Entrepreneurship

The Course Catalog includes course descriptions of all courses offered by the Undergraduate School at Babson College. For descriptions of the courses offered in the current or upcoming semesters, please see the Course Listing.

Entrepreneurship

EPS3532 - INTERNATIONAL ENTREPRENEURSHIP

INTERNATIONAL ENTREPRENEURSHIP

EPS3532 INTERNATIONAL ENTREPRENEURSHIP
4 General Credits


This International 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.

4 credits

EPS3533 - Sustainable Entrepreneurship in Island Nations and Territories

Sustainable Entrepreneurship in Island Nations and Territories

EPS3533 SUSTAINABLE ENTREPRENEURSHIP IN ISLAND NATIONS AND TERRITORIES
4 Elective Abroad Credits


Island nations and territories face particular problems with respect to resource usage and environmental impact given their geographic isolation and boundaries. While this is true of all island nations and territories, based on natural resources, policies, and other factors different islands are often faced with varying degrees of environmental challenges in key areas. The purpose of this course is to learn about the challenges faced by a particular island and investigate possible solutions that may be viable for that nation or territory given their specific policies and constraints. The initial offering will focus on waste in Jamaica, which is currently a significant problem for that country. Students will learn about the waste management system, major sources of waste on the island, current policies and solutions that are being investigated and develop initial proposals for business opportunities that may help with the problem.

4 credits

EPS3534 - SCHOLAR IN ACTION EXPERIENCE

SCHOLAR IN ACTION EXPERIENCE

EPS3534 SCHOLAR IN ACTION EXPERIENCE
2 General Credits


This 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

2 credits

EPS3536 - THE ENTREPRENEURIAL INNOVATOR

THE ENTREPRENEURIAL INNOVATOR

EPS3536 THE ENTREPRENEURIAL INNOVATOR
4 Advanced Management Credits


In the Entrepreneurial Innovator, transdisciplinary teams will identify multiple entrepreneurial innovation opportunities, through user engagement and extensive prototyping, over the course of three 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 three different clients, proxies for broader market segments. 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

4 credits

EPS3537 - SUMMER VENTURE CATALYST

SUMMER VENTURE CATALYST

EPS3537 SUMMER VENTURE CATALYST
4 Advanced Management Credits


The SVC provides students the opportunity to gain course credit for developing their startup during a summer program at Babson. This application-based elective will help founders learn skills and processes necessary to launch and run a successful startup that creates social and economic value simultaneously. Students accepted to the program are past the idea stage with their venture, and will accelerate its development to a pre-launch or beta test market phase during the course. The milestone driven curriculum will allow students to learn market research, market testing, business model development, go to market tactics, prototyping, financial analysis and forecasting, human resource and operations planning to their own venture. Students will learn how to apply systems thinking to decision making that supports integrated sustainability for the venture, its stakeholders and the community. In addition, communication and presentation skills will be honed over the course. Students who complete this program will learn functional skills but also the entrepreneurial capabilities to use ET&A along their entire startup journey. The course will take place over 10 weeks, beginning on May 18th and running until July 23rd (dates might shift a week tbd). Students in SVC will have access to focused mentorship, training, experts in residence and serial entrepreneurs, as well as a cohort of like-minded entrepreneurs with the common goal of developing high growth ventures. Students are expected to fully embrace the "give and get" model of the cohort and actively participate in group meetings, peer to peer mentorship, and skill building workshops. ** For Summer 2020 the program will be delivered virtually.

Prerequisites: None - new venture concept past the "Explore" stage

4 credits

EPS3540 - RAISING MONEY-VC AND PRIVATE EQUITY

RAISING MONEY-VC AND PRIVATE EQUITY

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

4 credits

EPS3541 - LAUNCH GROW YOUR EXISTING VENTURE

LAUNCH GROW YOUR EXISTING VENTURE

EPS3541 LAUNCH - GROW YOUR EXISTING VENTURE
4 Credits


This 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: mgale@babson.edu

Prerequisites: FME or (MOB1000 and MOB1010) and permission from instructor (application and interview-based)

4 credits

EPS3551 - ENTREPRENEURIAL FAMILIES

ENTREPRENEURIAL FAMILIES

EPS1215 ENTREPRENEURIAL FAMILIES
(FORMERLY FAMILY ENTREPRENEURSHIP AMPLIFIER)
4 General Elective Credits

**By Application only**

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.

Course meeting dates TBD

Prerequisites: FME or equivalent

4 credits

EPS3552 - ENTREPRENEURIAL FAMILIES PROJECT

ENTREPRENEURIAL FAMILIES PROJECT

EPS1217 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

2 credits

EPS3553 - ENTREPRENEURIAL FAMILIES PROJECT

ENTREPRENEURIAL FAMILIES PROJECT

EPS1218 ENTREPRENEURIAL FAMILIES PROJECT
(FORMERLYFAMILY 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.

