national model mba program
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
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
Babcock VC Fund
NC School of the Arts
NC School of the Arts
BDI (3 clients)
BDI (7 Clients)
BDI (New Facility)
BDI (NVC, FGM Course)
TEI(FTT, BPC)
TEI(FTT, BPC)
TEI(FTT, BPC)
TEI(FTT, BPC)
KACE 1 (6 Teams )
KACE 2(9 Teams)
KACE 3(14 Teams)
KACE 3(14 Teams)
KACE 3(14 Teams)
TEC 1(11 Teams)
TEC 2(24 Teams)
TEC 3(27 Teams)
TEC 4 (30 Team Cap)
TEC 5 (30 Team Cap)
TEC 6 (30 Trad + Arts
ENT Concentrate
ENT Concentrate
Primary / Secondary
Primary / Secondary
Primary / Secondary
Primary / Secondary
ENT Courses(4 FT)
(6 FT, CLT, EMBA, Eve)
(8 FT, CLT, EMBA, Eve)
(8 FT, CLT, Eve)
(8 FT, CLT, Eve)
(8 FT, CLT, Eve)
(8 FT, CLT, Eve)
FBC (23 Members)
FBC (20 Members)
FBC (23 Members)
FBC (32 Members)
FBC (52 Members)
FBC (75est. Members)
FBC – Add Location
ENT Interns (10 T)
ENT Interns (12 T)
Interns (12 T+ 2 S)
Interns (12 T+ 5 S)
Interns (14 T+ 5 S)
Interns (14 T+ 5 S)
Interns (14 T+ 5 S)
FY 98-99 99-00 00-01 01-02 02-03 03-04 04-05
Angell Center for
Entrepreneurship: Major Program
Growth
(1998 – 2005)
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).
Babcock Model of Entrepreneurial Education
Area of Interest Resources
New Business Venturing
(NBV)
Internal Corp. Venturing
(ICV)
Venture Process Services
(VPS)
Family Business
(FB)
Social ENT(SE)
Resources 1Common CoursesPrimary & Secondary Concentration
New Venture Creation, Business Plan Practicum, Entrepreneurial Finance, Fast Growth Management, Management Consulting Practicum, Value Creation, E-Business, New Product Introduction, B-2-B Marketing, Marketing Research, Marketing Strategy &
Planning, Operations Strategy, NFP Marketing, and Family Business Dynamics,
Resources 2Internships
Medical, IT, VC backed, RTP,
SBTDC
Management Consulting Practicum
(MCP)
VC, SBIC, VC backed high
Tech startups
Internship in student’s FB
Foundations, United Way, other NFP
Resources 3Assistantship
Incubator (BDI) Companies
Ad hoc projects BDI
Resources 4Competitions
The Elevator Competition, KACE, BP
Internal BP competitions
VCIC, KACE Internal BP competition,
KACE
KACE
Resources 5Faculty
Baliga, Ferner, Beatty, Lord,
Mandel, Shafer,
Lord, Wager, deBethizy,
Baliga, Moyer, Mandel,…
Patel, Lamy, Mandel
Ogburn, Beatty, Ferner,
Mandel
Mishra, Ogburn
Resources 6External Formal Stakeholders
WFUBMC, TEI, W-S Alliance, SBTDC, CED,
PEN
RJR, Targacept, Wachovia,
5 VC; 3 Law; 3 Financial; 3
CPA
WFU -FBC UW, W-S Foundation
Resource 7 & 8Arts ConcentrationVenture Fund
In Development
Angell Center for Entrepreneurship:Student Entrepreneurship Area of Interest - 2 - Year
Timeline
Model
Resources
Year 1 (mini semesters) Summer
Year 2 (mini semesters)
1 2 3 4 1 2 3 4
Resources 1Courses
Babcock GSMFastTrac Tech
Case NVC, NewProd Intro, MktRes,
NVC, Operat. Strateg
y
BP, FB, Value, E’Mkt, B2B,
BP, FG, EntFin, E’’Bsns, B2B,
Mkt SP,
Resources 2Internships
Y MC Practicu
m
MC Practicu
m
Resources 3Assistantship
Y Y Y Y Y Y
Resources 4Competitions
VCIC, TEC
VCIC, TEC
VCICTEC
Case TEC, KACE, VCIC
TEC, KACE. VCIC
TEC, VCIC, BP
Resources 5Faculty
Y Y Y Y Y Y Y Y Y
Resources 6Stakeholders
Y Y Y Y Y Y Y Y Y
Stan Mandel Donna Fulp Paul Briggs Tom Ogburn Heather Leach ACE Director, Fac Assoc Director BDI Director FBC Dir, Fac FBC Assoc Dir
Angell Center Champions
Other Faculty: Kim Westmoreland (ENT); John Owen (IT); Bern Beatty (ENT); Ram Baliga (STRAT)
Mike Lord Scott Shafer Ann Brimbaugh Jack Ferner Derrick BooneStrat & Tec Fac OPS & IT Fac Mkt Fac ENT Fac Mkt Fac
ENT Student Leaders & Interns
VivienYang VladGilevskiy
SBTDC-RTP SBTDC-RTPTraditional Trad’ional
Jack Klumpenhower Laurie Suson Randy ByrdBOD, BDI Chair, TEC Pres, Babcock ENT
