{"id":30755,"date":"2023-12-07T09:50:28","date_gmt":"2023-12-07T09:50:28","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chien-luoc-rut-lui-exit-strategy-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T07:23:10","modified_gmt":"2023-12-23T00:23:10","slug":"chien-luoc-rut-lui-exit-strategy-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chien-luoc-rut-lui-exit-strategy-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui (Exit Strategy) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<div class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div>\n<div class=\"PhotoCMS_Caption\">\n<p>H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Feedough.com<\/p>\n<\/div>\n<\/div>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b>Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 <b>exit strategy<\/b>.<\/p>\n<p><b>Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui\u00a0<\/b>l\u00e0 m\u1ed9t k\u1ebf ho\u1ea1ch d\u1ef1 ph\u00f2ng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0, ng\u01b0\u1eddi giao d\u1ecbch, qu\u0129 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m ho\u1eb7c ch\u1ee7 kinh doanh s\u1ebd th\u1ef1c hi\u1ec7n khi m\u00e0 nh\u1eefng ti\u00eau ch\u00ed \u0111\u1eb7t ra tr\u01b0\u1edbc \u0111\u00f3 \u0111\u00e3 b\u1ecb ch\u1ea1m \u0111\u1ebfn hay v\u01b0\u1ee3t qua. Nh\u01b0 l\u00e0 vi\u1ec7c thanh l\u00ed v\u1ecb th\u1ebf tr\u00ean m\u1ed9t t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh hay x\u1eed l\u00ed nh\u1eefng t\u00e0i s\u1ea3n kinh doanh h\u1eefu h\u00ecnh.<\/p>\n<p><b>Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui <\/b>c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n nh\u1eb1m tho\u00e1t ra kh\u1ecfi m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00f4ng sinh l\u1eddi hay \u0111\u00f3ng l\u1ea1i m\u1ed9t th\u01b0\u01a1ng v\u1ee5 kinh doanh kh\u00f4ng t\u1ed1t. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y th\u00ec m\u1ee5c \u0111\u00edch c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui l\u00e0 h\u1ea1n ch\u1ebf c\u00e1c kho\u1ea3n l\u1ed7.<\/p>\n<p>Ngo\u00e0i ra, <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/b> c\u0169ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi m\u1ed9t th\u01b0\u01a1ng v\u1ee5 kinh doanh hay \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn mong mu\u1ed1n. Nh\u01b0 vi\u1ec7c m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 thi\u00ean th\u1ea7n c\u1ee7a m\u1ed9t c\u00f4ng ty kh\u1edfi nghi\u1ec7p c\u00f3 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui trong \u0111\u1ee3t <i>ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang &#8211; IPO<\/i>.<\/p>\n<p>Nh\u1eefng nguy\u00ean nh\u00e2n kh\u00e1c \u0111\u1ec3 th\u1ef1c hi\u1ec7n <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui <\/b>c\u00f3 th\u1ec3 l\u00e0 do xu\u1ea5t hi\u1ec7n m\u1ed9t thay \u0111\u1ed5i l\u1edbn trong th\u1ecb tr\u01b0\u1eddng t\u1eeb nh\u1eefng s\u1ef1 vi\u1ec7c ngo\u00e0i \u00fd mu\u1ed1n; c\u00e1c l\u00ed do ph\u00e1p l\u00ed nh\u01b0 qui ho\u1ea1ch \u0111\u00f4 th\u1ecb, ki\u1ec7n t\u1ee5ng hay li h\u00f4n; ho\u1eb7c ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 ng\u01b0\u1eddi ch\u1ee7 s\u1edf h\u1eefu\/ch\u1ee7 \u0111\u1ea7u t\u01b0 kinh doanh mu\u1ed1n ngh\u1ec9 h\u01b0u v\u00e0 r\u00fat ti\u1ec1n ra.<\/p>\n<p>Kh\u00f4ng n\u00ean nh\u1ea7m l\u1eabn gi\u1eefa <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui trong kinh doanh<\/b> v\u1edbi <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui trong giao d\u1ecbch<\/b> t\u1ea1i th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/font><\/h3>\n<p>\u0110\u1ec3 m\u1ed9t <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui <\/b>hi\u1ec7u qu\u1ea3 th\u00ec ph\u1ea3i l\u00ean k\u1ebf ho\u1ea1ch tr\u01b0\u1edbc cho m\u1ecdi t\u00ecnh hu\u1ed1ng t\u00edch c\u1ef1c v\u00e0 ti\u00eau c\u1ef1c c\u00f3 th\u1ec3 x\u1ea3y ra d\u00f9 l\u00e0 \u0111\u1ed1i v\u1edbi lo\u1ea1i h\u00ecnh \u0111\u1ea7u t\u01b0, giao d\u1ecbch hay kinh doanh m\u1ea1o hi\u1ec3m n\u00e0o. Vi\u1ec7c l\u00ean k\u1ebf ho\u1ea1ch n\u00e0y s\u1ebd \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c x\u00e1c \u0111\u1ecbnh r\u00fai ro li\u00ean quan \u0111\u1ebfn lo\u1ea1i h\u00ecnh \u0111\u1ea7u t\u01b0, giao d\u1ecbch hay kinh doanh m\u1ea1o hi\u1ec3m \u0111\u00f3.