Experiences of Successful Center Directors - Baylor University

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trustees; (3) develop and use your advisory board; and (4) align yourself with a strong department so you do not become isolated. ■ Bygrave warns that funds raised for entrepreneurship are easily diverted and faculty expenses that departments would not have to cover are expected to be paid for by a center or program because they are entrepreneurship related. 20
BAYLOR UNIVERSITY: 1997 Nancy Upton is Director of the John F. Baugh Center for Entrepreneurship at Baylor University and holds the Ben Williams Chair in Entrepreneurship. One of the oldest programs in the U.S., Baylor’s stresses a unique undergraduate curriculum, one of the largest family business programs in the nation and the greatest number of entrepreneurship chairs. ■ The oldest university in Texas and the largest Baptist school in the world, Baylor has 10,500 undergraduates and 2,200 graduates in 155 baccalaureate programs, 78 master’s programs and 16 doctoral programs. ■ The first course in entrepreneurship was taught in 1977, the same year the Center was founded. The BBA was established in 1979. ■ There are four full-time faculty dedicated solely to teaching entrepreneurship, two adjunct faculty, a family business executive-in-residence, an entrepreneur-in-residence and five full-time staff. ■ The total endowment of the program is approximately $10 million. ■ Outreach activities include entrepreneurial training, Institute for Family Business, Texas Family Business of the Year ”© and the Venture Capital Consortium. ■ Research activities are varied, with six research chairs and a number of research and teaching fellows. ■ About 10% of the undergraduate degrees conferred are in entrepreneurship. The undergraduate curriculum has an award-winning course (Venture Initiation) in which students form teams, raise money and start their own businesses. Growth and transition are key components of the graduate MBA concentration in entrepreneurship. ■ Key success factors include (1) having a strong champion within the system, (2) support from the top, (3) dedication of faculty and staff to develop and grow the program and (4) commitment from students and alumni. ■ If you want to start a program today: (1) recruit a champion who can negotiate the academic bureaucracy and connect with the entrepreneurial constituency; (2) encourage your center director to facilitate relationship building across disciplines; and (3) form and use a high-profile advisory board. 21
Page 1 and 2: Successful Experiences of Entrepren
Page 3 and 4: Faculty and Staff 36 Funding 36 End
Page 5 and 6: Research 69 Entrepreneurship Resear
Page 7 and 8: REASONS TO START A CENTER OR PROGRA
Page 9 and 10: RENSSELAER POLYTECHNIC INSTITUTE 11
Page 11 and 12: Funding 135 Operating Funds 135 Gra
Page 13 and 14: GROWTH AND MAINTENANCE ISSUES 155 F
Page 15 and 16: Year Started/Size 170 Faculty/Staff
Page 17 and 18: INTRODUCTION The number of colleges
Page 19: THUMBNAIL SKETCH OF PROGRAMS BABSON
Page 23 and 24: IC 2 INSTITUTE AT THE UNIVERSITY OF
Page 25 and 26: UNIVERSITY OF COLORADO AT BOULDER D
Page 27 and 28: UNIVERSITY OF MARYLAND AT COLLEGE P
Page 29 and 30: BEST PRACTICES IN ENTREPRENEURSHIP
Page 31 and 32: ■ Successful programs do not have
Page 33 and 34: Rice suggests a three-step approach
Page 35 and 36: BABSON COLLEGE THE DIRECTOR AND THE
Page 37 and 38: THE COMPONENTS OF YOUR PROGRAM Outr
Page 39 and 40: from the beginning, knew Karl Vespe
Page 41 and 42: enal success. Before the first year
Page 43 and 44: want reinforcement. So let us see i
Page 45 and 46: Another way of getting a center is
Page 47 and 48: Babson is obsessed with teaching qu
Page 49 and 50: Family Business Management This cou
Page 51 and 52: ENDOWED CHAIRS IN ENTREPRENEURIAL S
Page 53 and 54: Innovations in Financing. (with J.
Page 55 and 56: Major Unique, Creative and Innovati
Page 57 and 58: Contact with the students does not
Page 59 and 60: Unique Teaching Approach Both the u
Page 61 and 62: and the number of colleges and univ
Page 63 and 64: ship program early in the developme
Page 65 and 66: BAYLOR UNIVERSITY: 1997 THE DIRECTO
Page 67 and 68: Funding receptionist. Another progr
Page 69 and 70: usiness area. We found that their n
Page 71 and 72:
family business. And so that is par
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WHAT WERE THE KEY SUCCESS FACTORS I
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Money so. When John Boyd finishes h
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The web page is very important. In
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or, if you are a land grant univers
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Skills and Behavior of the Entrepre
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ENDOWED POSITIONS IN ENTREPRENEURSH
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Dr. William Petty, Caruth Professor
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holding full-time teaching position
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Funding Endowment We have $1.5 mill
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always full and it is a profit make
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difficult to get students started o
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All of this provides the basis for
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Other Focus Areas Technology and En
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Project in the Commercialization of
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STATISTICS ABOUT CENTER/PROGRAM Yea
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experiential learning as this is an
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things like that. Given that IC 2 i
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that curriculum with something like
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Sample Executive Development Progra
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Cooperative Activities with Brazil
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RENSSELAER POLYTECHNIC INSTITUTE TH
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If there was a single point in time
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THE COMPONENTS OF YOUR PROGRAM Outr
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So the core group under the super u
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Curriculum can take your research i
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that the people with a lot of money
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to take more responsibility for the
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ter, which would throw off $150,000
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what we think the reality is? Are w
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Additional Courses Required for MBA
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learn, in response to and utilizing
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STATISTICS ABOUT CENTER OR PROGRAM
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Research Roundtable Breakfast Progr
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There is no push to integrate acros
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Mary Beth Lewis, Wild Oats Markets,
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with the faculty. Then I went out a
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y many that I would be frustrated,
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COURSE OFFERINGS AT THE CU CENTER F
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STATISTICS ABOUT THE CENTER/PROGRAM
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women-owned businesses with resourc
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We’ve gone through a major revisi
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Raising Research Money Research dep
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New Venture Financing This course i
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UNIVERSITY OF MARYLAND, COLLEGE PAR
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generates about $150,000 a year in
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Curriculum tions—sort of mini-ven
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Independence from Bureaucracy Anoth
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Academic Research Outreach We will
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gies, financing for rapid growth an
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THE COMPONENTS OF YOUR PROGRAM Curr
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REASONS TO START ONE TODAY The reas
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ANY OTHER SUGGESTIONS FOR THOSE STA
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EXHIBITS THE W.W. CARUTH CHAIR IN E
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SCHEMATIC DRAWINGS FOR RELATIONSHIP
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Entrepreneurship Research Thrusts L
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Venture Assistance Program Pre-Vent
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SCHEMATIC DRAWING OF RENTEC Technol
Page 187:
ORGANIZATIONAL CHART OF THE UNIVERS
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