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EPS4515 Affordable Design and Entrepreneurship (ADE)
4 General Credits
Students must be Juniors or Seniors to take this course
This course engages students in community-based, participatory design and action. Teams partner with communities and organizations to achieve positive social and environmental impact with a strong justice framing, working for change in areas like air quality, community development, food processing, global health, and rights and privacy (addressing mass incarceration) over several semesters.
Guided by an experienced faculty advisor, teams make change through design for impact, social entrepreneurship, community organizing, participatory research, political advocacy and other practices. All teams practice social benefit analysis, theory of change, assumption testing, cross-cultural engagement tools, dissemination of innovation methods, and ethical norms.
Students regularly engage stakeholders in inclusive processes, in person and virtually, to observe, strategize, plan, co-design, prototype, test, and implement approaches supported by a significant project budget and student fundraising. There are often opportunities to travel locally, nationally, or internationally to work with partners.
Students are exposed to mindsets and dispositions for working with integrity and responsibility in their stakeholders' contexts through guided exercises, case studies, guest speakers, readings, and reflections. Students learn and apply changemaking practices through project work, and gain essential experience building relationships across difference and developing their own self- and cultural awareness.
This course is part of the BOW collaboration, offered jointly between Babson and Olin, and open to
Wellesley students. Prerequisites: FME1000, Junior standing (students must be juniors or seniors to take the course).
EPS3514 Be the Change
2 General Credits
The course is designed for creative changemakers committed to utilizing their entrepreneurial leadership and global mindset to make a positive social impact and work towards social justice. Students will develop a deeper understanding of the United Nations (UN) Sustainable Development goals and the issues that exist at the heart of the social problems social entrepreneurs aim to address. Students will explore the moral and ethical questions that face non-profit organizations social enterprises, and social entrepreneurs and learn motivation, approach, and best practices as it applies to social change makers. Students will be equipped with the tools and methods to apply their entrepreneurial mindset to advance equity and social justice and create a response to a social problem they would like to address.
Note: The Natalie Taylor Scholars will use what they create in this course and implement it in the Scholar in Action EPS3534-01.
4 General CreditsThis hands-on workshop gives students the opportunity to plan a crowdfunding campaign for a creative project or entrepreneurial venture. Online crowdfunding builds community around innovative projects by organizing stakeholders and leveraging in-person and online social networks. Goals of crowdfunding include stakeholder alignment, concept testing, product pre-selling and venture de-risking. Students work individually or as part of a team to design a crowdfunding campaign which at students' discretion may be executed following the workshop. Students are expected to meet high standards and the focal point of the course is the production and refinement of a pitch video developed based on stakeholder engagement and opportunity shaping. The course integrates emerging research on crowdfunding and ongoing developments in the industry.
Prerequisites: Students must be at least second semester sophomores.
EPS3539: Cultivating Entrepreneurial Youth Leaders
4 Advanced Management Credits
Through the Cultivating Entrepreneurial Youth Leaders course, Babson undergraduate students will learn how they can help middle and high school students develop stronger agency, entrepreneurial self-efficacy, and empower young changemakers in Costa Rica. The course provides Babson students with the opportunity to learn key elements of teaching entrepreneurship and serving as coaches for youth, using a proven curriculum developed by Babson's Youth Impact Lab, EPIC (Entrepreneurship Program for Innovators and Changemakers). EPIC is a youth entrepreneurship program that teaches social entrepreneurship skills framed by the United Nations Sustainable Development Goals (Global Goals) to youth to increase their resiliency and entrepreneurial self-efficacy. EPIC is designed to help middle school and high school students understand what it means to be a social entrepreneur, empowering them to make positive change in their lives, communities, and the world.
