Upload
walker-college-of-business
View
218
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Annual report for the Center for Entrepreneurship within Walker College of Business at Appalachian State University.
Citation preview
2008-2009 Annual Report
Appalachian State University
CENTER for ENTREPRENEURSHIP
The mission of the Center is to provide opportunities for students all across
campus at Appalachian State University to learn about entrepreneurship
through expanded educational offerings and experiences where they can interact
with entrepreneurial organizations in the region and around the world.
Dear Friends of Appalachian State’s Center for Entrepreneurship,
The 2008-2009 academic year was another banner year for the Center for Entrepreneurship
thanks to the strong support of Appalachian State leadership, faculty and staff and an
enthusiastic group of alumni and business owners who are always there when we need them.
Existing programs continued to grow, supporting not only future business owners and social
entrepreneurs on campus, but community members throughout the region. Both the Carole
Moore McLeod Entrepreneur Summit and the Young Entrepreneurs Symposium had record
attendance. We expanded our successful Start Your Own Business workshops to Ashe and
Burke counties. 76 Appalachian State students travelled abroad as part of international
entrepreneurship courses. The Center also supported a number of new initiatives including the
Realizing Green Business Opportunities Conference, the Dale Tweedy Mentoring Program for
Entrepreneur Scholars, the Student Entrepreneur of the Year Award and the freshman
Appalachian Entrepreneurs Community. When combined with academic programs that served
more than 550 students, Appalachian State’s entrepreneurship initiatives directly impacted
more than 2,000 students, faculty and community members during 2008-2009!
The year also saw some personnel changes. Ged Moody served as Appalachian State’s first
Entrepreneur in Residence in the Department of Management. James Perez was hired as a full-
time summer student intern. Richard Stroupe, CEO of TRS Consulting, joined our advisory
board. We have also invited three new board members to join us for 2009-2010: Grace
Palacios Will, CEO of Publicitas Americas, Alfred Glover, Owner, Boone Ford Lincoln
Mercury and Jill Sparks, Director of the Small Business Center at AB Tech.
We could not do this without your support, particularly in these challenging economic times.
We need your ideas, your time, and most importantly your help in securing financial resources
to insure that we can continue to deliver the quality programs that are so important to our
students and the economic health of our region.
Let’s all work together to continue to support the entrepreneurs of tomorrow.
Regards,
Bryan Toney
Director, Center for Entrepreneurship
2
Student and Community Development
500+ attendees and 50 speakers participated in the 7th Annual Carole Moore McLeod
Entrepreneur Summit, October 24, 2008.
Record numbers of students, faculty and community members participated in the Young
Entrepreneurs Symposium (sponsored by Backyard Burgers). 350+ attendees heard from
7 young entrepreneurs on April 1, 2009.
230+ attendees and 30 vendors were present for the Realizing Green Business
Opportunities Conference on February 24, 2009. The conference was sponsored, funded
and developed by the Center for Entrepreneurship. Ged Moody was a keynote speaker.
The High Country Global Opportunities Conference (co-sponsored with AIESEC) had
200+ attendees on October 10, 2008. Julia Rowland spoke at the conference. The Center
for Entrepreneurship provided funding.
Start Your Own Business Workshops – 75 community members registered to attend three
different workshop series that were delivered in Watauga, Burke and Ashe counties by
Bryan Toney, Julia Rowland, Dr. Ben Powell and Dr. Mark Pruett.
Rural Entrepreneurship Outreach Program – We began work on Z. Smith Reynolds
Foundation supported regional outreach programs in Caldwell, Wilkes, Ashe and Mitchell
counties. The Center is partnering with Wilkes Community College, Caldwell Community
College and Technical Institute and Mayland Community College plus local chambers of
commerce and economic development officials.
Martha Guy Summer Institute for Future Business Leaders – Bryan Toney coordinated
the entrepreneurship and international business portions of this program for rising high
school seniors in July, 2008.
Small business consulting – Julia Rowland and Bryan Toney consulted frequently with
members of the regional business community.
