MBA in Entrepreneurship
The goal of the MBA in Entrepreneurship program is to teach you how to look at business entrepreneurship in an entirely new way. The learning process is designed to inspire and expand the way you approach business challenges and offers a curriculum designed to hone the skills of those who are currently - or aspire to be - an entrepreneur.
By enrolling in this program, you will take many of the traditional courses associated with a general MBA program. Additionally, there are courses that have been tailored to entrepreneurial development. Throughout the entrepreneurship program, you will learn practical skill sets from guest lecturers and esteemed professors—all who have run their own successful businesses.
By graduation, you will have acquired the expertise to create feasibility studies and business plans, participate as a team member in consulting assignments, and build a real-life portfolio. Ultimately, you will learn how to start a business, acquire an existing business, or run a division of a large corporation.
- All of the professors teaching in the Entrepreneurship Department have managed successful businesses. Learn management skills from a professor who has lived it.
- MBA core courses offered weeknights, alternating weekends or during the day on the main campus, alternating weekends on all other campuses, evenings in Miramar, and online. Entrepreneurship courses are offered weeknights on the main campus.
- Program can be completed in as little as 18 months.
- Program begins four times annually with starts in October, January, April, and July.
- An Entrepreneurship Certificate is also available.
For more information about the program, please contact:
Thomas M. Tworoger, DBA(954)262-51351-800-672-7223 ext. 25135
Curriculum Guide topTotal credits: 40
|ISM 5014||Information Technology Applications in Management Decisions|
|MGT 5020||Managing Organizational Behavior|
|QNT 5040||Quantitative Thinking|
|ECN 5050||Economic Thinking|
|ACT 5060||Accounting for Decision Makers|
|MKT 5070||Managerial Marketing|
|OPS 5095||Operations & Systems Management|
|MGT 5940||Entrepreneurship/Law & Ethics|
|MKT 5955||Internet Marketing and Social Networking|
|ENT 5960||Entrepreneurship/Venture Initiation|
|ENT 5981||Entrepreneurship Capstone|
|ENT 5990||International Trade for Entrepreneurs|
Course Descriptions top
Full-Time professionals are available to discuss the MBA in Entrepreneurship curriculum with you in greater detail. Simply call 800.672.7223 Ext. 25168 or contact our Enrollment Services Staff.
ISM 5014 Information Technology Applications in Management Decisions (3 cr.)
Information and communication technologies are essential tools in today's global business environment. They are also important to the development of innovative business models. This course explores the use of these technologies both to build innovative systems to gain competitive advantage and also to optimize operations for competitive advantage, particularly through the use of enterprise systems. The implementation and use of these systems to build strategic partnerships and customer relationships are also discussed. Prerequisites: For Day MBA students only, ISM 5103 is required.
MGT 5020 Managing Organizational Behavior (3 cr.)
Managing Organizational Behavior: Students will gain a working knowledge of how to manage personal, interpersonal, and group processes by developing their interpersonal skills to assume responsibility for leading and promoting teamwork among diverse stakeholders. Students will learn to manage individual and group behaviors in improving organizational productivity and performance. Through experiential learning, students will learn to integrate home, work, and educational observations and experiences and to convert them into proactive practical applications for growth and renewal in these diverse settings.
QNT 5040 Quantitative Thinking (3 cr.)
This course covers the techniques of problem solving, optimization and business modeling using the concepts of statistics and management science in a spreadsheet environment. The course focuses on that practical application of quantitative analytical techniques. Prerequisites: FINP 5008 and QNTP 5002 or equivalents.
ECN 5050 Economic Thinking (3 cr.)
Economic Thinking is a methodology that focuses on the role of incentives in the marketplace. The course reviews the components of markets, how markets function, factors that influence consumer and producer behavior, market structures, market power and the appropriate role of government in the marketplace. The second part of the course focuses on the measures of economic activity used to assess the impact of inflation, unemployment, economic growth, and exchange rates on the national and local economy. Prerequisites GMPF 5003 Or ECNP 5003 or ECON 2020 or ECN 2020.
ACT 5060 Accounting for Decision Makers (3 cr.)
Students will learn to reconsider accounting information for managerial decision making, and will then take this information and transform it into financial guidelines for deciding among capital ventures, product and service offerings, funding options, and budgets. Prerequisite: ACTP 5001, FINP 5008, and QNT 5040.
MKT 5070 Managerial Marketing (3 cr.)
Students will gain a working knowledge of marketing management by learning to think strategically and to develop marketing plans aligning marketing initiatives with market opportunities. Students will be able to implement the functional strategies and marketing plans to optimize customer and organizational value. Prerequisite: MKTP 5005 or equivalent.
OPS 5095 Operations & Systems Management (3 cr.)
