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SOUTHERN UNIVERSITY AND A&M COLLEGE
COLLEGE OF BUSINESS
DONALD R. ANDREWS, PH.D., DEAN
The Five Cs of Innovation Change, Challenges, Choices, Creation, and Completion
ChangeThe New Economy
KnowledgeAge
Accelerating Pace of Change
SOURCE: M. Emmi, SCT Corporation
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AgriculturalAge
IndustrialAge
From Knowledge Economy to Creative EconomyCalibrate, Explore, Create, Organize and Realize (CENCOR)Jeff Immelt CEO GE
DESIGN CREATE IMPLEMENT
Economic TransformationSource: Federal Reserve Bank Dallas Annual Report 2003
Income Share to Top 10 Percent 1917-2007
Income Inequality U.S. 1913-2007
Wage Growth 1973-2005
Growth in Wages by Education1973-2005
UNEMPLOYMENT RATE
SEASONALITY ADJUSTED
Institute for the Future-Ten Year Forecast (Decade of Dilemmas) Direction of Change
Moving Toward Everyday Awareness of Vulnerability and Risk in Developed and Developing World (Concern for Security)
Moving Toward an Hour Glass Population Distribution Developed World Largest Elderly Population Ever and Youth in Developing World Wealth Distribution Global Connectivity
Institute for the Future-Ten Year Forecast (Decade of Dilemmas) Moving Toward Deep Diversity that is Beyond
Ethnicity in the Workplace and in Society Diversity >>> Innovation and Creativity
Moving toward Bottom-Up Everything, where People Interact with the Products and Services they Consume (Grassroots Economy)
Moving Toward Continuous Connectivity where Network Connections are Always On
Institute for the Future-Ten Year Forecast (Decade of Dilemmas) Moving Toward a Booming Health Economy in
Which Health is an Important Filter for many Purchasing Decisions and Health Risks are on Everyone’s Mind
Moving Toward Mainstream Business Strategy that includes Environment Stewardship Combined with Profitability – Doing Good while Doing Well.
Source :Get There Early by Bob Johansen
ChallengesThe Transformation
PREPARING FOR THE FUTURE
Environment Volatility, Uncertainty, Complexity and Ambiguity
Change is not always Easy Vision, Understanding, Clarity and Agility
Business of the Future Entrepreneurial Information Technology Global Problems vs. Dilemmas
Some New Business and Government Realities
Globalization IT and Bio Technology Revolution Business Redesign
Outsourcing Offshoring Increase in Strategic Alliances
E-Commerce/Supply Chain Management Restructured Government Procurement Changing Market Demographic ( Minority
Population )
New Realities in Business U.S. Department of Commerce Study Recommendations
Access New Markets, Develop New Capital Structures, Develop New Business Structures
Leverage Government Resources, Develop University Linkages, Support and Encourage Use of Technology, Use of Business Incubators
The new realities in the business world have caused a revolution in thinking with respect to developing entrepreneurship programs
What is entrepreneurship?
Creative Destruction Joseph Schumpeter
The Breakthrough definition:“Identifying an opportunity regardless of the resources currently
available.”
Babson definitional (r)evolution:“A way of thinking and acting that is opportunity obsessed,
holistic in approach and leadership balanced.”
Entrepreneurship is the use of innovative thinking to develop new products, services and processes that lead to the creation of wealth for individuals and society (Donald R. Andrews SEE 20 2004)
The Entrepreneurial Process
The entrepreneurial process will create a better world. It’s not just about new company, capital, and job formation, nor innovation, nor creativity, nor breakthroughs. It is also about fostering an ingenious human spirit and improving humankind.
Jeffry A. Timmons, 1996
Price-Babson College Fellows Program
The Timmons’ Model of the Entrepreneurial Process
TheOpportunity
TheResources
TheTeam
Business Plan
Communication
LeadershipCreativity
FACULTY RESOURCE CONCERNS*
One of the major concerns in the development of entrepreneurship programs is the availability of academically qualified faculty to teach entrepreneurship courses.
Faculty must have a combination of the academic qualifications and the experience of being a seasoned entrepreneur to give the program credibility. Many schools have developed a team teaching format to deal with the faculty qualifications issue.