EPIC balances entrepreneurial concepts with social-emotional skills, or "soft skills." This unique combination, framed by the UNSDGs, helps youth develop grit, resiliency, a growth mindset, social awareness, social entrepreneurial intention, critical thinking, and self-reflection skills that can:
- Increase high school graduation rates
- Improve academic achievement
- Strengthen employability
- Raise earning potential
- Decrease mental health issues, drug and alcohol use, incarceration rates
â€‹Prerequisites: (FME1000 and FME 1001) or (MOB1010 and EPS1000)
EPS3551 Entrepreneurial Families
(Formerly Family Entrepreneurship Amplifier)
4 General Elective CreditsIf you come from a family business or have an interest in starting a business with a family member or members, this course is designed for you. The course is like no other offered at Babson or elsewhere in the world. In this course, you will work directly with your family as part of the learning process. Together you will learn about how and why families are responsible for over 75% of global entrepreneurial activity and how your family can be more successful in its entrepreneurial efforts. You will learn about succession, ownership structures, family business strategy, family and business governance, conflict management and communication. You will strengthen your ability to work with your family, build your confidence and increase your family's understanding of the value you can bring to the business. You will also learn from your peers and their families establishing relationships that will endure long after you graduate. If you know that you want to lead the family business, this course will provide a foundation for your future. If you are uncertain about joining the family business, this course will help provide clarity for your decision. If you have no desire to join the family business and prefer creating your own venture or opportunity, this course will help you to leverage the knowledge and resources within your family in order to increase the likelihood of your success.
Prerequisites: FME or equivalent
EPS3553 Entrepreneurial Families Project
(Formerly Family Entrepreneurship Amplifier)
2 Free Elective Credits
This is a practice-oriented course that has two primary foci: 1) helping students from family businesses integrate their learning at Babson with specific needs of the family and to facilitate entrepreneurial activity, dialogue and relationship building between the student and their families as part of their experience at Babson. 2) creating hands on learning opportunities for these students that will better prepare them for their future with the family business including engaging with guest speakers, mentors, company visits etc.
EPS3552 Entrepreneurial Families Project
(Formerly Family Entrepreneurship Amplifier Class)
2 Free Elective Credits
This class is designed for seniors who have completed the sophomore/junior Family Entrepreneurship Amplifier course EPS 1215/1216 (focused on understanding your family) and Peer Forum (focused on understanding yourself through sharing with and learning from peers).
In this full year class, you will work directly with your family to launch a new entrepreneurial opportunity that creates economic and/or social value. Projects can include opportunities within your current family business or a new venture / social impact initiative. Students will meet as a class three times a semester. The majority of the work will be done outside of the classroom, working with your family, getting input from peers, and in monthly meetings with your faculty advisor. This action-oriented class is a culmination of your Amplifier experience, where you take what you have learned, and put it into practice to launch your entrepreneurship opportunity with your family.
EPS1217 runs in the fall and the companion part of the course, EPS1218 is in the spring semesters, 2 credits per semester, for a total of 4 credits.
Prerequisites: Junior or Senior status
EPS4510 Entrepreneurial Finance
4 General CreditsHow much money should I raise? Who should I raise it from and how? What do I do with the money once I have it? This course focuses on the various aspects of funding and managing entrepreneurial ventures through the various stages of business growth. The class will utilize videos, cases, simulation and experiential learning techniques to explain how to finance the entrepreneurial firm, investment analysis and decision making, and managing company finances through growth, crisis and harvesting. Frequent guests ranging from entrepreneurs, venture capitalists, banking and legal professionals will bring the entrepreneurial experience to life in this course which utilizes the "flipped classroom" methodology of teaching.
Prerequisites: (SME2001 and SME2002 and SME2011 and SME2012 and SME2021 and SME2031) or (ACC2002 and OIM2001 and MKT2000 and OIM2000 and FIN2000 and ECN2002)
EPS1220 Entrepreneurial Leadership Field Studies
4 Free Elective Credits
This course is designed specifically for Arthur M. Blank School of Entrepreneurial Leadership Scholars (AMBSEL Scholars) and for other Scholars (e.g., Weisman, Presidential, Posse, etc.) by instructor consent.
