major in entrepreneurship at grove city · pdf filemajor in entrepreneurship at grove city...

Major in Entrepreneurship at Grove City College

L e a r n h ow t o c r e a t e a b u s i n e s s

a n d e n j o y t h e f r e e d o m i n l i f e

t h a t c o m e s f r o m being the boss

Create Your Job … Create Your Future

For further information contact:

Dr. James V. Dupree Executive Director and Chair, Entrepreneurship Department

724-458-3354 [email protected]

Dr. David M. Miller-Martini Director, Entrepreneurship Program

724-450-1544 [email protected]

Grove City College Entrepreneurship Program 100 Campus Drive, Box 3004

Grove City PA 16127 724-458-2003

[email protected] www.gcc.edu/entrepreneurship

Entrepreneurship Program

Table of Contents

Mission and Vision ................................................................................... 2

Program Overview.................................................................................... 3

Uniqueness................................................................................................ 4

Status Sheet............................................................................................... 5

Suggested Four-Year Course Plan ............................................................ 6

Core and Elective Courses.....................................................................7-9

Program Scholarships ............................................................................. 10

Fall Program Calendar............................................................................ 11

Spring Program Calendar ....................................................................... 12

Students Launch New Business.............................................................. 13

Experiential Learning ............................................................................. 14

Entrepreneurship Advisory Council ...................................................... 15

Program National Recognition ............................................................... 16

Annual Business Plan Competition ...................................................17-21

Entrepreneurship Program

Mission

The Grove City College Entrepreneurship Program prepares undergraduate men and women of Christian character from across the college community to be global leaders of influence and social transformation through entrepreneurial education in both business and service.

Vision

To be the #1 faith-based undergraduate educator in entrepreneurial education among private colleges in the United States.

724-458-2003

[email protected]

www.gcc.edu/entrepreneurship

Grove City College is becoming a leading faith-based undergraduate educator in entrepreneurial education among private colleges in the United States today. We prepare students of Christian character to be entrepreneurs, to be leaders of influence and social transformation both in business and in service. Our experienced, doctoral-qualified faculty will equip you with the knowledge and skills necessary to successfully create and run a business. You will also gain the critical tools needed to continue innovating and growing your business or an existing business. We do recognize that successful entrepreneurs enjoy profit, wealth creation, and job opportunities. However, coupled with this success is responsibility...you will learn the importance of responsible business ethics and values and how to infuse these fundamental principles with your employees and your customers. The Entrepreneurship Program at Grove City College will develop you for leadership by balancing classroom academics with real-world experience. Your studies will cover the major disciplines of management, marketing, finance, accounting, and then focus on specialized topics of entrepreneurship and small business management.

Ask yourself, what do the Gap, Dell, and Starbucks all have in common? They are high-growth, successful entrepreneurial companies that started only a few years ago and are now household names. Learn how success can be attained by preparing yourself for an exciting future as an entrepreneur in today's business world. Consider if the Entrepreneurship Program is right for you. Do you aspire to be the team leader, the boss, manager, or director? Do you want a solid foundation from which to build future business opportunities from a Christian perspective? Majoring in Entrepreneurship at Grove City College will prepare you for this future. When you graduate, you will have gained: • a thorough understanding of how to start your own business. • a network system of entrepreneur and small business contacts. • the opportunity to complete an internship in an entrepreneurial environment. • a mentor in your industry of interest. • the chance to win cash prizes in a business plan competition. • a finalized and professionally reviewed business plan. • the knowledge, skills, and ethics necessary to be a successful entrepreneur or intrapreneur in an existing

company.

On behalf of Grove City College, we invite you to create your own future by majoring in Entrepreneurship.

