The teams must market and sell their product or service and pay taxes. Each business must meet regulatory requirements. The class then votes on which business ideas are most attractive, and the best ideas are reworked into business start-ups for teams of up to 10 students.Įach team starts a business with loans of up to $3,000 from the school. At the beginning of the course, each student must propose a business idea. A crucial aspect of FME is that students help begin and operate a business during the year. For example, one strength of the Babson business education curriculum is that it’s deeply rooted in liberal arts, bringing together business fundamentals with the arts and sciences since most businesses are based on art, science, or a combination of both. The signature Foundations of Management and Entrepreneurship (FME) course-taken by all students at Babson-exemplifies this approach.įOUNDATIONS OF MANAGEMENT AND ENTREPRENEURSHIPįME is a two-semester entrepreneurship and organizational behavior course taken in a student’s first year. The curriculum supports the action orientation by integrating across disciplines in innovative ways. Babson students learn that action tops everything.
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ET&A comprises the practices of play, empathy, creating, experimenting, and reflection. The foundation for teaching entrepreneurial leadership is Babson’s Entrepreneurial Thought & Action ® (ET&A) methodology. They are taught the deeper, foundational skills that can help them succeed in business (see “Babson Learning Goals”). It isn’t enough for Babson graduates to know and understand everything they possibly can about business. We define entrepreneurship as new venture creation, corporate innovation, and family business. Today, Babson’s rigorous yet flexible curriculum supports the mission of educating students to become entrepreneurial leaders who create great social and economic value everywhere. In the early days, students took a pledge to embark on a business career as a means of rendering service to humanity.
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Since the school began in 1919, a Babson education has been built on the foundational principles of idealism, intensity, and practical application. With curriculum elements that specifically prepare students for successful careers in areas such as financial planning and analysis (FP&A) or in roles like controller or chief financial officer (CFO), Babson’s educational program helps future management accounting professionals accomplish their career objectives and meet the competency expectations of employers while creating great social and economic value wherever they go.īabson’s undergraduate curriculum aims to help students develop their strengths, pursue their passions, and create their path to success. Babson College, where we teach and which earned endorsement from the IMA Higher Education Endorsement Program, developed a rigorous program to do just that.