Prerequisites: EPS3552

2 credits

EPS4505 - SF2 CONSULTING IN TECH ENTREPRENEURSHIP

SF2 CONSULTING IN TECH ENTREPRENEURSHIP

EPS4505 CONSULTING IN TECHNOLOGICAL ENTREPRENEURSHIP
4 General Credits


This variation of the MCFE course provides an excellent opportunity for students to apply the entrepreneurship/business principles that they learn in the classroom to real-world consulting projects. The students gain practical experience by solving actual business situations, dealing with all the ambiguity and uncertainty inherent in fast-moving technical organizations. Students also develop key skills in negotiation, group dynamics, organization, and planning. The San Francisco/Silicon Valley is one region where start-ups are ubiquitous and largely driven by new technology, new social media, and new digital solutions. This course offers students the opportunity to gain hands-on industry experience while working with professionals in this community. Teams of five to seven undergraduate students work as a consulting group for a sponsor company. The students meet with the managers of the company, agree on an issue to address, analyze the problem, and explore possible solutions. The project concludes with the team's formal recommendations and a presentation to the sponsor company.

4 credits

EPS4510 - ENTREPRENEURIAL FINANCE

ENTREPRENEURIAL FINANCE

EPS4510 ENTREPRENEURIAL FINANCE

(FORMERLY EPS3511)
4 General Credits


How 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.

This course is typically offered in the following semesters: Spring


Prerequisites: All SME Courses

4 credits

EPS4515 - AFFORDABLE DESIGN AND ENTREPRENEURSHIP

AFFORDABLE DESIGN AND ENTREPRENEURSHIP

EPS4515 AFFORDABLE DESIGN AND ENTREPRENERSHIP (ADE)
4 General Credits

**Students must be Juniors or Seniors to take this course

1.4 billion people live on less than $1.25 per day (The Millennium Development Goals Report, 2009). While the problems afflicting the poor are great, there is power in thinking small - how a simple, focused innovation can change an individual life, a personal choice or a system.

Affordable Design and Entrepreneurship (ADE) is an international, experiential social entrepreneurship and design course where students work in partnership with communities in India, Ghana, Morocco and Alabama to co-create and test innovation concepts and sustainable business models. The focus is on income generation and meeting daily human needs through new product and service design and development but the scope considers the cultural appropriateness of design choices and their impact on social venture success. This includes how design can impact the desirability and viability of innovations in different problem-opportunity contexts, examined in the innovation phases of observation, conception, strategic planning and implementation.

A joint offering by Babson and Olin College, the course integrates core elements of user-oriented collaborative design and engineering design with entrepreneurial opportunity shaping and venture strategy. Babson and Olin College students work collaboratively in cross-functional teams to exploit their respective expertise and strengths. Starting with ethnographic research, venture teams collaborate first-hand with local communities on focused issues to identify addressable problems and to evaluate and test potential innovation solutions. Mixing entrepreneurship and design pedagogies, the course takes a systems view considering how design choices in product/service design and business model design can enhance-or diminish-a social venture,s impact.

The course is run as a virtual firm where students work on distributed teams to develop social ventures by engaging with partner organizations, prioritizing programs, and setting and pursing goals while deploying modest amounts of seed capital. The course is time-intensive but rich and immersive. Students travel once per semester to partner sites to build relationships, learn about local culture, understand and map needs, identify stakeholders, perform experiments and tests, and collect information on local infrastructure and value chains.

Prerequisites: FME1000, Junior standing (students must be juniors or seniors to take the course)

4 credits

EPS4520 - SF2 SILICON TECHNOLOGY VENTURES

SF2 SILICON TECHNOLOGY VENTURES

EPS4520 SILICON VALLEY TECH VENTURES
4 General Credits


This course focuses on the process of applying ET&A and using action and reflection to better understand how technological innovation impacts business and venture creation. Our primary goal will be to develop an understanding of the key components of successful technology-based entrepreneurship. In addition to focusing on the action steps for developing a venture, we will also examine the concepts of design thinking, funding, and entrepreneurial ecosystems. The course is based in San Francisco, the epicenter of technology companies. This context offers a unique opportunity to gain a more experiential understanding of technology-based entrepreneurship.

4 credits

EPS4521 - VENTURE GROWTH STRATEGIES

VENTURE GROWTH STRATEGIES

EPS4521 VENTURE GROWTH STRATEGIES
4 General Credits


The course focuses on the opportunities and challenges involved in the management of growth in entrepreneurial settings, either in an individual company or as part of a larger corporation. Growth is the ultimate resource constrainer, stretching all systems in a company to the limit and often beyond. Consequently, this course will emphasize management _at the limit_ of what students may have already learned in other functional courses. It will provide students with a series of frameworks, analytical skills and techniques, and decision-making tools that can be used in growing entrepreneurial businesses.

The course relies on non-traditional, experiential learning methods in addition to the usual case-based method. While some classroom meetings will include case discussions involving growth-related issues, other classroom meetings will involve computer-based simulation exercises which are used by leading companies worldwide as an innovative training tool because of the rich experience it provides to participants. Guest speakers will provide further insight into the opportunities and challenges of growth.

The course is particularly useful to students who have interests in one or more of the following areas: (1) growing their own entrepreneurial companies, (2) managing the growth of existing companies in an entrepreneurial fashion by emphasizing innovation and opportunity capture in a dynamic environment, and/or (3) helping companies manage their growth through consulting assignments.

This course is typically offered in the following semesters: Spring


Prerequisites: None

4 credits