Entrepreneurship Program Teaching the Small Business/Entrepreneurship Course USASBE Annual Conference January 8, 2009

The Team Mary Abrahams David Allen Kendall Artz Les Palich Bill Petty Marlene Reed

Entrepreneurship Program Contact Info Phone:

Agenda 8:15 Introduction/Baylor Program Overview (Kendall) 8:30 – 9:15 Creativity and Opportunity Recognition (Marlene) 9:15 – 10:00 Finance I (Bill) 10:00 – 10:15 Break 10:15 – 11:15 Finance II (Bill) 11:15 – 12:00 Business Plan (David & Kendall) 12:00 – 1:00 LUNCH 1:00 – 2:00 Ethics in Small Business (Marlene) 2:00 – 2:30 Using Videos in the Classroom (Les) 2:30 – 3:00 Taking it to the next level (Kendall) 3:00 Innovative Teaching Ideas (Audience Contribution)

Electronic Access to Materials To access the electronic copies of the materials presented today, go to: Scroll down to the bottom right side of the page to the USASBE logo to get to the links for the documents.

Entrepreneurship Program Program Overview Established in 1977 Located in the Department of Management and Entrepreneurship: Hankamer School of Business Baylor – oldest University in Texas, located in Waco, Texas Largest Baptist University in the world 14,000 university students, 3200 in the School of Business

Entrepreneurship Program Program Organization Baylor Entrepreneurship Program Kendall Artz – Director Les Palich – Assoc. Director John Baugh Center for Entrepreneurship Director: David Allen Ent. Living & Learning Center Director: Mary Abrahams Center for International Technology Ent. Director: Greg Leman Franchising Center (In Process) Curriculum/ International Programs Les Palich Research Ph.D. faculty Programming/ Fundraising

Entrepreneurship Program By the numbers (students) 160 current entrepreneurship majors (juniors and seniors) entrepreneurship major alumni students/year take at least one entrepreneurship course $170,000 in annual scholarships for entrepreneurship majors 30 entrepreneurship courses offered –20 undergraduate –10 graduate

Entrepreneurship Program By the numbers (faculty/staff) 9 tenured or tenure-track entrepreneurship faculty 1 entrepreneurship clinical professor 2 staff program directors 2 entrepreneurship adjunct professors 9 endowed entrepreneurship chairs or professorships entrepreneurship faculty fellows (engineering and theatre arts) funded entrepreneur-in-residence program

Entrepreneurship Program Entrepreneurship Faculty/Staff Kendall Artz (Ph.D. – Purdue) Ray Bagby (Ph.D. – South Carolina Steve Bradley (Ph.D. – Indiana) Jamie Collins (Ph.D. – Texas A&M) Kevin Johnson (Ph.D. – Indiana) Les Palich (Ph.D. – Arizona State) Bill Petty (Ph.D. – Texas) Jim Roberts (Ph.D. – Nebraska) Bill Worthington (Ph.D. – Texas A&M) Unfilled faculty position Mary Abrahams – Director: Living and Learning Center Walter Bradley - Professor of Mechanical Engineering Cynthia Fry - Assoc. Dean in Computer Science Greg Leman - Director: Center for Technology Entrepreneurship Sherry Ward – Lecturer in Theatre Arts Marlene Reed - Adjunct Professor Elizabeth Vaughn – Administrative Assistant John F. Baugh Center for Entrepreneurship J. David Allen – Director Assistant Director – Currently vacant Malinda Green – Administrative. Assistant

Entrepreneurship Program Entrepreneurship study abroad programs European Entrepreneurship Experience –5 week summer experience covering 6 countries in Europe Technology Entrepreneurship in China –5 week summer program in Shanghai focusing on technology –Includes students from USST, Thunderbird, American University Entrepreneurship in the Dominican Republic –3 week summer program focusing on entrepreneurship and economic development Social Entrepreneurship in Africa –5 week summer program, includes 3 weeks in Rwanda, Kenya, or Ghana.

Entrepreneurship Program Student Programs and Organizations On-campus student business incubator Venture Associates Group Collegiate Entrepreneurs Organization Students in Free Enterprise Entrepreneurship Student Advisory Board Various alumni mentoring programs

Entrepreneurship Program Undergraduate Entrepreneurship Curriculum 15 hour undergraduate major with 5 available concentrations - International entrepreneurship - Social entrepreneurship - Technology entrepreneurship - Corporate entrepreneurship - Family Business

Entrepreneurship Program Entrepreneurship Curriculum MAJOR REQUIREMENTS All from Any one from ENT 3320 ENT 4320 Entrepreneurial Process Managing the Family Business ENT 4310 ENT 4330 Entrepreneurial Finance Corporate Entrepreneurship: Initiating and Sustaining Innovation ENT 4325 ENT 4353 Entrepreneurial Business Plan Social Entrepreneurship and Economic Development Any one from ENT 4398 ENT 4340 Special Studies for Technology Entrepreneurship Entrepreneurship ENT 4395 ENT 4360 Internship in Entrepreneurship Franchising: Franchisee and Franchisor Perspectives ENT 4350 ENT 4380 International Entrepreneurship Social Entrepreneurship: Microfinance and Economic Development in Africa ENT 4351 Entrepreneurship in the EU ENT 4352 Technology Entrepreneurship in China 15 sem. hrs.

Entrepreneurship Program Entrepreneurship Offerings for Non-business students Entrepreneurship Minor (18 hrs) for non business students Entrepreneurship Certificate program (9 hrs) for engineering students Freshman-level “Entrepreneurship and Creative Leadership” course Junior-level “Starting and Managing a Business” course

Entrepreneurship Program Other features Home of Entrepreneurship Theory and Practice - Ray Bagby (ed.) #1 ranked entrepreneurship textbook “Small Business Management: Launching and Growing Entrepreneurial Ventures” 15ed. (Longenecker, Petty, and Palich) 20 th year of awarding the Texas Family Business of the Year Award 250 new venture concept evaluations conducted annually (for practicing entrepreneurs nationwide)

Entrepreneurship Program Bill Petty 2007– Designated “Master Teacher” at Baylor University 2008 National Entrepreneurship Educator of the Year (Acton Foundation)

Entrepreneurship Program Taking it to the next level European Entrepreneurship Experience (E3) –5 week summer experience covering 6 countries in Europe – Les Palich Technology Entrepreneurship in China (I5) –5 week summer program in Shanghai focusing on technology –Includes students from USST, Thunderbird, American University – Greg Leman Entrepreneurship in the Dominican Republic –summer program focusing on entrepreneurship and economic development Les Palich, Marlene Reed and David Allen Social Entrepreneurship in Africa –5 week program, includes 3 weeks in Rwanda, Kenya, or Ghana – Kendall Artz

Entrepreneurship Program Taking it to the next level Angel Network –angels evaluate Baylor-related deals for investment –Students engage in due diligence –Baylor entrepreneurship participates in profits Entrepreneurship Living and Learning Center –Director- Mary Abrahams Franchising Specialization –Offering first course Spring 2009