Babson College and other programs use both academically qualified faculty with Ph.D.s and highly successful entrepreneurs.
The key issue seems to be one of attracting the faculty resources that can provide the correct balance between academic and practical experience in the field of entrepreneurship.
*Have traditionally developed majors for the major corporations not the start-up firms.
Role of the University in Entrepreneurship Development Academic Programs
Orientation of Business Degree Programs Entrepreneurship Courses and Degrees
Research, Grants and Contracting Projects Small Business Consulting Value-Added in the Supply Chain SBIR/STTR MSI Alliances and Collaborations
Outreach Small Business Development Centers
Educational Workshops and Training Entrepreneurship Training
Business Incubation Research Parks Community Development Corporations
History of Response by HBCUs Self Help Societies and Life Insurance Businesses Booker T. Washington and Tuskegee Institute 1890 Land Grant Universities National Negro Business League Atlanta University
Conference in 1899 on Role of University in Business Education First HBCU Graduate Program in Business Role of Professors Blayton and Milton in Atlanta Black Business
Community “Negro Business and Business Education” by James Pierce 1947
Fisk University in1917 Offered First Business courses under Applied Economics
By 1944 Over 20 HBCU Colleges Had Developed Business School Programs Nissan-HBCU Summer Institute AACSB Accreditation Ph. D. Programs (Morgan and Jackson State Universities) National HBCU Business School Deans Roundtable Opportunity Funding Corporation (Entrepreneurship Education)
Societies that keep their values alive do so not by escaping the processes of decay
but by powerful processes of regeneration… Each generation must
rediscover the living elements of its own tradition and adapt them to present
realities. To assist in this discovery is one of the tasks of leadership.
… John W. Gardner On Leadership
SU BeginningsORIGINAL MISSION
To make a way for all deserving students to attend college.
1879 - Movement to create a university for ‘persons of color’ initiated during the Louisiana State Constitutional Convention by P.B.S. Pinchback, T.T. Allain, T.B. Stamps, and Henry Demas.
1883 - Admitted its first 12 students.
1890 - Recognized by federal government as a land grant college.
1914 – Relocated from its original location in New Orleans, Louisiana to the state’s capital, Baton Rouge.
Scott’s Bluff – A Rich History Southern University sits on Scott’s
Bluff along the Mississippi River in Baton Rouge
The French words bâton rouge mean "red stick" in English. In 1699, French explorer Sieur d'Iberville led an exploration party of about 200 up the Mississippi River.
On March 17th on a bluff on the east bank of the river (on what is now the campus of Southern University), they saw a reddish cypress pole festooned with bloody animal and fish heads, which they learned was a boundary marker between the hunting territories of the Bayougoula and the Houma tribes.
SOUTHERN UNIVERSITY AND A&M COLLEGE
COLLEGE OF BUSINESS (COB)COLLEGE OF BUSINESS (COB)T.T. ALLAIN HALL
COB Mission To provide a quality business
program that prepares students with diverse backgrounds for global career challenges and makes a positive contribution to the public and private sectors.
Accreditation
The College of Business at Southern University in Baton Rouge is accredited by AACSB International and is involved with many academic and economic development programs and projects.
COB Structure Founded in 1937 Undergraduate programs in:
Accounting Business Economics (with concentration in International
Trade) Finance Management (Supply Chain Concentration) Marketing (with Professional Sales Concentration)
Newly Established MBA program Endowed Chair in Small and Minority Business Development A Small Business Development Center Southern University Small Business Incubator College Advisory Council MBA National Board of Advisors Accredited in 1998 by AACSB – International; the Association to
Advance Collegiate Schools of Business.