Entrepreneurial leadership theories and frameworks, considered to be distinct from other forms of leadership, are still at the nascent stage of development. Babson Professor Scott Taylor and his colleagues are currently developing an entrepreneurial leadership model that includes the following constructs: "leader internal clarity", "leader opportunity seeking behavior", "leader outward focus", "follower motivation effect", and "recognizing and exploiting entrepreneurial opportunities". Each of these constructs will be explored by students through discussions of assigned readings and qualitative research in the form of entrepreneur interviews and a case research project which includes a written case and teaching note. Students will develop qualitative research skills (e.g., interview techniques) through in class lectures and asynchronous videos that have already been produced by Professor Shay. The learning-focused activities and assignments, especially the field-based entrepreneur interview and case research project, are designed to enhance student (and the field's) understanding of the unique nature of entrepreneurial leadership and to develop the student's own entrepreneurial leadership skills. Student course deliverables (entrepreneur interview and case study) will provide insights to advance our understanding of entrepreneurial leadership as well as teaching materials for classroom use. The entrepreneur interviews and case studies will be submitted for inclusion in Babson's case resources and possibly for publication in peer-reviewed journals such as Case Research Journal.
EPS3543: Entrepreneurial Opportunities in AI
4 advanced managements credits
This experiential seminar explores the rapidly evolving field of artificial intelligence (AI) and its potential for creating new business opportunities. Students will learn about cutting-edge technologies in AI, such as machine learning, computer vision, neural networks, and natural language processing. We will also cover recent developments in the AI industry and the impact of venture capital investment on AI startups. Throughout the course, students will have the opportunity to experiment with AI technologies and develop their own innovative projects. By the end of the course, students will have a deep understanding of the current state of AI and the potential for new business opportunities in this field. This course is ideal for students interested in the intersection of entrepreneurship and technology.
EPS3501 Entrepreneurship and Opportunity
4 General CreditsEPS3501, EPS3502, EPS3503, EPS3530, EPS3508 and EPS4520 are all equivalent courses. Students can take only ONE of these courses.This course concentrates on identifying and evaluating opportunities for new business. The primary purpose is to investigate concepts tools and practices associated with identifying or creating new venture opportunities. Students will explore ways to shape and evaluate the viability of these opportunities by understanding key industry factors, market and competitive factors and customer needs. Students will gain a better understanding of personal entrepreneurial capacity, team building and management, and are augmented with readings, guest speakers, videos, and software simulations. Student teams will do at least two opportunity feasibility assessments.
Prerequisites: (SME2021 or FIN2000) and (SME2011 or MKT2000) and (SME2031 or ECN2002)
EPS3513 Entrepreneurship in Fashion
4 CreditsEntrepreneurship in fashion explores the challenges to entrepreneurs in the fashion industry with a view toward understanding opportunities, the changing nature of design to distribution technologies and processes, and the resources required to successfully launch and grow new ventures and corporate innovations. This course will examine past, current, and leading-edge business models while building entrepreneurial thought and action skills in the fashion context to create economic and social value. Students will focus on areas of interest in the fashion industry and design business models around opportunity spaces. The course examines current business cases. Speakers from the fashion industry will be invited to converse with students about experience and opportunities in fashion.
EPS3509 Entrepreneurship New Ventures in Fashion
4 Elective Abroad CreditsEntrepreneurial leaders in Fashion excel in being innovative and resourceful with respect to creating new designs that capturing customer attention, attracting high quality human and financial capital, and building business partnerships that ensure their products get to market in a timely way. The Fashion business cycle demands that ventures gather timely customer information, make the most of limited resources, and manage uncertainty in changing market conditions. In this course, students will have the opportunity to apply their classroom knowledge and past professional experiences to practice these facets of entrepreneurial leadership in London, England. The course is built around a Design Challenge - including preparation, research and thought about opportunities and the fashion industry and an intense, one-week exercise that invites students to create a solution to address an underserved customer/market niche while visiting leading British companies and cultural attractions.
As a part of the field work associated with the Design Challenge, students will participate in local excursions to leading businesses, start-ups, incubators, design companies, and cultural destinations. You will meet British and Global entrepreneurs, managers, Full-Circle Economy/Environmental leaders, and other experts in fashion design and production. You will also interact with different facets of everyday life in London as you collect information, develop an opportunity, rapidly prototype solutions, and validate your findings. The goal is to provide ample opportunities for you to immerse yourselves in the dynamic London fashion culture and expose yourselves to the design- friendly ways pioneered by British companies and leaders. At the end of the week, student teams will present their solutions to a panel of Fashion Faculty. The course is designed for students who have a strong interest in entrepreneurship, fashion, innovation, fashion technology, or design and wish to participate in a dynamic cross-cultural learning experience.
