Pace University's Entrepreneurship program will be celebrating its 38th Anniversary
Entrepreneurship @ Lubin
Entrepreneurship has been a fundamental orientation within the Lubin School curriculum, comprised of innovative courses specific to the entrepreneurial experience. Many of the faculty practitioners and scholars are or have been entrepreneurs themselves, in such fields as financial advising, tax consulting, marketing and communications, fundraising, and executive development. Many Pace University alumni are daughters and sons of entrepreneurial families. A large percentage of our graduates are first or second generation Americans, who are often attracted to self-employment and entrepreneurship. The significance of entrepreneurial studies is evidenced in the nationally accredited core curricula offered by the Lubin School and its curricular and co-curricular programs. The Lubin School is accredited by AACSB International - The Association to Advance Collegiate Schools of Business, the premier accrediting organization for business schools in the world.
On the undergraduate level, the Entrepreneurship concentration, which falls under the rubric of management, focuses on providing students with the skills that they need to initiate and manage business ventures, including developing new products, drafting a business plan, and forming and running a new business. Financial management, marketing, and human resource management with a small business setting focus are among the topics covered in entrepreneurship courses. Students also learn to analyze consumer and business trends and to use this information in planning and developing a new business venture.
Overall, Lubin's undergraduate programs assist students in developing skills and perspectives that typify successful management and professional practice. Our success is reflected in the national recognition that we have received for our BBA program.
A dramatic increase in the number of people who start small businesses has resulted in the creation of more jobs by entrepreneurs than from any other sector of the economy. The new entrepreneur must be comfortable with all facets of business development and must be able to turn an opportunity into a competitive advantage. With that in mind, on the MBA level, the Entrepreneurial Studies concentration covers all phases of the entrepreneurial experience, including the organizational, financial, marketing, and operating requirements for a new business venture. It focuses on factors and processes that are unique to the entrepreneurial environment.
It addresses both the growth phase and the problem phase of the small business development cycle, including the structural, organizational, and financial transformations required from start-up phase to successful corporation. The objective of this program is to give students the preparation needed to start and manage their own business.
The Pace University Entrepreneurship Lab, located at 163 William Street, not only gives students a chance to explore their entrepreneurial curiosities, but encourages them to learn how to act on those ideas as well. Its atmosphere is meant to be fun, yet productive. Students choose to apply to the eLab at their own will, keeping in mind however, that it is a place for relevant research and experimentation to take place. Resources will be made available to them, such as computer software and networking opportunities, as well as the help of staff and faculty members. The eLab prides itself on being interactive, always evolving, and enabling students to make substantial gains towards their entrepreneurial endeavors.
Pace’s International Field Study courses offer a combination of classroom learning and international exploration to students electing to participate in them. In just the last few years, these courses have examined commercial and social entrepreneurship in Tanzania, technology innovation and entrepreneurship in Israel, and microfinance in India. Courses begin with classroom sessions and culminate in a journey to the country studied.
Pace hosts a multitude of entrepreneurship-focused events each year. Now in its tenth year, the Pace Pitch Contest rewards students who are able to best deliver a three minute “pitch” outlining their new venture concept, business model, and implementation plan. A panel of distinguished judges with real world entrepreneurial experience awards cash prizes to the students best able to communicate the merits of their business idea. The contest is open to students from all colleges and universities, and ideas for both profit and nonprofit companies may be presented. In the Pace Business Plan Competition, Pace students compete by submitting completed business plans including a viable business model, strategy, financial projections, and marketing plan. Another contest, the Pace Mobile App Design Contest, sees students design a concept for a mobile app and showcase it at an open exhibition.
In addition to its contests, Pace hosts a wide variety of guest speakers that address a broad range of entrepreneurship topics throughout each academic semester. Many of these talks are recorded and made available in our video library.
In 1986, Pace University's Small Business Development Center (SBDC) was created to assist existing small businesses and aspiring entrepreneurs. The SBDC is funded by Pace University and the U.S. Small Business Administration and is administered by the Research Foundation of the State University of New York. The Center was recently ranked 2nd out of 23 centers in New York State, as it provided almost 7,000 hours of counseling to over 1,000 new clients, which resulted in the creation or retention of 450 jobs and over $9 million of investment in 2003. After September 11, 2001, the SBDC worked diligently to secure recovery loans for small business owners affected by the attacks.
The Helene & Grant Wilson Center for Social Entrepreneurship was created in 2005 to serve the nonprofit community and Pace University. Devoted to honing the risk-taking spirit and managerial skills of nonprofit organizations, the center was launched with a pledge of $5 million from Helene and Grant Wilson, Boston-area entrepreneurs and philanthropists whose involvement with nonprofit organizations has convinced them that more entrepreneurial management can help these organizations increase their impact.
The Center for Student Enterprise (CSE) initiates and coordinates student-run businesses on the Pace Pleasantville campus. Business majors interested in starting or managing an entrepreneurial endeavor can meet with like-minded peers and great professors in the Lubin School of Business and work to have their ideas come to fruition.
Check out the new video on the Center for Student Enterprise on the Pleasantville Campus. It showcases three student-managed businesses: Pace Connect, Pace Mart, and Pace Perk. By the way, you don’t need to be an entrepreneurship major to be involved in these businesses. Entrepreneurship is for everyone because it’s about how to take an idea and make it a reality. That’s what these students did.
Dating back to 1998, Pace’s Entrepreneur in Residence program strives to bring together students and working entrepreneurs to integrate academic learning with real world experience.
To find out more about Entrepreneurship at Lubin contact Bruce Bachenheimer, Clinical Professor of Management and Director of Entrepreneurship at firstname.lastname@example.org or by phone at (212) 618-6667.
"Opportunity through Entrepreneurship"SM