Dr. James Dupree, Executive Director and Chair, Entrepreneurship Department Dr. David Miller-Martini, Director, Entrepreneurship Program

P R O G R A M O V E R V I E W

Entrepreneurship

Uniqueness of the Entrepreneurship Program

As a small, private, faith-based college, Grove City College provides a quality education and an emphasis on developing students’ characters. Our low annual cost for tuition, room & board, and a notebook computer that is yours to keep when you graduate is less than $16,800, These are combinations offered by Grove City College that are not duplicated by any school in the United States. Combined with the integration of non-sectarian Judeo-Christian faith in life and practice, we are unique in the country:

• Ethical, Christian value-based entrepreneurship is emphasized and woven into the majority of the core business courses.

• Entrepreneurship students are required to take a one-semester business ethics course taught by a business professor using real and current cases with special attention on the issue of integrating one’s faith into a secular environment.

• Students will develop important networking and interpersonal skills through mentoring relationships with accomplished and aspiring entrepreneurs across various industries and disciplines who share in a common vision of starting, managing, growing, and sustaining profitable businesses/organizations guided by Christian principles. An internship within an entrepreneurial or small business setting is required.

• This unique major within a small college setting fosters an identity with the school and academic program that is second to none, and we build on this by placing students into cohorts by the admission year.

• Students have the opportunity to attend local and national entrepreneurship conferences without additional expense.

• All Entrepreneurship majors have multiple opportunities to engage local and regional entrepreneurs in one-on-one and small group interaction both in and outside the classroom. These opportunities are only open to Entrepreneurship majors.

• Our adjunct entrepreneurship faculty are experienced practitioners who are currently engaged in their professions and are selected because they excel in the classroom and their specific expertise.

• Nearly all of our full-time faculty hold doctorates, had professional careers prior to teaching, and many have owned/run/worked in small/entrepreneurial businesses.

• Successful entrepreneurs are heavily involved in the program as guest speakers, adjunct professors, mentors to students, and advisors to the direction and development of the program.

• Currently, we offer a number of scholarships available only to Entrepreneurship majors, which are awarded annually to both incoming and current majors.

BUSINESS CORE COURSE REQUIREMENTS

Refer to Entrepreneurship Status Sheet on the previous page for course titles. Course descriptions can be found in the Grove City College Course Catalog.

ENTREPRENEURIAL CORE REQUIREMENTS

Entrepreneurship and Enterprise (ECON 209) This is an examination of entrepreneurship and its role in the market economy. The entrepreneur’s creativity, foresight, discovery, initiative, and use of knowledge are indispensable for the working of the market economy. The entrepreneurial economizing of resources both across and within an enterprise will be examined. The moral foundations of the market economy are laid on a Christian view of both the nature of creation and God's law. Business Ethics (ENTR 306) This course focuses on the ethical decisions business professionals face in small, family, and corporate business settings. Using a case study format this speaking-intensive course requires students to individually analyze selected case studies and then present and discuss their analysis, with the class. Students will interact with business professionals as they study and analyze “living” cases in which one or more of the parties interacts with the class. Through these discussions students will come to understand what constitutes an ethical issue and the different philosophical, theological, and practical perspectives from which individuals may approach an ethical decision. Students are challenged to begin thinking through and developing their own ethical framework as well as to realize the implications of Christian faith in making ethical business decisions. This course satisfies the Speaking-Intensive (SI) Requirement for Entrepreneurship majors. Entrepreneurship (ENTR 312) This course introduces students to the entrepreneurial process from idea generation, viability analysis, pre-launch planning, start up considerations, and management tips for a new enterprise. The course is designed for students with little or no business background that seek information about the process of starting their own business. Students will conduct a SWOT analysis of a small business and present that profile to the class. Students will hear from and interact with practicing entrepreneurs who have agreed to visit classes and share their insights. Students prepare a business plan brief for a business enterprise of their choice. Entrepreneurial Finance and Venture Capital (ENTR 430) This course covers financial skills used by entrepreneurs and venture capitalists from the startup of a venture through its harvest. This includes a wide variety of topics including the financial elements of a business plan, the evaluation of new business opportunities, financial planning, sources of financing at different stages, valuation methods, essentials of security law, and methods of harvesting an investment. Prerequisite: Business 301. Organizational Change and Consulting (ENTR 459) This course focuses on organizational creation, growth, and change. Students learn how to function as an internal change agent or consultant and how to choose and manage external consultants. Using lecture and case discussion, students apply business problem diagnosis and problem solving skills in the context of small, medium, and large organizations. Students may work in teams. Concluding project is the creation of a “living” case study by studying an existing company and writing a case analysis of a selected problem, complete with recommendations for action. Students conclude the class by presenting their case findings and recommendations to the client company. Prerequisite: Business 203 and junior status.