EPS1000 Foundations of Entrepreneurial Management
The content of EPS1000 is equivalent to the material covered in FME 1000 and FME 1001. Students who are enrolled in FME therefore cannot enroll in this course.
Foundations of Entrepreneurial Management (FEM) introduces you to how to think and act entrepreneurially (ET&A). FEM will help you apply ET&A - a method of applying creative and predictive logic to achieve economic and social value creation -- to a variety of business situations you might encounter during your career, including: starting and leading a new for-profit, non-profit or social venture; joining the team of a growing enterprise; or infusing an established organization or family business with entrepreneurial vigor. In FEM you'll learn about Babson's method for entrepreneurial thought and action, giving you the foundation to move on to intermediate level coursework and pursue your own entrepreneurial dreams.
EPS3504 Future Trends and Entrepreneurial Ventures
4 General CreditsThis course is designed to provide a strategic decision-making, future-oriented perspective in Entrepreneurship for undergraduate students interested in Entrepreneurial Thought & Action methods used by start-up, early-stage ventures, and corporations that practice innovation. We explore Entrepreneurial Thought & Action techniques for looking at the future including scenario planning, key-trend impact analysis, systems thinking, and experiencing the gestalt of the future. Students will develop an understanding of the future that applies to her/his own entrepreneurial leadership vision, identify Key Future Factors (KFF) that allow entrepreneurial leaders to address customer needs currently unmet, identify trends and systems key to developing opportunities scalable into large markets, and develop an action approach to scale an opportunity with an assessment of future trends and markets.
EPS3532 Global Entrepreneurship
(Formerly International Entrepreneurship)
4 General CreditsThis Global Entrepreneurship course will explore the many dimensions and challenges of global venture creation and growth. The course offers a framework for understanding the entrepreneurial process in global contexts and exposes students to key issues and problems specific to international ventures. As the world becomes increasingly global, this course hopes to (1) encourage students to consider exploring entrepreneurial activities outside the domestic setting, (2) prepare them to see through a different set of lenses in order to better and more accurately identify vast global opportunities, and (3) equip them with various skills to better meet and tackle complex global challenges.
EPS3505 Great Entrepreneurial Wealth: Creation, Preservation, and Destruction
4 General CreditsThis course will explore the stages of great entrepreneurial wealth creation, preservation and destruction. Topics will cover geographical and sector concentrations of great wealth formation, along with socio and economic conditions prevailing at the time of generation. Particular emphasis will cover the detailed paths of notable entrepreneurs from the past century, along with the ethical dilemma and social contributions attributed to each of them. The course also discusses the rise and fall of great family dynasties in the section of wealth destruction.
Current practice of wealth generation, preservation and destruction methodologies will be reviewed, covering hedge funds, family offices and entrepreneur impropriety. Participants of this course will be expected to enhance skills in identifying market opportunity and wealth generation techniques as well as gain greater insight on interpersonal and market forces that contribute to wealth evaporation. Ethical dilemma, including a thorough discussion of high-profile industry scandals, will be explored along with factors contributing to fraud and investor impropriety.
4 Advanced Management Credits
The ability to consistently recognize new ideas and seize opportunity develops over time, with experience and with knowledge. And when you don't have the knowledge and experience, it can seem very difficult to come up with new ideas and to know whether that idea has market potential that can develop into a viable and sustainable business. Welcome to IDEATE - a course designed to overcome your existing barriers to idea generation and help you develop a "practice" in ideation that will serve you well beyond this course.
Coming up with good business ideas can seem excruciatingly difficult. Ideation is challenging to most because 1) we don't give ourselves enough time to generate new and valuable ideas, 2) we don't continuously practice proven techniques, 3) we lack confidence in our creative abilities, and 4) we fear failure and rejection. As a result of these confounding challenges, the focus on just idea generation is too limiting. During this course we also focus on the development of your entrepreneurial mindset, your creative ability, and your courage to take action.
This course is not about the execution of ideas (there are many of courses for that), but rather about the generation of lots and lots of ideas with the associated mindset, skillset, and toolset to do so.