Other regional and statewide economic development activities – Bryan Toney and Julia
Rowland worked with the NC Department of Commerce, AdvantageWest Economic Devel-
opment Group, UNC-GA, Appalachian Enterprise Center, High Country Business Network,
ARDI, Small Business and Technology Development Center, regional community colleges,
economic developers, workforce development agencies and others.
The Center for Entrepreneurship has experienced tremendous growth and success in 2008-2009.
It has achieved much recognition on campus and throughout the region for an innovative,
growing array of entrepreneurship initiatives. More than 2,000 students, faculty and
community members participated in entrepreneurship academic and co-curricular activities
supported by the Center for Entrepreneurship in 2008-2009.
3
Accomplishments
The 7th Annual Carole Moore McLeod Entrepre-
neur Summit was held on Friday, October 24,
2008. More than 500 students, entrepreneurs and
community members participated in the Summit.
Business owners from all over the SE United States
shared stories and participated in panel discussions
on adventure sports, agricultural industries, alterna-
tive energy, non-profits, family businesses, women
in entrepreneurship, music industries, hospitality &
tourism, green industries, customer service, start-up
challenges, exit strategies, marketing strategies and
resources for small businesses and start ups.
Dale Tweedy Mentoring Program for Entrepreneur Scholars – 10 students were matched with
seasoned entrepreneurs for year long mentoring experiences in 2008 - 2009. Students came from a
variety of backgrounds, including appropriate technology, hospitality and tourism, finance and banking,
sustainable development, industrial design, economics, and recreation management. 17 students will
participate in 2009-2010.
Juicy Ideas Creativity Competition – The Center for
Entrepreneurship worked with AdvantageWest Economic
Development Group to organize the regional Juicy Ideas com-
petition in 2008. The competition was organized as a way to
encourage entrepreneurship and communicate a message of
environmental responsibility. A team of students from ASU
comprised of Justin Henry, Spencer Price, Ryan Klinger and
Andrew Drake won the regional and national Juicy Ideas
Contest for a bicycle they created from plastic drink bottles.
The team traveled to the Collegiate Entrepreneurs Organiza-
tion Conference in Chicago with Julia Rowland, advisor for
the Association of Student Entrepreneurs, as part of the
regional award. The team later traveled to the Google Head-
quarters in California to claim the national prize.
Pitch Your Idea in 90 Seconds (sponsored by Mission House
Creative) – October 24, 2008. Four students claimed top prizes at
the Pitch Your Idea in 90 Seconds contest sponsored by Mission
House Creative on October 24. More than 200 students from all
across campus submitted ideas and 20 were selected to make 90
second presentations in front of 37 judges. 1st Place with a
$1,000 prize went to Derrick McGinnis with his business idea for
"Pops’ Bees". 2nd Place with a $500 prize went to Rob Qualheim
for his business idea for "I'm Home". 3rd place with a $250 prize
went to Jaron David Strom for his idea "Trade Your Birthday", a non-profit business. A best
presentation award with a $250 prize sponsored by CentDev Properties went to Morgan Mayer for her
idea, "Indulge Chocolate Bar Café”.
Programs
4
Student Entrepreneur of the Year Award – A $2,500
scholarship was awarded April 1, 2009 to Eric Christianson
Cornwall, a sophomore majoring in management with a
concentration in entrepreneurship. The award was presented in
front of more than 350 ASU students, faculty, staff and
community members during the 2009 Young Entrepreneurs
Symposium. This competition was geared towards ASU
students who have started businesses, on-campus programming,
new clubs and organizations, and/or community service projects,
and to honor exceptional entrepreneurial achievement.
Realizing Green Business Opportunities - More than 230
community members, business owners, academics, renewable energy experts and students gathered in
the ASU Plemmons Student Union’s Blue Ridge Ballroom on February 24 for the Realizing Green
Business Opportunities information and networking event, hosted by the ASU Center for Entrepreneur-
ship. The event included presentations, networking sessions, and more than 30 booths from local
businesses, business incubators and community organizations that are part of the local green economy.
The intent of the event was to provide students and local community members with two areas of
information: A solid understanding of the technologies involved in going green, and how owners and
their businesses can position themselves to take part in this green economy, including identifying the
local resources available to assist.