This course focuses on services management in general and service operations in particular. It explores the elements that unite services, that differentiate service processes from non-service processes and that differentiate various types of services from each other. Customers generally participate in the service process, often with direct and uncensored interactions with employees and facilities. The resulting variations in demand present a challenge to the operations manager to use effectively the perishable service capacity. This results because production and consumption occur simultaneously and thus the inability to inventory services. The course covers strategic and tactical issues associated with designing and managing service operations. It provides tools to help assess operations, redesign processes, and establish systems to ensure an excellent customer experience. Student operations service learning experience is reinforced with case studies. Prerequisites: ECN 5050, FINP 5008 or equivalent, and QNT 5040.
Entrepreneurship Concentration Courses
MGT 5940 Entrepreneurship/Law & Ethics (3 cr.)
Legal aspects of Entrepreneurship including contract law, intellectual property law, arbitration, mediation, court proceedings, internet law, buy/sell agreements, and partnership agreements with case studies, and a legal feasibility project. Additionally, this course will examine ethical ramifications of Entrepreneurship within the Value Driven Management model.
MKT 5955 Internet Marketing and Social Networking (3 cr.)
Students will gain an entrepreneurial understanding of the processes, tools and planning steps required to develop enterprise-wide internet infrastructures that expand brand recognition, manage customer relationships, and enable e-commerce for online product distribution, supply chain management and in-house communications. Students will get hands-on experience developing websites as well as launching social media marketing, search engine marketing and select e-Commerce initiatives. A primary objective of the course is to acquaint students with the complexity and power of e-commerce and internet marketing so as to appreciate the resource commitment and decision making process for evaluating online vs. traditional infrastructures. The hands-on approach will reinforce this understanding for entrepreneurs that are seeking firsthand knowledge of the skills and resources required to launch e-Commerce and internet marketing initiatives.
ENT 5960 Entrepreneurship/Venture Initiation (3 cr.)
Introduction to Entrepreneurship with an emphasis on the employment process, managing growth, and the legal environment using the case-study method, guest speakers and feasibility plan software.
FIN 5970 Entrepreneurship/Finance (3 cr.)
Developing the business plan, capital formation, valuation, and financial management using the case-study method, guest speakers, and business plan software. Prerequisites: FINP 5008 or equivalent and ENT 5960.
ENT 5981 Entrepreneurship Capstone (4 cr.)
Lean process improvement, operations management, inventory control, and change management using the case-study method, and guest speakers. Student teams will be assigned lean consulting work at selected businesses in the community. Prerequisite: FIN 5970
ENT 5990 International Trade for Entrepreneurs (3 cr.)
This course provides students with key concepts and skills to identify international opportunities/threats, analyze their impact, formulate appropriate strategies and implement applicable action plans to achieve company goals. The course will help students understand today's competitive global environment, marketing, finance, and policy. The course examines legal, logistical, organizational and cultural issues.
Foundation Course Descriptions top
ACTP 5001 Introductory Accounting (3 cr.)
An accelerated introductory course stressing the essential elements of accounting skills that will be used in the master's degree program. Managerial uses of accounting data and preparation of financial statements will be covered in this course. Course satisfies program prerequisite of financial accounting for master's degree programs. This course is not financial aid eligible if taken by itself. Students must be taking an aid eligible course from their degree program with this course in order to receive financial aid.
QNTP 5002 Introductory Statistics (3 cr.)
This course satisfies the prerequisite of statistics for master's degree programs. The concepts of statistical notation, probability are covered as well as the principles of estimation using the central limit theorem. This course is not financial aid eligible if taken by itself. Students must be taking an aid eligible course from their degree program with this course in order to receive financial aid.
ECNP 5003 Introductory Economics (3 cr.)
This course is designed to provide the students with a solid foundation in the basic concepts of economics. The course will introduce students to the analytical approaches and methods used in the economics by applying them to examine current economic issues. The discussion will begin with an overview. The structure will follow a traditional entry level course in economics. Much of the discussion will consider markets and how they determine what is produced and how it is allocated. Also, attention will be devoted to evaluating market outcomes and thinking about remedies to problems that markets cannot solve. Also considered will be how aggregate economic activities are measured, and the role of fiscal and monetary policies in determination of national income. This course is not financial aid eligible if taken by itself. Students must be taking an aid eligible course from their degree program with this course in order to receive financial aid.
MKTP 5005 Introductory Marketing (3 cr.)
This is a survey of the essentials of marketing. Covers the nature of marketing and its environment, selecting target markets, marketing research, customer behavior, and forecasting sales. Emphasis on marketing strategy planning. Course satisfies the program prerequisite of marketing for master's degree programs. This course is not financial aid eligible if taken by itself. Students must be taking an aid eligible course from their degree program with this course in order to receive financial aid.
FINP 5008 Business Finance (3 cr.)
