Joint corporate development experience of over 35
like Shell, Netherlands, Hygeia Community Health P
Konga Online Shopping Limited, Nigeria, HIMO Univ
and others.
● 22 years of experience in engineering and design in
Strategis Health, Hygeia Group, Nigeria, and Progno
Technologies, Nigeria.
● The CFO has 13 years of professional experience a
accountant across various organizations like the H
Nigeria and Creditswitch, Nigeria.
● President – Oludare Dipe, 45, 40%
● Vice President of Marketing- Marissa Popma, 45, 1
● Vice President of Sales- Adedotun Adebajo, 47, 10%
● Vice President of Finance- Onayemi Agbabiaka, 40,
● Vice President of R&D- Callisto Zulu, 42, 10%
● Vice President of Operations- Adetoro Tayo-Adetor
● Quality Controller- Ifeoluwa Ajala, 35, 10%
● Corporate Attorney – Ighofose Philip, 43, 0%
 Number of corporate staff members = ___32__
 Number of founders = ___1__
 Positions of founders = ___Chief Executive Officer_
 Percent of original stock issue provided to each fou
Proposed Company Board (the founder has worked with th
members in the past and has access to engaging them).
 Lars Stork (Board Chair)
Lars Stork is a Danish executive who has lived and worked in
around the world with a proven track record of starting up lau
and transforming businesses. He holds significant managem
from FMCG (Unilever) and Telecoms businesses (Celtel). His
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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
telecoms experience was with an Indian start up,
building an organization for implementation of LTE 4G servic
a global award, for the best innovative approach in terms of p
areas in Africa. He was also named in the GTB top 100 list of
influential people in the telecoms industry.

 Anton Pruijssers
Bringing in 25 years of experience in the commercial Healt
reputable organizations like Roche Diagnostics, Roche Pha
PharmAccess International, Hitachi PHVC, InTec Products
organizations as a consultant and interim manager.
From ProDiag B.V.’s holding company (Anton Pruijssers M
Group B.V.), Anton is executing consultancy and interim m
assignments globally which means he is in front row to sc
innovations to add to ProDiag’s product portfolio.
Anton holds a Masters degree in the Sciences of Human M
the Free University in Amsterdam and an MBA from the Ro
of Management in Rotterdam.

 Fola Laoye
Fola Laoye is Founder and CEO of Health Markets Africa, a
investment company. She was previously Director for Wes
Investments at the Investment Fund for Health in Africa (IF
a board member and was previously CEO and then Chairpe
Group Nigeria, promoters of Hygeia HMO and Lagoon Hos
Chairperson of Old Mutual Life Insurance Company Nigeria
member of the following boards – Old Mutual West Africa;
EchoLab Diagnostics, Lifebank Technologies, Results for D
Institute (R4D), Washington DC USA; and Harvard Business
Healthcare Initiative. She is a trustee of the Harvard Busine
Association of Nigeria (HBSAN) and a member of the Youn
Organization (YPO) Lagos Chapter.

 Peju Adenusi
Public health Specialist with over 15 years’ successful exp
providing strategic and operations leadership in public hea
well as uniquely challenging situations. Dynamic, result ori
articulate leader with strong track record of performance in
public and private sector organizations with excellent busi
relationships and network connections within these sector
expertise include Reproductive Health with special bias in
Planning/Maternal and Child Health; Health Care Financing
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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
Staffing
Examples of additional staff may include:
● management [number]
● marketing [number]
● sales [number]
● engineering [number]
● customer relations [number]
● administration [number]
● manufacturing [number]
● assembly [number]
● repair [number]
● field service technicians [number]
● maintenance [number]
Leadership Style
Describe the leadership style held by the leader of
your new business venture. Include a rationale for
how that style best serves the business.
Organizational Structure
Directions
 Number of staff members (total) = ___1__
 Number of additional staff members required to m
of the projected market over the next five years =
i. Management [7]
ii. Marketing [1]
iii. Sales [6]
iv. Technology/ R&D [3]
v. Customer relations [6]
vi. Administration [4]
vii. Quality Management [2]
viii. finance [2]
The Chief Executive Officer will adopt a “Distributed Leade
to managing the business. This approach promotes respon
delegation and consultation. (Harris, 2009).
This leadership style will be the most appropriate for the n
because:
a. The management team is made up of very experien
professionals who need to be allowed to contribute
the growth of the firm.
b. The style allows for the free flow of ideas and initia
essential for success in startups.
c. Distributed leadership encourages the practice of r
persuasion which in turn allows all ideas to be deba
thoroughly analyzed before execution.
d. Finally, this leadership style fosters the developmen
within the organization. (Barry, 1991).
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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience

President/
CEO

VP VP VP Te
VP Finance VP Sales VP Quality
Marketing Operations R&

Customer Sales Facilities Provider

Social Media
Receivables Payables Relations Territory and Admin HR Manager Services Develo
Marketer
Officers Managers Officers Officers
Note:
Roles in red are future roles to be hired.
Roles in black background are outsourced consultancies.

Resumes
Directions: Provide the resumes of officers, key employees, and members from the board of directors (if you h
their resumes.)

Board Resumes:
 Lars Stork – Proposed Chair https://www.linkedin.com/in/futureafrica
 Fola Laoye https://www.linkedin.com/in/fola-laoye-
077a9835/
 Anton Pruijssers https://www.linkedin.com/in/anton-
pruijssers-08b3aa5/
 Peju Adenusi https://www.linkedin.com/in/peju-adenusi-
a345902b/
 Oludare Dipe – Founder/ president/ CEO https://www.linkedin.com/in/oludaredipe/


Management Team Resumes

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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
● President – Oludare Dipe
https://www.linkedin.com/in/oludaredipe/
● Vice President of Marketing- Marissa Popma
https://www.linkedin.com/in/marissa-popma-8618a65/
● Vice President of Sales- Adedotun Adebajo
https://www.linkedin.com/in/adedotun-adebajo-b1a4306b/
● Vice President of Finance- Onayemi Agbabiaka
https://www.linkedin.com/in/onayemi-agbabiaka-5835a548/
● Vice President of R&D- Calisto Zulu
https://www.linkedin.com/in/calisto-zulu-0457a22b/
● Vice President of Operations- Adetoro Tayo-Adetoro
https://www.linkedin.com/in/tayo-adetoro-adetoro-7196ab32/
● Quality Controller- Ifeoluwa Ajala
https://www.linkedin.com/in/ifeoluwa-ajala-43973576/
● Corporate Attorney – Ighofose Philip
https://www.linkedin.com/in/ighofosephilip/
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BUS 6140: Capstone - Entrepreneurial Focus
Module 5 Worksheet: Connecting Academic Theories to Business Experience
Reference:

Barry, D. (1991). Managing the bossless team: Lessons in distributed leadership. Organizational

dynamics, 20(1), 31-47.

Brown, M. H., & Hosking, D. M. (1986). Distributed leadership and skilled performance as

successful organization in social movements. Human Relations, 39(1), 65-79.

Currie, G., Lockett, A., & Suhomlinova, O. (2009). The institutionalization of distributed

leadership: A ‘Catch-22’in English public services. Human Relations, 62(11), 1735-

1761.

Harris, A. (2009). Distributed leadership: What we know. In Distributed leadership (pp. 11-21).

Springer, Dordrecht.

Schulz, M., & Wasmeier, O. (2012). Limited Liability Company (GmbH). In the Law of Business

Organizations (pp. 79-114). Springer, Berlin, Heidelberg.