Association of Student Entrepreneurs Club – Julia Rowland served as the advisor. 14 students
traveled to the Collegiate Entrepreneurs Organization
(C-E-O) Annual Conference in Chicago,
November 6-9, 2008. The ASE club also hosted guest
speakers at each club meeting, toured a vineyard, and
visited entrepreneurs in their workplace.
Appalachian Entrepreneurs Community – Julia
Rowland and Dr. Mark Pruett developed and managed the
inaugural entrepreneurship freshman living/learning
community. 3 of the freshman have been accepted in the
2009 - 2010 Dale Tweedy Mentoring Program for
Entrepreneur Scholars.
One-on-one student advising and consulting – Julia Rowland and Bryan Toney consulted with
numerous students and community members throughout the year.
Programs
Accomplishments
5
"The Dale Tweedy Mentoring Program for Entrepreneur Scholars was one of the top two
most beneficial programs of my entire college career."
- Marshall Costner, Building Science major, „09
Accomplishments
Consortium for Small
and Medium Sized
Enterprises and Entre-
preneurship Education
(SMEEE) – Bryan Toney
continued to serve as
Campus Director for this
FIPSE grant funded
program that has sent
more than 130 ASU
students, faculty and staff
abroad to date. He hosted
16 faculty and staff
members from the five partner institutions
for a SMEEE Consortium meeting in
Boone, March 25-29, 2009.
International faculty/staff exchanges –
Center staff members coordinated relation-
ships with 5 institutions – Universite
Catholique de Louvain, University of
Alicante, University of Bamberg,
Vorarlberg University of Applied Sciences,
and European University of Madrid. 6 ASU
faculty/staff traveled abroad a total of 8
times in 2008-2009 as a result of these
relationships. Bryan Toney taught a short-
course, Strategic Management of Startups,
at the Universite Catholique de Louvain in
February, 2009.
The Power of E – An introduction to entrepreneurship freshman course developed and led by Dr.
Mark Pruett and Julia Rowland.
Research support – The Center provided research support to Dr. Mark Pruett and Dr. Rachel Shinnar.
Academic program support and student recruiting – Approximately 573 students enrolled in ASU
entrepreneurship classes in 2008-2009, up from approximately 200 in 2006-2007.
Academic Programs
International Entrepreneurship
6
“There are only a few choices that I have made in my life that I can look back on and say have
significantly changed my life… and one was my decision to apply for MGT 3190
International Entrepreneurship (Belgium).”
- Kathleen Watts, Health Care Management major, „10
I n t e r n a t i o n a l
e n t r e p r e n e u r s h i p
courses - 76 ASU
students participated in
international entrepre-
neurship courses that
included travel abroad
to 4 different countries
in 2008-2009. The
Center for Entrepre-
neurship helped staff 3
of those courses to
Spain, Austria and
Belgium and also coordinated visits from
overseas partners to Boone for 31 students
and faculty members from Spain and Bel-
gium. Here are the courses delivered in
2008 - 2009:
BUS 3545 - International Entrepreneurship,
Spain (Summer 2008, Dr. Joseph Cazier)
MGT 3190 - International Entrepreneur-
ship, Spain (Fall, 2008, Bryan Toney)
MGT 3190 - International Entrepreneur-
ship, Austria (Fall, 2008, Dr. Mark Pruett
and Julia Rowland)
MGT 3190 - International Entrepreneur-
ship, Belgium (Spring, 2009, Bryan Toney
and Julia Rowland)
MGT 3550 - Social Entrepreneurship in
Brazil (Spring, 2009, Dr. Jerry Fox)
Awards & Recognitions
Bryan Toney received Appalachian State’s W.H. Plemmons Leadership Medallion
at Fall Convocation on September 4, 2008.
Julia Rowland received a 2009 Outstanding Customer Service Award from the
Boone Chamber of Commerce on April 20, 2009.
Julia Rowland received the 2009 Women of Influence Award from the ASU’s
Women’s Center on April 30, 2009.
Bryan Toney appeared on Chancellor Ken Peacock’s Appalachian Perspective tele-
vision show which aired in January-March 2009.