Prerequisite: (FME1000 and FME1001) or (EPS1000 and MOB1010)
EPS3542: Innovation Ecosystems of Spain
4 advanced management credits (Elective Abroad)
Startup Ecosystems of Spain is a study abroad course designed to introduce Babson undergraduate students to the diverse Spanish economy with emphasis on the regional innovation ecosystems of Madrid and Barcelona. It examines the challenges that Spain has faced in recovering from the global financial crisis and evolving after the global pandemic COVID-19. It involves a multidisciplinary orientation at Babson followed by a 10-day study tour to Madrid and Barcelona. Students will meet on-site with executives from some of the top startup and multinational organizations in Spain.
Prerequisite: Application through Glavin Office
EPS1110 Introduction to the Entrepreneurial Experience
The Online Babson Summer Study program is designed to help high school students (primarily rising juniors and seniors in high school), like you, cultivate core career skills and a sharp entrepreneurial mindset for overcoming challenges in any setting, in any role. You will participate in interactive online sessions with Babson faculty, entrepreneurship experts, and Babson near-peer students, work on team-based projects with peers from around the world, learn how to apply Entrepreneurial Thought and Action , and understand the competencies needed to start your own venture.
EPS3541 Launch - Grow Your Existing Venture
4 CreditsThis course is designed for undergraduate students who are actively pursuing a venture that has progressed well beyond the Explore stage of development - already launched or launch-imminent. The course will support students in their active quest to achieve major development milestones in all aspects of their businesses, including but not limited to, products and services, revenue, organization, geographical expansion, distribution, partnerships, funding, profitability/sustainability, pivots, and social initiatives.
To enroll, instructor permission is needed. Email Mary Gale for an application: email@example.com
Prerequisites: FME or (MOB1000 and MOB1010) and permission from instructor (application and interview-based)
EPS4530: Launch Your Venture
(Previously titled Living the Entrepreneurial Experience)
4 Advanced Management Credits
Living the Entrepreneurial Experience is about being an entrepreneur in action, and "living" the experience of being an entrepreneur through this course. Building on foundations from EPS 3501, students will engage in Entrepreneurial Thought and Action by developing, taking and building on key action steps to advance their own ventures or on projects for existing enterprises. Key elements of the process involve secondary research and engaging experts, stakeholders, analogous/complementary ventures, and investors/donors to enrich your understanding of the entrepreneurship ecosystem and test ideas. Course readings and cases will provide supplemental background. Core to the class experience is the question - how do you build and lead your venture? Students will set milestones to move their venture forward. The core is "action based learning" which will result in pivoting your venture based on information gained in experimenting and testing assumptions. The course has multiple deliverables related to key actions and decisions in marketing, finance, customer service and operations. Students are expected to work independently as well as interdependently with other entrepreneurs in the course.
Contact time for this course will be split between in-class sessions and out-of-class individual meetings with the instructor.
Prerequisites: EPS3501 or permission from instructor
EPS4530 (formerly EPS3530), EPS4525, EPS4531, EPS4532, EPS4533 and EPS4534 are equivalent courses. Students can only take one of these courses.
EPS3524 Made in Japan: Culture & Opportunities
4 Elective Abroad Credits
This course is built on two major themes:
1. Cultural excursion
Provide students to have an in-Âdepth look and a chance to experience Japan's culture, in other words, its institutional environment (i.e., formal and informal rules of the game)
-Â Students will have opportunities to examine this through various dimensions that constitute the diversity and complexity of the country's cultural/institutional environment today:
o Metropolitan vs. suburban
o Modern-Âcontemporary vs. old-Âfashioned
o Young-Âemerging vs. mature-Âestablished
o High vs. low tech, etc.
2. Entrepreneurial opportunities
Encourage students to practice Entrepreneurial Thought and Action (ET&A) within the cultural/institutional environment in Japan.
-Â Students will work in teams to conduct observations, identify problems and opportunities, design an entrepreneurial initiative, and assess its impact (including stakeholder analysis) and feasibility - in various contexts/perspectives:
o Interest/theme-Âbased, etc.
The entire course is designed on the concept of interactive learning through site visits, mini projects, and individual/group research.