Entrepreneurship Program2007-08 Core and Elective Courses

Business Planning (ENTR 466) This course provides students from all majors a vehicle for turning their business and non-profit dreams into concrete viable business plans. Either as individuals or as teams, students research, create, and present a plan for a viable business or non-profit organization. They are coached by the instructor and may also be matched to an appropriate mentor with experience in their area of interest. Successful completion of this seminar qualifies students to participate in the campus-wide business plan competition held during the spring semester. Students without basic business background may be assigned some preliminary reading in preparation for the class. Prerequisite: a business or non-profit idea. Internship in Entrepreneurship (ENTR 480) An opportunity for juniors and seniors with a minimum of fifteen hours in their major to participate in individual job experiences, domestic and international, under the supervision of an on-site manager and a department faculty member. Internship must be within an entrepreneurial organization. Products of the internship will include an evaluation by the on-site manager, a log of the internship experience, and a paper describing the experience. A comparison-contrast between academic learning and the internship experience will be conducted. Prerequisite: minimum grade point, permission of department coordinator, and an appropriate job site.

ENTREPRENEURIAL ELECTIVES

E-Commerce (ENTR 309) This course will provide a foundation for understanding the essential components of a successful e-commerce system, including e-commerce strategy, target market analysis, search engine optimization, integrated marketing, web usability, payment processing, security, current technologies, data management and fulfillment systems. Case studies and actual business scenarios will be examined in detail, and students will have the opportunity to explore practical applications in the marketplace. High-Technology Ventures (ENTR 318) The purpose of this course is three-fold: to introduce students to the process of technological innovation within a business; to learn to work effectively within a multidisciplinary team; and, to design and prototype a product working with a local company. Students experience what it takes to bring a product (or prototype) from concept to market. The class is centered on product development and writing a business plan to support the product. Students will spend time in lecture and laboratory and will make off-site visits to the partner company. The final outcome will be a prototype and a business plan. Prerequisite: junior or senior standing and instructor approval. Studies in Entrepreneurship (ENTR 390) An opportunity for students to pursue specific interests in areas of entrepreneurship not regularly covered by formal departmental offerings.

• Social Entrepreneurship • Funding Your Project: Where and How to Acquire “Start-Up" • God’s Plan for Me in Business • 12 Quick Steps for Launching a Business

Entrepreneurial Solutions to World Poverty (ENTR 407) Students will learn about factors that contribute to business development in low-income nations and explore various ways that entrepreneurs and business people can create jobs and reduce poverty in low income nations, especially opportunities for businesses to earn profits while providing goods and services that improve the lives of the poor. In addition, students will have the opportunity to analyze specific businesses and not-for-profits that have successfully implemented entrepreneurial approaches to poverty reduction. In this highly interactive class, students engage with guest speakers, conduct structured interviews with social entrepreneurs, and work in teams to develop and write case studies with the goal of publication. Prerequisite: sophomore standing or permission of the instructor.

