Transcript National Model MBA Program  “Unite the talents of entrepreneurs, students, & faculty as stewards in the pursuit of excellence in entrepreneurial outreach, curriculum, & research.”  Small,

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
Angell Center for Entrepreneurship:
Major Program Growth
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)
98-99
99-00
(1998 – 2005)
FY
NC School
of the Arts
00-01
01-02
02-03
03-04
04-05
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
Resources 1
Common Courses
Primary & Secondary
Concentration
New Business
Venturing (NBV)
Internal Corp.
Venturing (ICV)
Venture Process
Services (VPS)
Social ENT
(SE)
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 2
Internships
Medical, IT, VC
backed, RTP,
SBTDC
Management
Consulting
Practicum (MCP)
VC, SBIC, VC
backed high
Tech startups
Resources 3
Assistantship
Incubator (BDI)
Companies
Ad hoc projects
BDI
Resources 4
Competitions
The Elevator
Competition,
KACE, BP
Internal BP
competitions
Resources 5
Faculty
Baliga, Ferner,
Beatty, Lord,
Mandel, Shafer,
Resources 6
External Formal
Stakeholders
WFUBMC, TEI,
W-S Alliance,
SBTDC, CED,
PEN
Resource 7 & 8
Arts Concentration
Venture Fund
Family Business
(FB)
Internship in
student’s FB
Foundations,
United Way,
other NFP
VCIC, KACE
Internal BP
competition,
KACE
KACE
Lord, Wager,
deBethizy,
Baliga, Moyer,
Mandel,…
Patel, Lamy,
Mandel
Ogburn, Beatty,
Ferner, Mandel
Mishra, Ogburn
RJR, Targacept,
Wachovia,
5 VC; 3 Law;
3 Financial; 3
CPA
WFU -FBC
UW, W-S
Foundation
In Development
Angell Center for Entrepreneurship:
Student Entrepreneurship Area of Interest - 2 - Year Timeline
Model 
Resources
Year 1 (mini semesters)
1
2
3
Summer
4
Babcock GSM
FastTrac Tech
Resources 1
Courses
Case
Resources 2
Internships
Year 2 (mini semesters)
1
2
3
4
NVC,
NewProd
Intro,
MktRes,
NVC,
Operat.
Strategy
BP, FB,
Value,
E’Mkt,
B2B,
BP, FG,
EntFin,
E’’Bsns,
B2B,
Mkt SP,
MC
Practicum
MC
Practicum
Y
Y
Y
Y
Case
TEC,
KACE,
VCIC
TEC,
KACE.
VCIC
TEC,
VCIC, BP
Y
Resources 3
Assistantship
Y
Resources 4
Competitions
VCIC,
TEC
VCIC,
TEC
VCIC
TEC
Y
Resources 5
Faculty
Y
Y
Y
Y
Y
Y
Y
Y
Y
Resources 6
Stakeholders
Y
Y
Y
Y
Y
Y
Y
Y
Y
Angell Center Champions
Stan Mandel
ACE Director, Fac
Mike Lord
Strat & Tec Fac
Donna Fulp
Assoc Director
Scott Shafer
OPS & IT Fac
Paul Briggs
Tom Ogburn
Heather Leach
BDI Director
FBC Dir, Fac
FBC Assoc Dir
Ann Brimbaugh
Mkt Fac
Jack Ferner
ENT Fac
Derrick Boone
Mkt Fac
Other Faculty: Kim Westmoreland (ENT); John Owen (IT); Bern Beatty (ENT); Ram Baliga (STRAT)
ENT Student Leaders & Interns
Jack Klumpenhower
BOD, BDI
Thad Hunt
United Way
Social
Pankaj Binjola
Future Focus 2020
Social
Laurie Suson
Chair, TEC
Rick Cason
Cap. South Partners
Traditional
Krishna Agarwal
BDI/ D-Tec-Dent
Traditional
VivienYang
VladGilevskiy
SBTDC-RTP
Traditional
SBTDC-RTP
Trad’ional
Randy Byrd
Pres, Babcock ENT
Will Pittman
Academy Funds
Traditional
Gretchen Wollert
Sarah Lucy
Ben Robinson
Ronald McDonald Hse. Peabody-Essex Museum SBTDC RTP
Social
Social
Traditional
Daniel Yao
Cygnetics
BDI Intern
Jack Klumpenhower
e3 Academy
BDI Intern
David Skinner
WFU BMC
Traditional
Mike Tsai
WFU BMC
Traditional
Alexander Kanetski RandyGilliland
AshuJain
D-Tec-Dent
Mobile Data Tools Triad Semiconductor
BDI Intern
BDI Intern
BDI Intern
BradGritter
BDI
BDI Intern
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 analogand 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
VISION
“Become the Premier
Family Business Center in
the United States”
GOALS
1. Increase value to all stakeholders
2. Develop strong membership involvement
3. Grow membership dramatically
4. Build member/sponsor relationship and
commitment
5. Create alliances in the community and
with other family business centers
6. 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
STEPS
•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
• 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!
“75”
Membership
52
Strategic Change
New Program
98-99
99-00
00-01
01-02
02-03
03-04
04-05
.
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!
Triad Entrepreneurial Initiative
Go to: www.triadlaunchpad.org
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 each
3 @ $2,000 each
05/23/03
07/17/03
See Below
FUEL:
Comprehensive Business Plan (Maximum
30 pages)
FUEL Award Structure:
1 @ $50,000 + mentoring + 12 months incubator space + training
1 @ $20,000 + mentoring + 12 months incubator space + training
1 @ $10,000 + mentoring + 6 months incubator space + training
1 @ mentoring + 6 months incubator space + training
1 @ mentoring + training
1 @ mentoring + training
KACE: Kauffman + ACE

Participants: Northwestern, Michigan, Arizona, Chicago, Nebraska,
Notre Dame, SDSU, Indiana, Rice, Dominican, and WFU

Value to students:







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
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…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
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MBA Core Curriculum
Electives in NVC & FG = f(BDI)
BDI – location, funding, …
NC School of the Arts (filmmaking)
FBC: Additional Location
Demon Venture Fund
Takeaways – Search for Fit!

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Match among student talents, program design,
and franchise value (a moving target).
Match faculty interest to program areas.
Find a match between community and program
needs.
Match pace, integration, sustainability, and
resources.