<\/p>\n<p>M\u1ed9t<b> chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui trong kinh doanh<\/b> l\u00e0 vi\u1ec7c m\u1ed9t ng\u01b0\u1eddi ch\u1ee7 kinh doanh l\u00ean k\u1ebf ho\u1ea1ch b\u00e1n l\u1ea1i quy\u1ec1n s\u1edf h\u1eefu c\u00f4ng ty c\u1ee7a m\u00ecnh cho nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 hay c\u00f4ng ty kh\u00e1c. Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui n\u00e0y s\u1ebd gi\u00fap ch\u1ee7 kinh doanh c\u00f3 th\u1ec3 gi\u1ea3m b\u1edbt hay b\u00e1n l\u1ea1i c\u1ed5 ph\u1ea7n c\u1ee7a m\u00ecnh trong c\u00f4ng ty, v\u00e0 n\u1ebfu \u0111\u00f3 l\u00e0 m\u1ed9t c\u00f4ng ty th\u00e0nh c\u00f4ng th\u00ec h\u1ecd s\u1ebd ki\u1ebfm \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n l\u1ee3i nhu\u1eadn l\u1edbn.<\/p>\n<p>N\u1ebfu trong tr\u01b0\u1eddng h\u1ee3p c\u00f4ng ty kh\u00f4ng th\u00e0nh c\u00f4ng th\u00ec<b> chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui <\/b>c\u0169ng\u00a0gi\u00fap ch\u1ee7 kinh doanh gi\u1edbi h\u1ea1n kho\u1ea3n l\u1ed7 c\u1ee7a m\u00ecnh. Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0 l\u00e0 qu\u0129 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m s\u1eed d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui \u0111\u1ec3 chu\u1ea9n b\u1ecb cho vi\u1ec7c r\u00fat ti\u1ec1n kh\u1ecfi m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0.<\/p>\n<p>\u0110\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 ng\u01b0\u1eddi giao d\u1ecbch, <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/b> v\u00e0 k\u0129 thu\u1eadt <i>qu\u1ea3n l\u00ed ti\u1ec1n<\/i>\u00a0gi\u00fap t\u0103ng c\u01b0\u1eddng hi\u1ec7u qu\u1ea3 giao d\u1ecbch c\u1ee7a h\u1ecd b\u1eb1ng vi\u1ec7c lo\u1ea1i b\u1ecf c\u1ea3m x\u00fac v\u00e0 gi\u1ea3m thi\u1ec3u r\u1ee7i ro. Tr\u01b0\u1edbc khi tham gia v\u00e0o m\u1ed9t giao d\u1ecbch, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean thi\u1ebft l\u1eadp nh\u1eefng \u0111i\u1ec3m m\u00e0 h\u1ecd s\u1ebd b\u00e1n \u0111\u1ec3 c\u1eaft l\u1ed7 ho\u1eb7c ch\u1ed1t l\u1eddi.<\/p>\n<p><i>Qu\u1ea3n l\u00ed ti\u1ec1n<\/i> l\u00e0 m\u1ed9t trong nh\u1eefng nh\u00e2n t\u1ed1 quan tr\u1ecdng nh\u1ea5t c\u1ee7a vi\u1ec7c giao d\u1ecbch. Nhi\u1ec1u ng\u01b0\u1eddi giao d\u1ecbch v\u00ec v\u00e0o l\u1ec7nh m\u00e0 kh\u00f4ng c\u00f3 m\u1ed9t <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/b> n\u00ean th\u01b0\u1eddng d\u1eabn \u0111\u1ebfn vi\u1ec7c ch\u1ed1t l\u1eddi s\u1edbm, hay t\u1ec7 h\u01a1n n\u1eefa l\u00e0 n\u1eafm gi\u1eef nh\u1eefng kho\u1ea3n l\u1ed7 ng\u00e0y m\u1ed9t nhi\u1ec1u.<\/p>\n<p>Ng\u01b0\u1eddi giao d\u1ecbch h\u00e3y lu\u00f4n hi\u1ec3u r\u00f5 v\u1ec1 c\u00e1c \u0111i\u1ec3m r\u00fat lui v\u00e0 vi\u1ec7c thi\u1ebft l\u1eadp m\u1ed9t <b>chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui<\/b> s\u1ebd gi\u00fap t\u1ed1i thi\u1ec3u h\u00f3a kho\u1ea3n l\u1ed7 v\u00e0 gi\u1eef \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn.\u00a0<\/p>\n<p>(Theo<i> Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            Chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui (ti\u1ebfng Anh: Exit strategy) l\u00e0 m\u1ed9t k\u1ebf ho\u1ea1ch d\u1ef1 ph\u00f2ng m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0, ng\u01b0\u1eddi giao d\u1ecbch, qu\u0129 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m ho\u1eb7c ch\u1ee7 kinh doanh s\u1ebd th\u1ef1c hi\u1ec7n khi m\u00e0 nh\u1eefng ti\u00eau ch\u00ed \u0111\u1eb7t ra tr\u01b0\u1edbc \u0111\u00f3 \u0111\u00e3 b\u1ecb ch\u1ea1m \u0111\u1ebfn hay v\u01b0\u1ee3t qua.\n                        <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30755"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30755"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30755\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}