Foundations of Management and Entrepreneurship
The only way to understand what it takes to run a business is to actually run a business. That’s why during your first year at Babson, you’ll invent, develop, launch, and manage a business. Yes, a real business.
Babson’s Foundations of Management and Entrepreneurship (FME) course is an internationally recognized yearlong immersion into the business world, giving you the basic business background and real-world context you need for all your Babson courses—and your future career.
How It Works
Throughout the year, two dedicated faculty members—industry professionals—teach you the ins and outs of entrepreneurship, marketing, accounting, organizational behavior, information systems, and operations, while emphasizing the integrated role these functions have in a business.
Classes of up to 40 students form teams of 10 students, and the College loans up to $3,000 as startup money for each business. The ideas for the businesses are all yours and, whether you’re selling a tangible product or providing a service, you’re encouraged to think about how your business meets a human need.
Teams establish a partnership with a local social services agency, emphasizing the importance of corporate social responsibility. Collectively, each team donates 80 hours of community service, plus all profits from their business, to that organization. Students have supported a variety of organizations, including Special Olympics, Habitat for Humanity, Cradles to Crayons, Boys and Girls Club, and the Greater Boston Food Bank.
Since 1999, FME businesses have donated more than $430,000 to local charities. How much will your team contribute?
What Students Gain
The experience is more than just learning how to launch a startup. It’s about exploring career options. It’s about identifying and creating opportunities, understanding your goals, managing team dynamics, and communicating effectively. Above all, it’s about turning ideas into action.