Internet Entrepreneurship (ENTR 409) This course will explore the foundational principles and essential components for launching a successful entrepreneurial endeavor on the Internet. The course will cover important topics related to Internet Entrepreneurship, including key entrepreneurial models, business concept development, opportunity analysis, advanced search marketing techniques, understanding user behavior, and creating a viable Internet model for Digital Entrepreneurial endeavors. Case studies and existing businesses will be examined in detail. Students will have the opportunity to study the journeys of successful Internet Entrepreneurs, to hear from experts in the field, and to create an original Internet Business Plan in a team with other students. Prerequisite: Entrepreneurship 309 or permission of the instructor. Marketing Research (BUSA 411) An introduction to the major areas of research in marketing with attention given to problem definition, research design, sampling, interviewing, and analysis to assist marketing management with the decision-making process, using both theoretical and empirical concepts of marketing research. Sales and Sales Management (BUSA 414) Students study the client-focused non-manipulative sales process and how to manage high-performing achievement-oriented sales professionals. Through the use of lecture, case discussion, interaction with practicing sales professionals, and a computer simulation, students learn and apply the principles of professional salesmanship and sales management. Small and Family Business Management (ENTR 423) An upper-level course that will focus on the dynamic of managing a small business and/or a family-owned and operated business. Students explore the key management issues facing small business today (marketing, sales, financial management) with a specific section devoted to topics that differentiate family-owned business management. Students will hear from and interact with small business owners who have agreed to visit classes and share their experiences. The course particularly addresses issues peculiar to the managing and building of the small to medium enterprise and the family-owned business. Prerequisites: junior or senior standing or instructor’s permission. Independent Study (ENTR 460) Individual study of specialized topics in Entrepreneurship. Prerequisites: Senior standing and permission of the department chairman. Seminar Entrepreneurship (ENTR 488) An advanced course for junior and senior Entrepreneurship majors to concentrate on specific subject matter to be determined by the instructor. Individual research and extensive oral and written reports are required.

GROVE CITY COLLEGE

Entrepreneurship Program Scholarships

2007-08

Scholarship Information

Quaker Capital Management Corporation

REM Solutions (tentative)

James R. Clifford M.D. ’52

Estate

F.W. Knecht III

Memorial

Year Founded February 2005 April 2004 February 2005 December 2005

Amount/Year $2,500 $1,000 $2,000 Varies per

Financial Aid guidelines

Term One year One year One year One year

Eligible Major Restricted to Entrepreneurship

Restricted to Entrepreneurship



Class Current students

and incoming freshmen

Current Students

Current students

Current students

Criteria

Past or current evidence of

entrepreneurial experience,

promise, spirit, and academic

success; GPA and financial

need not considered.

Two-page business plan summary is recommended.

Past or current

evidence of entrepreneurial

experience, promise, spirit, and academic

success; GPA and financial

need not considered.

Based on

financial need; contact the

Financial Aid Office for

further information.

Based on

financial need; contact the

Financial Aid Office for

further information.

2007-08 Entrepreneurship Program Scholarship Application Timeline

April 15 Financial Aid application deadline (for financial need-based awards)

April 16 Entrepreneurship Scholarships application deadline

Mid-summer Recipients notified by College Scholarship Committee

Please visit www.gcc.edu/Entrepreneurship - Academics page for Entrepreneurship scholarships.

Please visit www.gcc.edu/financialaid for financial aid application forms.

ENTREPRENEURSHIP PROGRAM FALL 2006 PROGRAM CALENDAR

August 28 Fall semester classes begin

September 4 Labor Day – no classes

September 6 Social for Freshmen and Transfer Students 5:00-6:00 pm (4:45 meet in HAL Entrepreneurship Suite for ride) Dr. Dupree’s home

September 7 BlueTree Allied Angels Screening Meeting Pittsburgh Life Sciences Greenhouse Leave at 6:30 am from Alumni parking lot and return by 1:30 pm

September 7 Robert Woodson Guest Speaker – “The Entrepreneur’s Role in Neighborhood Revitalization” 7:00 pm, Sticht Lecture Hall

September 12-14 Entrance Interviews for New Entrepreneurship Majors HAL Room 303G – every 15 minutes

September 14

Entrepreneurship Program Kickoff Dinner and Social Jack Roseman Guest Speaker – “Ten Pointers to Become a Successful Entrepreneur– A Guide for Success in Business and Life” 5:00 pm dinner followed by presentation, Old MAP Dining Hall

September 21 A. Ray Dalton Guest Speaker – “Proceed with Confidence” 7:00 pm, Sticht Lecture Hall

