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National Model MBA Program

National Model MBA Program. “ Unite the talents of entrepreneurs, students, & faculty as stewards in the pursuit of excellence in entrepreneurial outreach, curriculum, & research.” Small, Personalized, New, National Stage Unique, sustainable, effective, comprehensive, transferable

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National Model MBA Program

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  1. National Model MBA Program • “Unite the talents of entrepreneurs, students, & faculty as stewards in the pursuit of excellence in entrepreneurial outreach, curriculum, & research.” • Small, Personalized, New, National Stage • Unique, sustainable, effective, comprehensive, transferable • Primary Resources: Students, BDI start-ups & launches

  2. Angell Center for Entrepreneurship: Major Program Growth (1998 – 2005)

  3. National Recognition 2001-03 • Winner of the Irwin McGraw-Hill award for ”Innovation in Entrepreneurial Pedagogy,” (AOM, 2001). • Designated as a “NASDAQ Center of Entrepreneurial Excellence” (NCEC, 2001). • Host for the annual conference, NCEC (2001) • Ranked #22 of the “Top 50 Business Schools for Entrepreneurs” by Success Magazine (2001). • Recognition of the “The Elevator Competition” by several national business publications (2001, 2002, 2003). • Runner-up for “Model MBA Entrepreneurship Program” (USASBE, 2001, 2002, finalist 2003). • Selected to “National Consortium for Life Science Entrepreneurship” (2003). • Inclusion of the Babcock School as one of only 33 graduate business schools in the world ranked in all MBA surveys by Business Week, the Financial Times of London, Forbes, U.S. News & World Report and The Wall Street Journal (2001-2003).

  4. Babcock Model of Entrepreneurial Education

  5. Angell Center for Entrepreneurship: Student Entrepreneurship Area of Interest - 2 - Year Timeline

  6. Angell Center Champions Other Faculty: Kim Westmoreland (ENT); John Owen (IT); Bern Beatty (ENT); Ram Baliga (STRAT) Stan Mandel Donna Fulp Paul Briggs Tom Ogburn Heather Leach ACE Director, Fac Assoc Director BDI Director FBC Dir, Fac FBC Assoc Dir Mike Lord Scott Shafer Ann Brimbaugh Jack Ferner Derrick Boone Strat & Tec Fac OPS & IT Fac Mkt Fac ENT Fac Mkt Fac

  7. ENT Student Leaders & Interns VivienYang VladGilevskiy SBTDC-RTP SBTDC-RTP Traditional Trad’ional Jack Klumpenhower Laurie Suson Randy Byrd BOD, BDI Chair, TEC Pres, Babcock ENT Thad Hunt Rick Cason Will Pittman Gretchen Wollert Sarah Lucy Ben Robinson David Skinner Mike Tsai United Way Cap. South Partners Academy Funds Ronald McDonald Hse. Peabody-Essex Museum SBTDC RTP WFU BMC WFU BMC Social Traditional Traditional Social Social Traditional Traditional Traditional RandyGilliland AshuJain BradGritter Mobile Data Tools Triad Semiconductor BDI BDI Intern BDI Intern BDI Intern Pankaj BinjolaKrishna Agarwal Daniel Yao Jack Klumpenhower Alexander Kanetski Future Focus 2020 BDI/ D-Tec-Dent Cygnetics e3 Academy D-Tec-Dent Social Traditional BDI Intern BDI Intern BDI Intern

  8. Babcock Demon Incubator

  9. VISION “Become the Premier Family Business Center in the United States”

  10. GOALS 1. Increase value to all stakeholders 2. Develop strong membership involvement 3. Grow membership dramatically 4. Build member/sponsor relationship and commitment 5. Create alliances in the community and with other family business centers 6. Focus on creating smart growth in family and closely held firms.

  11. STEPS • Appointed member committees - Membership - Programming - Social • Developed new educational forum format - Four full day forums with experts, key-note speakers and family cases - Members & sponsors bring potential members - Opportunity for members to have dinner with the presenters.

  12. STEPS • Modified affinity groups -utilized a professional facilitator • Sponsor Roundtables • Strategic Partnerships -Piedmont Associated Industries • Benefits from Member to Members - office products provider

  13. STEPS • Resource Center • - Volumes of helpful information • - Video library • - Audio content on-line • Resource Book • - Hardcopy and on-line version • - Member profiles and contact information

  14. STEPS • Wake Forest & Babcock School Programs - Babcock Leadership Series - Broyhill Executive Lecture Series • Michael Dell, CEO Dell Computer • Margaret Thatcher, former British Prime Minister - Management Consulting Practicum • Entrepreneur’s Roundtable - Discuss entrepreneurial ideas in a confidential setting with faculty, students, and area entrepreneurs.

  15. STEPS • Networking opportunities - Educational Forums & Roundtables - Affinity Groups - Interactive Web Page - Socials!

  16. “75” Membership 52 Strategic Change New Program 98-99 99-00 00-01 01-02 02-03 03-04 04-05

  17. . The ELEVATOR COMPETITION is your chance! The 4th Annual Babcock Elevator Competition Friday and Saturday, March 21-22, 2003 Go to: www.mba.wfu.edu/elevator

  18. Triad Entrepreneurial InitiativeGo to: www.triadlaunchpad.org

  19. KACE: Kauffman + ACE • Participants: Northwestern, Michigan, Arizona, Chicago, Nebraska, Notre Dame, SDSU, Indiana, Rice, Dominican, and WFU • Value to students: • …helps students bridge the theory-to-practice gap of entrepreneurial education. • …provides great individual learning opportunities…to develop teaching cases requires inductive reasoning to generalize observations to a theoretical perspective. • …understand how to learn from experiential opportunities… develop TC/TN. • …puts students in the role of master teacher as they develop techniques. • Faculty learn through assisting in developing the cases and notes. • …expand the domain… new areas such as social entrepreneurship. • …more intense learning through the close interaction among student/ entrepreneur/faculty. • …good venue to discuss the future role and needs of entrepreneurial cases. • …students and faculty learn how to identify excellence in cases and notes. • …forces students to see what data is necessary to make intelligent decisions … the world does not come with a set of exhibits…deal with missing data.

  20. 3-5 Year Growth Strategy • MBA Core Curriculum • Electives in NVC & FG = f(BDI) • BDI – location, funding, … • NC School of the Arts (filmmaking) • FBC: Additional Location • Demon Venture Fund

  21. Takeaways – Search for Fit! • Match among student talents, program design, and franchise value (a moving target). • Match faculty interest to program areas. • Find a match between community and program needs. • Match pace, integration, sustainability, and resources.

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