Julia Rowland was interviewed by UNC-TV for the Juicy Ideas competition for Western North
Carolina.
Julia was also asked to speak on Roseanne Peacock’s weekly
MTN TV show to talk about the Juicy Ideas competition and
the Center for Entrepreneurship.
Julia Rowland also appeared on the High Country Mom Squads’
MTN TV show called “Mompreneurs”, which was geared toward
giving mothers advice for starting their own home-based business.
Bryan Toney Entrepreneur in Residence Search Committee
Entrepreneurship at Appalachian State Initiative Steering Committee
Intellectual Property Development Advisory Council
Advisory Council on Centers and Institutes
UNICOM
UNC Economic Transformation Council
ASU Community Web Portal Committee
Small Business and Technology Development Center Statewide Advisory Board
Small Business and Technology Development Center Regional Advisory Board
Julia Rowland Mitchell County Certified Entrepreneurial Community Leadership Team
Country Council of Governments Youth Council
High Country Council of Governments Workforce Development Board
Leadership Team for the Department of Housing and Residence Life’s Appalachian Entrepreneurs
Community
Entrepreneurship at Appalachian State Initiative Steering Committee
Service Activities
7
Renewable Energy Business Incubator – proposal submitted to ASU Energy Center for
$100,000 to launch incubator in the Appalachian Enterprise Center
Entrepreneurship internship program - high unmet demand from students and regional
businesses
Expanded regional community workshops (throughout the eight county High Country
Region)
Student-run businesses – numerous ideas and discussions with colleagues across campus
Fee-based workshops and conferences – e.g. Family Business Forum scheduled for October,
2009
Outreach to regional middle and high schools and coordination with regional community
colleges
Social entrepreneurship and sustainable development initiatives - working with colleagues
across campus and throughout WNC
Possible campus-wide business plan competition
Possible Alumni Entrepreneur Hall of Fame to recognize outstanding alumni entrepreneurs
Increased support for and integration with other campus units – e.g. Appropriate
Technology, Sustainable Development, Public Administration, Art, Music Industry Studies,
Industrial Design, Computer Science, Recreation Management, Interior Design and more
Faculty workshops – e.g. entrepreneurship, tech transfer, innovation
More off-campus marketing and promotion to encourage broader participation in
co-curricular programs, particularly from students and businesses throughout the region,
East TN and SW VA
Possible First Year Seminar course with international component
International Mentor Exchange – potential partnership with University of Arrhus, Denmark
to swap students and mentors (building on Dale Tweedy Mentoring Program for
Entrepreneur Scholars)
Future Plans and Opportunities
8
Center personnel and Department of Management faculty members participated in a number of
conferences and workshops in 2008-2009:
Dr. Rachel Shinnar attended the Entrepreneurship Boot Camp, Chapel Hill (Kauffman foundation
sponsored conference on researching minority and female entrepreneurship) July 7-10, 2009.
Julia Rowland and Dr. Mark Pruett attended the Social Entrepreneurship Education Consortium
(SEEC) Conference in Denmark, July 8-10, 2008.
Bryan Toney attended a meeting of the Atlantis Mobility Directors Conference (Fund for
Improvement of Post-Secondary Education, U.S. Department of Education) in support of the
SMEEE Consortium in Brussels, Belgium on October 25-28, 2008.
Bryan Toney and Julia Rowland attended the Global Consortium of Entrepreneurship Centers
conference in Tucson, Arizona, Oct 2-5, 2008. Bryan Toney also participated in a panel discussion
on International Entrepreneurship at the conference.
ASU entrepreneurship faculty members authored or co-authored numerous journal publications,
proceedings and presentations in 2008-2009:
Pruett, M., Powell, B., & Toney, B. (2008). Catalyzing Regional Entrepreneurial Activity: Self-Efficacy,
Entrepreneurial Intentions, and Venture Outcomes. Paper presented at the International Council for
Small Business World Conference, Halifax, Nova Scotia
Pruett, M., & Winter, G. (2008). Entrepreneurial Share Relationships: Initial and Evolutionary
Determinants. Paper presented at the International Council for Small Business World Conference,
Halifax, Nova Scotia.