October 5 BlueTree Allied Angels Screening Meeting Pittsburgh Life Sciences Greenhouse Leave at 6:30 am from Alumni parking lot and return by 1:30 pm

October 12 Entrepreneurship Advisory Council Meeting 9:00 am – 5:00 pm, Student Union Great Room and PLC Conference Room

October 12 Robert Slee Guest Speaker – “Competing in a Global Economy” 7:00 pm, Sticht Lecture Hall

October 13-15 Homecoming

October 18-22 Fall recess (begins after classes conclude on the 18th)

Late October-early Nov. Rocket Pitch Competition

November 1

George Siedel, Sticht Lecture Series Speaker – “The Ethical Underpinnings of Business Negotiation”

7:00 pm. Sticht Lecture Hall

November 2 BlueTree Allied Angels Screening Meeting Pittsburgh Life Sciences Greenhouse Leave at 6:30 am from Alumni parking lot and return by 1:30 pm

November 18-26 Thanksgiving recess

December 14 Study Day

December 20 Fall semester concludes

Deep Springs International 1st-Place Winner in Grove City College’s 2006 Business Plan Non-Profit Competition

This article appeared in the 2006 Grove City College Annual Report

GCC Entrepreneurship Majors Learn Leadership and Life Lessons at Family First Sports Park

By Stephanie Berthoud

Imagine the CEO of a major organization sitting at a table decorating a potato head in his or her own likeness. You might think it was time for that CEO to retire. However, at the Family First Sports Park in Erie, PA, this is one of many exercises used to help build teamwork and leadership skills. On Thursday, February 2nd, 18 junior and senior Entrepreneurship majors traveled to Erie with Dr. Jim Dupree to learn valuable teamwork and leadership skills through an all-day experiential learning workshop. The experience consisted of numerous activities but the main event was a gourmet cook-off. The day began with exercises designed to break down barriers within the group caused by our own paradigms. One activity required the group to wave their arms in a ridiculous and complex pattern. This was a humbling experience and eliminated the urge to “look cool” in the group. It provided us with greater unity and equality. After that, each person was asked to decorate a potato to look like themselves. They then had to introduce their potato to the rest of the group and describe themselves. The activity allowed the group to see how each individual viewed themselves as opposed to how the group viewed them. The director of the program, Jordan Rimmer, explained that a team is more

successful in working together when they better understand each other. Our biases and presuppositions can inhibit our ability to work together. The group then completed various other activities all designed to build teamwork and leadership skills. Later in the day, the group was divided into two teams who then participated in a few more activities that allowed them to get to know each other better. These teams competed against each other in the cook-off with the assistance of two gourmet chefs. Each team

developed their own strategy on how to work together and prepare their meal. Their final product was reflected through these strategies. One group focused on uniformity and consistency and their meal tasted as such. All of the dishes matched well and there was a consistent flavor in the meal. The other group focused on respect for each other’s individuality. Their meal had a lot of variance in flavors and though it was not as uniform throughout, it added variety and flavor. Each group’s teamwork was exceptional and the meals were delicious. The gourmet chefs gave the meals great reviews. Overall the Entrepreneurship students took away some great life lessons from the day’s activities. The experience was enjoyable and a nice change from the daily routine of classes.

Entrepreneurship Advisory Council Roster

As of March 1, 2007

James V. Dupree Executive Director and Chair

Entrepreneurship DepartmentProfessor of Entrepreneurship

Grove City College 100 Campus Drive, Box 3004

Grove City PA 16127 [email protected]

724-458-3354

William P. Anderson, Jr.

Provost and Vice President for Academic Affairs Grove City College

Jack Barry ‘62

Business/Leadership Consultant

Retired CEO

John C. Baun ‘68

President Baun Mortgage Company

Kelly L. Carrier ‘90

Partner Strategic Valuation Group

Joseph C. Cicero, Jr.

Retired President, Education Division

Sanitors Services, Inc.