A survey of the essentials of finance and its environment. Financial management as it applies to organizations, ratio analysis, leverage, working capital management, capital budgeting, capital structure, and other concepts as they apply to business organizations. Course satisfies program prerequisite of finance for master's degree programs.
Advisory Board - MBA in Entrepreneurship top
Chances are that you've studied from a text written by one of our faculty members. Perhaps you have read about the recognition they and our alumni have received from the national and global business communities. As a student at the H. Wayne Huizenga School, you will interact with professionals who both teach and advise. An important group of professionals who guide our programs is represented by our Advisory Group.
Recognized entrepreneurs, these individuals dedicate their time and attention to ensure that the MBA in Entrepreneurship remains highly innovative and responsive to the needs of today's professionals. While membership on the Advisory Board changes, those members have included:
Former CEO of Alamo Rental Car who successfully sold Alamo to Wayne Huizenga's Auto Nation. Currently serves as a senior consultant to ANC Rental.
Co-founder of SafeCard Services, Inc. the national largest credit card services company. Steve guided SafeCard from its start-up to its listing on the NYSE. Currently involved in various real estate developments, private investments, and CEO of The Reunion Group.
Co-founder of City Furniture, a $170 million premier South Florida retail furniture company.
Mr. McKinney is currently a founding partner of Watershed Capital LLC - a $50 million private equity fund which invests in technology startups. He previously founded International Network Services (1991) based in Sunnyvale, California and served as chairman until its sale to Lucent Technologies for $3.7 billion in 1999. This was Mr. McKinney's fourth successful start-up. The success of INS was directly linked to his experience building successful new ventures.
From bank teller to vice president and managing executive of South Florida's most prestigious bank, Northern Trust.
CEO and partner with his brother in one of South Florida's premiere construction companies.
Attorney and owner of his own firm specializing in high-end residential properties and commercial lease and property acquisition.
CFO of Renaissance Cruises. Instrumental in the sale of Precision Response, a public company.
Dealer with his brother for Ferrari, Jaguar, Porsche, and Range Rover. Dealerships are located in Fort Lauderdale, Naples and Fort Myers.
Partner in Keefe, McCullough, a large regional public accounting firm. Specializes in tax, investment, and acquisitions.
President and publisher of the Chicago Tribune. Represented the Tribune's interest in AOL from 1991 until 1999.
Former President and CEO of four Kenworth truck locations rated number one in sales and first U.S. dealer to sell Japanese medium duty trucks. Member of NSU faculty.
For more information about the program, please contact:
Thomas M. Tworoger, DBA(954)262-51351-800-672-7223 ext. 25135
The Halmos Entrepreneurship Certificate of Excellence top
The Halmos Entrepreneurship Certificate of Excellence is designed to encourage academic excellence as well as achievement in entrepreneurial activities outside the classroom.
- A minimum of a 3.75 grade point average for all entrepreneurship courses.
- Students must participate in at least one business plan competition. The competition must be pre-approved by the Director of the Entrepreneurship Program.
- Students must submit an original idea to their employers to address one of the following:
- To improve service
- To Increase profits
- To reduce expenses
Proposals that have been accepted and approved by the respective employers must be submitted and approved by the Director of the Entrepreneurship Program. Students that are not employed may use an organization that is accepted by the Director.
- At graduation qualified students will receive a certificate signed by the Dean and the Director of the Entrepreneurship Program.
- The names of the award recipients will be placed on a plaque prominently displayed in the Carl DeSantis' building at the H. Wayne Huizenga School of Business and Entrepreneurship.
- Press releases with the names of the award winners will be issues to local newspapers each term. Home-town newspapers for out of town students will be notified when applicable.
Newspaper Clippings top
Schools of business at some of South Florida's public and private universities offer programs in entrepreneurship for students in a variety of disciplines, and a few cater to business owners as well.
The 30-year-old H. Wayne Huizenga School of Business and Entrepreneurship at Nova Southeastern University uses active business owners as faculty, said Thomas M. Tworoger, DBA, who runs the program.
In addition, he said, many permanent faculty members have private-sector experience.
"We not only teach how to analyze companies," he said, "but also management skill sets."
Students in the program tend to fall into one of four categories, Dr. Tworoger said - those who want to be entrepreneurial in a large corporation, those who will one day run a family business, those who want to start a business or those who hope to acquire one.
The Huizenga School runs interdisciplinary programs that teach student and other professional school how to run their own businesses.
"To them, we can deliver the basics such as how to buy insurance, and what the labor laws are." Dr. Tworoger said.
Within six months, Florida international University's Center for Global Entrepreneurship, Leadership & innovation plans to introduce courses aimed at businesspeople in conjunction with local chambers of commerce, said Executive Director Alan Carsrud.
FIU offers a concentration in entrepreneurship in its evening master of business administration program, he said. Campus courses are open to students in all disciplines.
