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USASBE 2008 Model Undergraduate Program. Belmont University Nashville, Tennessee. Innovativeness and Uniqueness. Experiential Opportunities. Practicing Student Entrepreneur Program Campus-based Business Program. Practicing Entrepreneur Program. Hatcheries and Incubator
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USASBE 2008 Model Undergraduate Program Belmont University Nashville, Tennessee
Experiential Opportunities • Practicing Student Entrepreneur Program • Campus-based Business Program
Practicing Entrepreneur Program • Hatcheries and Incubator • Student Entrepreneur Roundtables • Accounting Clinic • Entrepreneurial Excellence Endowed Grant Fund • Belmont Student Business Plan Competition • Belmont Network Mentor Program
Campus-Based Business Program • Student created – Student run Businesses • Three retail businesses • Three service businesses • All are partnerships with other programs on campus
Service Campus-Based Businesses • Boulevard Design – Graphic Design Firm • Tower Creative Consultants – P.R. Firm • Campus radio station – being developed
Faculty • Full-time Faculty • Dr. Jeff Cornwall • Dr. Mark Schenkel • Mr. Jose Gonzalez • Current Adjunct Faculty • Mr. John Wark • Mr. Matthew Wilson
Student Outcomes(Comparing entering with exiting responses) • an increase in ability to secure needed resources to launch a business venture • an increase in knowledge to start and manage a business of their own • an increase in their intention to launch a business after graduation • an increased ability to reduce risk and uncertainty for a new venture • an increased confidence in their ability to establish and achieve goals for new ventures
Student Outcomes • 33.05% of our majors/minors have started a business while in the program • 87.18% of those businesses still operating • 30% of most recent graduating classes started businesses – 100% still in operation
Enrollment History of Declared Entrepreneurship Majors First Five Years of the Program (2004-2008) 2004 2005 2006 2007 2008 (est.)
Other Majors Across Campus Involved in Entrepreneurship Program (Including Minors, Students in Co-curricular Programs, and Affiliated Programs)
Student Effectiveness: Competitions • Delta Epsilon Chi • SIFE • Business Plan Competitions
Curricular Programs • Entrepreneurship Major • Entrepreneurship Minor
Entrepreneurship Major Requirements Entrepreneurial Venture Management Foundations in Entrepreneurship Entrepreneurial Financial Management • Entrepreneurship Electives (6 cr.) – • Service Learning in Entrepreneurship • Family Business • Launching an Entrepreneurial Venture • Internship Credits (3 cr.) • Other Business Elective Human Resource Management Business Tool and Core Courses (40 cr. BBA requirements)
Entrepreneurship Minor Requirements Entrepreneurial Venture Management Foundations in Entrepreneurship Entrepreneurial Financial Management Business Ethics Integrated Accounting (6 credit course) All Requirements of their non-business major
In-class Activities • Local live case studies • Experiential exercises • Class speakers
Entrepreneurship Club • CEO • Delta Epsilon Chi • Community Service
Funding • Endowments • Jack C. Massey Chair • Moench Entrepreneurship Lecture Series • Entrepreneurial Excellence Grant Fund • Grants • Coleman Foundation • Local Foundations • Gifts • Business Plan Competition • Entrepreneurship Club
Support from Administration • Faculty lines • Staff support • Budgetary funding • Part of College of Business Mission • Strong support from Senior Administration and Development
Entrepreneurship Across Belmont Initiatives: Building an Entrepreneurial Culture • Campus-based businesses • Non-business major hatchery • Convocation Lectures • Guest lectures in other programs • Community connections • Faculty developments programs
Campus-based Businesses • Self-sustaining funding • Succession planning
Coleman Funded Projects • 2007 USASBE Pre-conference • Sharing program innovations • 2008 USASBE Pre-conference • Web-based collaborative