Experiences of Successful Center Directors - Baylor University

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CENTER FOR ENTREPRENEURIAL STUDIES ADVISORY BOARD CHAIR Paul Firement Chairman and CEO Reebok International, Inc. MEMBERS Steven B. Belkin Chairman of the Board Trans National Group Arthur Blank President and COO The Home Depot, Inc. Jose M. Bonetti CEO Sociedad Industrial Dominicana William D. Bygrave Professor, CES Director Babson College John Cullinane President The Cullinane Group Sam Farber President OXO International William Glavin President Babson College Donald Graham Chairman The Graham Companies Frederic Hamilton Chairman Broken Hill Proprietary Petroleum Yotaro Kobayashi Chairman and CEO Fuji Xerox Co. Ltd. Peter H. Lunder President Dexter Shoe Company Robert E. Madden Retired S.B.H. Group Patrick McGovern Chairman of the Board IDG John C. Merritt Chairman of the Board Van Kampen Merritt Co. John H. Muller, Jr. tee Chairman of the Executive General Houseware Corp. Commit- Junichi Murata President Murata Machinery Ltd. Fran S. Rodgers President Work/Family Directions Sachio Semmoto President DDI Tokyo Pocket Telephone Michie Slaughter President Center for Entrepreneurial Leadership, Kauffman Foundation Jeffry A. Timmons Professor Babson College 50
ENDOWED CHAIRS IN ENTREPRENEURIAL STUDIES The Paul T. Babson Professor in Entrepreneurial Studies was the first chair dedicated to entrepreneurship in the United States. Established in 1980 by the Paul T. and Edith Y. Babson Foundation, the chair brings prominent entrepreneurial academicians and practitioners to campus for a “working sabbatical” and underwrites research projects pursued by the chairholder while in residence as a visiting professor. Karl Vesper Previous Chairholders University of Washington 1980-1981 John A. Hornaday Babson College 1981-1982 Jeffry A. Timmons Northeastern University 1982-1984 Albert Shapero Ohio State University 1984-1985 Rein Peterson York University (Canada) 1985-1986 Neil C. Churchill Southern Methodist University 1986-1987 William E. Wetzel, Jr. University of New Hampshire 1987-1988 Neil C. Churchill Babson College 1988-1993 Alan J. Grant Babson College 1993-1994 Paul D. Reynolds Marquette University 1995-1996 The Frederic C. Hamilton Chair for Free Enterprise Studies was established in 1988 to support professors whose academic credentials are matched by their ability to prepare students for successful entrepreneurial careers. The chair was funded by Mr. Hamilton ’48, an entrepreneur and co-founder of Hamilton Brothers Petroleum Corporation, who was inducted into Babson’s Academy of Distinguished Entrepreneurs in 1983. The current Hamilton chairholder is Professor of Entrepreneurship, William Bygrave. Jeffry Timmons, Professor of Entrepreneurship, was the first professor to hold the Hamilton chair. The John H. Muller Chair was established in 1995 by the trustees of Babson College to honor entrepreneur John H. Muller for his creativity as founder and CEO of General Houseware Corp. and for his extraordinary service to the college as chairman of the Babson College Board of Trustees. The Jeffry A. Timmons Chair was also established in 1995. It was endowed to honor faculty member Jeffry A. Timmons. Director of the Price-Babson Fellowship Program, Dr. Timmons was a pioneer in the field of entrepreneurship education and has remained a leader in his field for over 20 years. The F.W. Olin Distinguished Chair in Entrepreneurship was established in 1995. It was attached to the $30 million endowment from the F.W. Olin Foundation. The first F.W. Olin chairholder is Jeffry A. Timmons. 51
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 and 20: THUMBNAIL SKETCH OF PROGRAMS BABSON
Page 21 and 22: BAYLOR UNIVERSITY: 1997 Nancy Upton
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: Family Business Management This cou
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
Page 73 and 74: WHAT WERE THE KEY SUCCESS FACTORS I
Page 75 and 76: Money so. When John Boyd finishes h
Page 77 and 78: The web page is very important. In
Page 79 and 80: or, if you are a land grant univers
Page 81 and 82: Skills and Behavior of the Entrepre
Page 83 and 84: ENDOWED POSITIONS IN ENTREPRENEURSH
Page 85 and 86: Dr. William Petty, Caruth Professor
Page 87 and 88: holding full-time teaching position
Page 89 and 90: Funding Endowment We have $1.5 mill
Page 91 and 92: always full and it is a profit make
Page 93 and 94: difficult to get students started o
Page 95 and 96: All of this provides the basis for
Page 97 and 98: Other Focus Areas Technology and En
Page 99 and 100: Project in the Commercialization of
Page 101 and 102:
STATISTICS ABOUT CENTER/PROGRAM Yea
Page 103 and 104:
experiential learning as this is an
Page 105 and 106:
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
Page 113 and 114:
RENSSELAER POLYTECHNIC INSTITUTE TH
Page 115 and 116:
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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