Bryan A. Corbett ‘02

Owner

CS Market Enterprises

Brian T. Gongaware ‘92

President

NetWorth Investment Advisors

SENIOR ADVISOR

Timothy G. Habbershon ’81

Director, Institute for Family

Enterprising Babson College

Thomas R. Haller ‘66

Owner

Thomas R. Haller & Associates

D. Michael Kramer ‘80

President & CEO

Ohio Legacy Corporation

Melissa A. MacLeod ‘96

Senior Director of Development

Grove City College

Dr. David Miller-Martini

Director, Entrepreneurship Program

Grove City College

Catherine V. Mott

Managing Partner BlueTree Capital Group BlueTree Allied Angels

Douglas W. Muetzel ‘80

Chief Executive Officer Wesley Spectrum Services

Kenneth Smith ‘84

President

H. B. Maynard and Co. Inc.

Robert G. Wuelfing

Principal and

Managing Director R. G. Wuelfing &

Associates

November 19, 2004

Grove City College Entrepreneurship Program one of two finalists for national award

GROVE CITY, Pa. – The United States Association for Small Business and Entrepreneurship recently selected Grove City College’s Entrepreneurship Program as one of two finalists for the 2005 USASBE National Model Undergraduate Entrepreneurship Program Award. The award program recognizes excellence in entrepreneurship education. Judges from nationally recognized entrepreneurship programs assessed the Grove City College Entrepreneurship Program based on its innovativeness, uniqueness, quality, effectiveness, completeness, comprehensiveness, sustainability and transferability. Dr. James Dupree, professor of business and director of the Entrepreneurship Program, originally submitted a nomination for the Outstanding Specialty Entrepreneurship Program category. The nomination included a description of the program’s purpose, primary objectives, principal students and individuals, courses, unique aspects, funding sources, benefits and outcomes. Other categories included National Model MBA Entrepreneurship Program, National Model Ph.D. Entrepreneurship Program, Innovative Entrepreneurship Education Courses, Innovative Pedagogy for Entrepreneurship Education and Entrepreneurship Educator of the Year. In the nomination submission, Dupree discussed how Grove City College’s Entrepreneurship Program partners students with experienced mentors in entrepreneurship to give hands-on experience as well as advice from learned professionals in the field. Dupree also mentioned the program’s involvement with the Pittsburgh Conference on Social Entrepreneurship, the College’s summer entrepreneurship camp for minority high school students, the new Students in Free Enterprise chapter established at Grove City and the campus-wide Business Plan Competition. Dupree summarized the program by explaining how it “prepares men and women of character to lead, innovate, and think entrepreneurially whether in business, ministry, or public service—to be role models and job creators, rather than just job seekers.” An entrepreneurship faculty member will attend the USASBE national conference in Indian Wells, Calif., Jan. 13-16, 2005. Finalists will submit a revised executive summary, supplementary materials and presentation slides as part of a 15-minute presentation delivered to a panel of judges. Winners will be announced and awards presented at the conference. For more information on the Grove City College Entrepreneurship Program, contact Dupree at (724) 458-3354 or [email protected]. This release is available for download at www.gcc.edu/news/releases/main. Media may contact Clingensmith for further details. Grove City College is listed as one of the Most Competitive colleges in the nation by Barron’s. In its category, Grove City College is also ranked by U.S. News & World Report as No. 1 Best Value and No. 5 overall in the 2005 guide to America’s Best Colleges. Grove City College has also been called a “best value” and a “hidden treasure” by guidance counselors in the Kaplan National High School Guidance Counselor Survey, and is also the No. 16 Best Bargain school according to the Princeton Review. Founded in 1876, it is located 60 miles north of Pittsburgh, Pa. With an enrollment of 2,300 students, it is a private Christian college teaching the liberal arts, sciences and engineering. It is an advocate of the free market economic system and accepts no federal funding. Tuition is about half of the national average for private colleges.

CONTACT AMY CLINGENSMITH, DIRECTOR OF COMMUNICATIONS ℡724.458.3302 724.458.2167 [email protected] www.gcc.edu

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