Academic Programs - Undergraduate We are developing our
academic programs along three major themes: Technology Globalization Entrepreneurship
Degree Programs: Accounting Economics Finance Management Marketing
Concentrations: Professional Sales Supply Chain
Management Human Resources
Management Management
Information Systems International Trade and
Finance Entrepreneurship
Academic Programs – MBA
Approved by the Board of Regents - December 2005
Implemented August 2006 Current Enrollment: > 120 MBA Graduates: > 80 MBA Program Electives:
E-Business/Supply Chain Management
Small Business Management and Entrepreneurship
International Business and Finance
Outreach Programs
Louisiana Small Business Development Center Southern University Small Business Incubator Science and Engineering Alliance Program Entrepreneurial Training and Technical Assistance
Program Garret A. Morgan / Ford PAS Summer Business Institute Uganda Day Program – World Trade Center in New Orleans, LA Louisiana Trade Mission to Panama HBCU Babson Entrepreneurship Program Institute for Entrepreneurship, Leadership and Innovation Effective Leadership Program Center for Entrepreneurship and Leadership
CHOICESThe Leadership
Planning Success Principles
• • LeadershipLeadership
• • Attention to the MarketplaceAttention to the Marketplace
• • Engagement of StakeholdersEngagement of Stakeholders
• • A Structured FrameworkA Structured Framework
• • Facilitated TeamworkFacilitated Teamwork
Source:E&Y Foundation - Strategic Planning PartnershipSource:E&Y Foundation - Strategic Planning Partnership
Important Academic Leadership Skills Interpersonal/Influence Skills (255)
Visioning and Goal Setting Skills (221)
Team Building Skills (218)
Communications Skills (216)
Change Management/Structuring Skills (214)
Motivational/Inspirational Skills (211)
Fundraising Skills (204)
Strategic Planning/Forecasting Skills (200)
Source: Najdawi, Stumph & Doh College of Commerce & Finance Villanova University
Leadership Globalization
The World is Flat by Thomas Friedman Redefining Global Strategy by Ghemawat Semi-Globalization
Leadership Good to Great by Jim Collins
Good the Enemy of Great When to Adapt and Change
IBM, GM, Kodak Level V Leadership
Ambitious for the mission (not themselves) Willing to do whatever it takes for accomplishing the mission Executive Leadership Model (concentrated power) Legislative Leadership Model (diffused power) (Persuasion, Political currency and Shared Interest) “True Leadership only exists if people follow when they have the freedom not to.” The Right People on the Bus will Figure Out Where to Go
Enough by Juan Williams Legacy of Leadership Leadership Gap in African American Community
Outliers: The Story of Success by Malcolm Gladwell Opportunity (10,000 Hour Rule), Legacy (Rice Paddies)
Leading Leaders Jeswald Salacuse WHAT DO LEADERS DO
Direction - Vision Integration - Team Mediation – Common Ground Education - Learning Motivation - Optimism Representation - Symbolic Trust Creation - Loyalty
LeadershipAmbassador James Joseph “[In elaborating on what ‘leadership as a way of
being’ means, it is] helpful to share with you the insights that come out of my own experience. If I were to sum them up, I would identify twelve:
It is possible for a leader to be humble without being docile, strong without being arrogant and still exert great influence;
Leaders who seek power to disperse it rather than simply concentrate it have a very special attraction and appeal;
The leader must be capable of learning from those he/she leads and must be capable of doing so without losing respect or
influence;
LeadershipAmbassador James Joseph The value-driven leader who needs consensus in order to act
is likely to be most effective if he/she is willing to help shape that consensus rather than simply responding to it where it can be found;
The leadership style that works best for me is leadership that seeks to elevate and empower others. It seeks to engage the whole person in ways that satisfy higher and nobler needs;
Despite the continuing dominance of hard power – economic muscle and military might – in exerting influence and pressing one’s will on others, I have found that soft power – moral messages, exemplar behavior and respect for other cultures – is likely to develop goodwill and establish relationships that
are far more enduring.
LeadershipAmbassador James Joseph Leadership is likely to be far more effective when it appeals
to people’s better nature;
While we seek to change the practices of the adversary, it is important that we maintain respect for his/her humanity;
In times of rapid change, zealots emerge claiming one truth and one theology. The challenge for the leader is not to use his/her values to proclaim absolutes but to help others cope with ambiguities;
An organization is what it rewards. It is not so much what it says in its mission statement, or even its code of conduct, as it is what it rewards its people for being.
LeadershipAmbassador James Joseph There are no hard and fixed absolutes about either
managing or leading. To be rigid and play only by the rules on your organization chart or the theories of some guru is to miss the opportunity to meet people where they are. People-centered leadership recognizes the uniqueness of each individual and seeks to unleash the magic within.