EPS3520 Managing Growing Businesses
4 General CreditsThis course covers the growth phase of an entrepreneurial business, focusing on the nature and challenges of entrepreneurial businesses as they move beyond startup. The primary task for entrepreneurial firms in their growth phase is to build an organization capable of managing this growth, and then ensure the organization can sustain growth as the market and competitive environment changes. The entrepreneur needs to create a professional organization both responsive to external change and entrepreneurial enough to continually create new businesses through innovative thinking.
Issues of particular importance to rapidly growing companies include: getting the right people and systems in place, managing with limited resources, cash flow planning, leadership and delegation, professional zing the business, turning around a troubled business, establishing and communicating culture, and creating a vision to drive the organization toward the future.
Prerequisites: SME and EPS350%
EPS3540 Raising Money - VC and Private Equity
4 General Credits
Students must be Sophomores, Juniors or Seniors to take this course
This class concentrates on developing a knowledge of the asset classes available for early stage and acquisition funding (both equity and debt). These include money from family and friends, angels (both individual and angel groups), VC funds, private equity, and debt from venture debt funds and special commercial banks. Much of the class is taught from the entrepreneur's perspective, but it will also cover the dynamics of starting and running a VC fund since many of the investor classes rely heavily on the VC when making investment decisions. Case material, lectures, frequent exercises/presentations and guest speakers will provide future entrepreneurs with a detailed understanding of how investors think, analyze and behave.
This understanding is critical so that entrepreneurs can understand the deals they make with investors and how to manage the process to a mutually beneficial conclusion.
Prerequisites: Sophomores, Juniors or Seniors Class standing
EPS3534 Scholar in Action Experience
2 General CreditsThis two-credit course is designed to help individual students in the Bernon Scholar Program research, draft, and plan, execute, and evaluate a programmatic response to social or community need or concern for which the student is passionate.
This course is accomplished in five parts: exploration of issue, benchmarking and research of existing responses, planning of student's response, execution of that response and the student reflection on efficiency and effectiveness.
Enrollment by Permission Only
EPS3536 The Entrepreneurial Innovator
4 Advanced Management CreditsIn the Entrepreneurial Innovator, transdisciplinary teams will identify multiple entrepreneurial innovation opportunities, through user engagement and extensive prototyping, over the course of two separate design sprints. This experimental, hands-on seminar will be held in the Weissman Foundry and offer broad exposure to prototyping processes and capabilities. The seminar is open to 3rd and 4th year Babson, Olin and Wellesley (BOW) community students.
Innovation can be defined as creativity that is new and useful, combining elements of novelty and some compelling utility to an end user or target customer. Entrepreneurship considers ways to generate and monetize innovations, making value-creation profitable and sustainable. Working in transdisciplinary teams, BOW students roll up their sleeves to investigate and define unmet needs and innovation possibilities for two different user groups/customer groups. Participation in the seminar requires an action-orientation, frequent off-campus trips, user engagement, physical prototyping, as well as visual representations of user problems and innovative solutions.
Prerequisites: Open to all Babson, Olin, Wellesley (BOW) community students in their 3rd or 4th
year of study
EPS1210 The Ultimate Entrepreneurial Challenge
(Formerly EPS3510 and EPS3579)
This highly competitive course involves intense TEAM competition and problem-solving. Students will elect CEOs, negotiate to acquire team members, and compete for ten weeks to determine the ultimate winner. We have designed a learning experience that will develop and test your skills in strategy, marketing, negotiation, management, negotiations, and finance -- as well as creative, innovative, entrepreneurial out-of-the-box thinking.
Your learning experiences will primarily engage you in real-world business cases, including, when feasible, interactions with the entrepreneurs that are the subjects of the cases, or practitioners who have relevant experiences and insights to share. Our goal is to make this course one of the most challenging and rewarding learning experiences for you during your time at Babson.
Prerequisites: FME1001 or MOB1000
PS3508 Entrepreneurship and New Ventures in Singapore
4 General Credits**This course is for students in the Babson Leadership in a Global Context program in Singapore and is not open to students not enrolled in the program.**
The course will introduce students to the nature and processes of assessing and shaping entrepreneurial opportunities on location in Singapore.
Upon completion of "Entrepreneurship and New Ventures in Singapore," you will:
Enhance your skills in assessing and shaping opportunities
Recognize the practices and processes of successful entrepreneurship in Singapore
Identify the many contextual factors that influence entrepreneurial activity in Singapore