Thad Hunt Rick Cason Will Pittman Gretchen Wollert Sarah Lucy Ben Robinson David Skinner Mike TsaiUnited Way Cap. South Partners Academy Funds Ronald McDonald Hse. Peabody-Essex Museum SBTDC RTP WFU BMC WFU BMCSocial Traditional Traditional Social Social Traditional Traditional Traditional
Pankaj Binjola Krishna Agarwal Daniel Yao Jack Klumpenhower Alexander KanetskiFuture Focus 2020 BDI/ D-Tec-Dent Cygnetics e3 Academy D-Tec-DentSocial Traditional BDI Intern BDI Intern BDI Intern
RandyGilliland AshuJain BradGritterMobile Data ToolsTriad Semiconductor BDIBDI Intern BDI Intern BDI Intern
Home
Tenant Companies
Benefits
Facilities & Services
Staff & Advisors
Contact Information
News
Resources
BDI Tenant Companies:
•Cygnetics Corp provides services to digitally enhance in-store shopping experiences
•D-Tec-Dent improves the quality of life for the denture-wearing public by creating and storing an impression of a patient's denture. If the denture is lost, D-Tec-Dent can use this impression to make an exact copy of the lost denture within a few hours.
•e3 Academy is developing a nationally branded, online distance-learning curriculum for high school students.
•Mobile Data Tools is developing computer hardware and software to assist in clinical trials and reduce the time it takes for drugs to reach the market.
•Triad Semiconductor develops integrated circuits that combine analog- and digital-signal processing in a single chip for use in the biomedical industry.
•Thought Capital is developing a technologically advanced system and services for organizations to manage their intellectual capital.
•Algaen Corporation has developed a significantly more efficient and economical process for producing high-quality protein products.
Babcock Demon Incubator
GOALS
1. Increase value to all stakeholders2. Develop strong membership
involvement3. Grow membership dramatically4. Build member/sponsor relationship
and commitment5. Create alliances in the community and
with other family business centers6. Focus on creating smart growth in
family and closely held firms.
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.
STEPS
• Modified affinity groups -utilized a professional facilitator
• Sponsor Roundtables
• Strategic Partnerships -Piedmont Associated Industries
• Benefits from Member to Members - office products provider
•Resource Center - Volumes of helpful information - Video library - Audio content on-line
•Resource Book - Hardcopy and on-line version - Member profiles and contact information
STEPS
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.
STEPS
• Networking opportunities
- Educational Forums & Roundtables
- Affinity Groups- Interactive Web Page- Socials!
. 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
Bring your venture idea and business plan.
Present your idea to venture capitalists in a two minute elevator ride.
Receive feedback and funding for your venture.
You've got 2 minutes!
Competition Name Deadline for
Entry Awards Announced
Cash/Other Prizes
SPARK:Business Concept(Maximum 5 pages)
11/04/02 12/05/02 6 @$1,500 each
VERGE:Preliminary Business Plan (Maximum 20 pages)
03/19/03 4/17/03 3 @$10,000 each3 @ $2,000 each
FUEL:Comprehensive Business Plan (Maximum 30 pages) 05/23/03 07/17/03 See Below
FUEL Award Structure:1 @ $50,000 + mentoring + 12 months incubator space + training1 @ $20,000 + mentoring + 12 months incubator space + training1 @ $10,000 + mentoring + 6 months incubator space + training1 @ mentoring + 6 months incubator space + training1 @ mentoring + training1 @ mentoring + training
Triad Entrepreneurial InitiativeTriad Entrepreneurial InitiativeGo to: www.triadlaunchpad.orgGo to: www.triadlaunchpad.org
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.
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