Every leader does not have to be a superstar. Many
apparently ordinary people are quiet leaders who make extraordinary contributions. They may not be seen as giants in the grand scheme of things, but the superstar could not
accomplish any thing without them.
Opportunities for Leadership Integration into the COB Student Development Programs
Business Plan & Case Competition Student Leadership Council
Faculty Development Opportunities
Curriculum Design in Leadership
Research and Consulting Projects
Develop Mutually Beneficial Projects in International Business, Entrepreneurship and Information Technology
Use of executives for teaching and guest lecturing Identify Areas for Future Cooperation such as Proposed
Center on Entrepreneurship and Leadership
Creation Development of
Opportunities
University of the U.S. Virgin Islands
Louisiana Effective Leadership Program Purpose: To identify
emerging leaders and teach them how to be servant leaders.
Duke and SU Ambassador James A.
Joseph Funding:
Ford Kellogg Louisiana Disaster
Recovery Foundation
International Business Projects Faculty Development - Universities of Memphis, South
Carolina ,and Future Global Leaders in the Caribbean Summer Institute at the University of the U. S. Virgin Islands
Global Business Workshops for Small and Minority Business
Export Conferences in cooperation with World Trade Center and LA International Trade Center
Overseas Faculty Development (Ghana, Uganda, Namibia, South Africa, Mexico and State Engineering University of Armenia, Makerere University, University of Liberia )
Student Internship with firms engaged in International Business, Port of Baton Rouge and Others
Grant Projects United Negro College Fund Special Programs
Armenia: Business School Curriculum Development Uganda, Africa: Business School and Entrepreneurship
(Makerere University Business School – MUBS)
Business and International Education (Title VI-B) Small Business Export Training Program Mexico Student Exchange and Business Development Enhancing the International Capacity of Small
Businesses SU – MUBS Partnership
Grant Projects (continued) International Institute for Public Policy and
University of Memphis Program to Internationalize HBCU Business Schools Faculty Development Program in South Africa and
Botswana Bureau of Educational and Cultural Affairs (US
State Department ) Uganda and Liberia
International Center for Information Technology and Development National Science Foundation
Louisiana Board of Regents Grants Faculty Development (International Business Awareness)
State Engineering University of Armenia and Red Square (Moscow Russia)
Kampala , Uganda
Makerere University Business School (MUBS)
Leadership At-a-Glance
2007 Study Abroad2007 Study AbroadJohannesburg, South Johannesburg, South
AfricaAfrica
Leadership At-a-Glance
2007 Study Abroad2007 Study AbroadKampala, UgandaKampala, Uganda
Leadership At-a-Glance
2007 Study Abroad2007 Study AbroadDakar, SenegalDakar, Senegal
Leadership At-a-Glance
20072007OFC Venture OFC Venture Challenge Challenge
Business Plan Business Plan CompetitionCompetitionAtlanta, GAAtlanta, GA
Leadership At-a-Glance
2008 MSIRP 2008 MSIRP ConferenceConference
New Orleans, LANew Orleans, LA
Sharing the Lead “Magicizing” Our goal with both our customers and our partners is
to serve their needs so that we can thrive together.
In our partnerships and joint ventures, I study the details of each business with the intention of adding value by providing expertise on wants and needs of urban and rural minorities.
Small details add up to big sales. Today’s entrepreneurial business leaders have to be able to listen to their team members and make adjustments when they make sense.
Earvin “Magic” Johnson 32 Ways to Be a Champion in Business
GEESE FLYING PAST
Economic Development Mississippi Flyway Why Geese Fly the V-Formation
71 % Greater Flying Range than if alone When Lead Goose is Tried Rotates Out Others Lead Honk From Behind to Encourage those in Front Help Those Left Behind
Are We as Smart as Geese? If we share a common sense of direction and a
sense of community, we can get where we are going quickly and easily because we are traveling on the thrust of one another.
Never doubt that a small group of thoughtful, committed people
can change the world. Indeed, it is the only thing that ever has.
… Margaret Mead
Completion
- Jeff Timmons
“The best way to successfully predict the future is to create it.” - Jeff Timmons
Southern University Spring 2008 Commencement
Questions