The center's offerings, Mr. Carsrud said, include programs about how to go public, how to reach venture capitalists, how to set up boards of directors and corporate governance.
"We plan a series of research studies about improving the environment for entrepreneurial ventures," he said.
Also, Mr. Carsrud said, FIU is involved in ongoing talks with Nova Southeastern University and the University of Miami to set up a regional biotechnical business incubator.
The Adams Center for IT Entrepreneurship & Venture Capital at Florida Atlantic University was founded a couple of years ago, said Assistant Director Bob Keltie, with a $2 million grant from FAU graduate Scott Adams, "who did very well in the dot com boom."
The center's business curriculum is the same one that has been taught by the business school for years, he said.
"These are senior-level elective courses open to degree-seeking students from any discipline," he said, "but ideally, we would like them to have completed all the core courses - accounting, finance, marketing, international business and management."
Students work with faculty and researchers to become aware of lab-to-market potential, Mr. Keltie said.
Enterprise Development Corp. of South Florida manages a business incubator in a business park next to FAU.
To be eligible to lease a space in the incubator, said Executive Director Jane Teague, businesses must form a relationship with FAU and use students as interns or faculty on their advisory boards.
"There are six companies that physically reside in the incubator," she said, "but we assist close to 200 a year through our mentoring program."
The 15-hour mentoring program, which is free, is structured as a clearinghouse to make introductions between fledgling entrepreneurs and local business leaders, she said, "and it's up to them."
Ms. Teague said Enterprise Development is a partner in a $30 million state grant awarded to three Florida universities to develop a "center of excellence" specializing in biomedicine and marine biotechnology.
The University of Miami offers a concentration in entrepreneurship in its School of Business, said Phil Needles, a lecturer of entrepreneurship.
In addition, he said, UM last year inaugurated a competition to give students more practical experience in entrepreneurship. Contestants write and present business plans for actual ventures they hope to pursue. After evaluation by panelists from the business community, he said, three monetary prizes and some honorable mentions are awarded.
Monday, March 15, 2004
South Florida entrepreneurs are teaming with universities to encourage the entrepreneurial spirit.
At Florida Atlantic University, graduate and entrepreneur Scott Adams lends his name and money to The Adams Center for IT Entrepreneurship and Venture Capital.
This spring, The Adams Center is again sponsoring a business plan competition. Students, faculty and anyone who wants to work with students and faculty at FAU can compete for up to $10,000 in a business plan competition this spring.
The 2004 competition is being funded by another entrepreneur, David Nicholson, who founded the investment York Management and Research Inc. in Jupiter. Nicholson is also a major backer of Junior Achievement.
Applicants have the resources of The Adams Center available to them. They also are given a mentor from the private sector. The business plans are reviewed by judges, who include venture capitalists.
Deadline for submission to FAU's competition is March 22.
FAU's competition is one of several for business plans held at universities around Florida.
At Florida International University in Miami, Fort Lauderdale entrepreneur Howard Leonhardt is challenging students to be entrepreneurial.
Howard Leonhardt, founder of Fort Lauderdale-based Bioheart Inc., gave $100,000 to FIU to underwrite its competition and prizes. The two grand prizes are worth $25,000 each.
The Howard J. Leonhardt New Venture Challenge is limited to FIU students. Teams already have been assembled and the list of finalists is due out soon.
Nova Southeastern University in Davie doesn't have a business plan competition, but does urge its students to be "intrapreneurial," using entrepreneurial creativity within the companies for which they work.
Students are competing this year for the "Halmos Certificate," named after Fort Lauderdale entrepreneur and university donor Steve Halmos, who co-founded the credit card services firm SafeCard Services.
Thomas M. Tworoger, DBA, who teaches an entrepreneurship class at Nova, says the students with a concentration in entrepreneurship are eligible for the certificate if they achieve at least a 3.75 in six courses, submit a business plan and implement an idea for a company or organization that makes or saves money.
Tworoger says Halmos has visited his class, which brings the students' entrepreneurial studies to life. "It's great to have people in the community involved with us," he says.
Whether you're a student or a budding entrepreneur, writing a business plan is an important learning process.
Too often people write business plans that don't address the "unique selling proposition" of their product or service, says Bob Keltie, assistant director of FAU's Adams Center.
Winners of last year's competition at FAU said the prize and the resources available to them -- particularly the free rent in the incubator on campus -- has helped them get off to a running start.
Gustavo Pospischel and Juan Pablo Giangapero were both graduating MBA students at FAU last August when they won FAU's 2003 business plan competition. In November, the graduates went into business together providing computer network security.
Today, Owl Digital Security -- named after FAU's Fighting Owls -- is only a few months old, but it already has three employees.
Marcia Heroux Pounds can be reached at email@example.com or 561-243-6650