Bendoly, E., Bachrach, D., and Powell, B. C. 2008. “The role of operational interdependence and
leadership experience on the perceptions of resource planning systems.” Production and Operations
Management 17(1): 93-106.
Tang, Z., Powell, B. C., Marino, L., Tang, J., & Dickson, P. (2008). The impact of organizational goal
setting on the industrial munificence-goal attainment relationships International Journal of Business and
Management, 3(3), 107-124.
Tang, Z., Powell, B. C., Marino, L., Tang, J., & Dickson, P. (2008, January). The impact of
organizational goal setting on the industrial munificence-goal attainment relationships for SMEs, United
States Association for Small Business and Entrepreneurship, San Antonio, Texas.
Powell, B.C. “Equity carve-outs as a technology commercialization strategy: An exploratory case study
of Thermo Electron’s strategy.” Preparing for 3rd review at Technovation.
Proceedings, Publications and Presentations
Conference and Workshop Participation
9
Proceedings, Publications and Presentations
Shinnar, R.S., Cardon, M. S., Eisenman, M., Solis Zuiker, V. & Lee, M. (In Press). Immigrant and U.S.
born Mexican owned businesses: Motivations and management. Journal of Developmental
Entrepreneurship (expected publication late 2009).
Shinnar R. S., Pruett, M., & Toney, B. (2009). Entrepreneurship education: Attitudes across campus.
Journal of Education for Business, 84(3), 151-158.
Cardon, M. S., Shinnar, R. S., Eisenman, M., & Rogoff, E. (2008). Segmenting the population of entre-
preneurs: A cluster analysis study. Journal of Developmental Entrepreneurship, 13(3), 293-314.
Jones, S. A., zu Knyphausen-Aufseβ, D., Toney, B., Shinnar, R., Janssen, F., & Denslow, D. (2008).
Teaching international entrepreneurship through student exchange: Observations, obstacles and
recommendations. Journal of Entrepreneurship Education, 11, 99-115.
Shinnar R. S. & Young, C. A. (2008). Hispanic immigrant entrepreneurs in the Las Vegas metropolitan
area: Motivations for entry into, and outcomes of, self-employment. Journal of Small Business
Management, 46(2), 242-262.
Shinnar, R. S., Cardon, M. S., Eisenman, M., Zuiker-Solis, V. & Lee, M.S. (2008). Mexican immigrant
and Mexican-American owned business: Motivations, management and success. Academy of
Management Meeting (Entrepreneurship track), in Anaheim, CA.
Pruett, M., Shinnar, R., Toney, B., Llopis, F., & Fox, J. (2009) Explaining Entrepreneurial Intentions of
University Students: A Cross-Cultural Study International. Journal of Entrepreneurial Behaviour and
Research, 15(6).
O'Neal, D., & Pruett, M. (2009). Longevity, the Fundamental Mission? SMEE Review, 2(1), 8-12.
Giacomin, O., Janssen, F., Pruett, M., Shinnar, R., & Toney, B. (2008, October). Comparative Study on
entrepreneurial interest in universities: An international analysis. Paper presented at the annual meeting
of the Academy of International Business-Southeast Conference, Academy of International Business,
St. Petersburg, FL.
Dyer, J. H., Powell, B. C., Sakakibara, M., & Wang, A.J. “Determinants of success in R&D alliances.”
Under 2nd review at Strategy Management Journal.
Powell, B. C. (2008, January). The rise and fall of Thermo Electron's carve-out policy: Why it failed and
how it could work, United States Association for Small Business and Entrepreneurship, San Antonio,
Texas.
10
Center Funding
Private donations, grants and grant proposal activity for the
2008-2009 academic year
The Center has continuing needs for more space and personnel based on growing student demand for all
of the Center’s initiatives. We created six new initiatives in 2008-2009 that will likely continue in years
to come, so the need is even more compelling than last year.
We are continuing to seek permanent funding. While we have been successful in getting some grant
funding and additional private donations, the Center needs permanent funding to pay for baseline
operations, ideally through a multi-million dollar donation for naming rights.
New funding commitments in 2008-2009:
Allen Family Study Abroad Scholarships - $50,000 was committed for scholarships to support
short-term study abroad experiences. It is expected that ten $1,000 scholarships will be awarded each
year for the next five years. Two young former students, Chester and Clayton Allen and one current
ASU student, Sam Allen, made this gift possible through the Shore Foundation.
Appalachian Regional Commission – $25,000 was received to support bringing the Extreme
Entrepreneur Tour to other schools in the Appalachian Region.
Z. Smith Reynolds Foundation - $50,000 was received to support entrepreneurial outreach in
northwestern North Carolina.
U.S. Department of Education Fund for the Improvement of Post Secondary Education - $46,192
has been committed over a four year period to support student and faculty exchanges to universities in
Belgium, Spain and Germany.
Private giving – The Center for Entrepreneurship received $63,500 in new gifts and pledges.
Total new funding in 2008-2009: $234,692
Other proposals submitted:
Rural Entrepreneurship Acceleration Program - $1,097,556 federal appropriations request
ACT UP! - $800,000 National Science Foundation CPath proposal was submitted with the Department
of Computer Sciences in April, 2009
Business Incubation Program for Emerging Renewable and Sustainable Energy Business Activity - $100,000 proposal submitted to the ASU Energy Center
Business Incubation Program for Emerging Renewable and Sustainable Energy Business Activity – An expanded $340,000 version of the same proposal submitted to the Energy Center
11
“The Appalachian Entrepreneurs Residential Learning Community and First Year Seminar has been
one of the funnest experiences I have ever had and I think this community should continue to help
freshman make a friendly base when they start college.” - Freshman RLC student, „12
Bobby Martin
Former President, First Research, Inc.
Raleigh, NC
Allen Peterson
CEO, Hospitality Mints LLC
Boone, NC
Joseph Miller
COO, Cheap Joe’s Art Stuff
Boone, NC
Bill Parrish
Regional Director, SBTDC
Hickory, NC
Randy Edwards
Dean, Walker College of Business
Appalachian State University
Boone, NC
Russ Yelton
Director, ABTech Small Business Center
and Business Incubator
Candler, NC
Richard Stroupe
President, TRS Consulting Inc
Reston, VA
Jeff Reid
Director of Entrepreneurship and Real
Estate Initiatives, McDonough School of
Business, Georgetown University
Washington, DC
Robin Gagnon
Co-owner, WeSellRestaurants.com
Marietta, GA
Steve Allen
President, A3 Technologies, Inc.
Charlotte, NC
Paul Thompson
CEO, Transportation Insight, LLC
Hickory, NC
Brian Easter
CEO, NeboWeb, LLC
Atlanta, GA
Dale Tweedy
Partner, CentDev Properties LLC
Cornelius, NC
Mark Van Arnam
CEO, American Emergency Vehicles
Jefferson, NC
Jim Roessner, President
Mission House Creative
Raleigh, NC
Carole McLeod
Former President, New South Waste
Waxhaw, NC
Mark Pruett
Assistant Professor, Department of Management
Walker College of Business
Appalachian State University
Boone, NC
Kelly Penick
President, Association of Student Entrepreneurs
Walker College of Business
Appalachian State University
Boone, NC
Bryan Toney
Director, Center for Entrepreneurship
Walker College of Business
Appalachian State University
Boone, NC
Center for Entrepreneurship Advisory Board
12
Staff
Bryan Toney
Director
Center for Entrepreneurship
828.262.6196
Julia Rowland
Assistant Director
Center for Entrepreneurship
828.262.8325
Kelly Penick
Student Assistant and President, Association
of Student Entrepreneurs Club
www.aseatappstate.com
Faculty Members
Dr. Mark Pruett
Assistant Professor
Department of Management
828.262.7341
Dr. Ben Powell
Assistant Professor
Department of Management
828.262.8332
Ged Moody
Entrepreneur-in-Residence
Department of Management
Center for Entrepreneurship
Walker College of Business
Appalachian State University
1016 Thelma C. Raley Hall
ASU Box 32089
Boone, NC 28608-2089
www.entrepreneurship.appstate.edu
13