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ERIC Number: EJ1290762
Record Type: Journal
Publication Date: 2021-Apr
Pages: 8
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0950-4222
EISSN: N/A
The Early Story: A Brief History of the Creation of Entrepreneurship at Babson College and the Discovery of Innovation's Missing Imperative
Ronstadt, Robert; Shuman, Jeffrey; Vesper, Karl
Industry and Higher Education, v35 n2 p75-82 Apr 2021
The authors document in detail how the entrepreneurship program was created at Babson College in the 1970s. They recount the early history of Babson's program because the school was one of the first, if not the first, to make a huge institutional commitment that led to entrepreneurship becoming a core part of its academic programs. At the time, other schools had an entrepreneurship course or two, but Babson's commitment involved the creation of an undergraduate major, an MBA concentration, an annual research conference, a Distinguished Academy of Entrepreneurs, an Entrepreneurship Chair, and numerous outreach programs. These efforts influenced other universities to increase their entrepreneurship offerings to the extent that a new academic discipline--entrepreneurship studies--was born. A second reason for this article is the belief by those directly involved in the creation of Babson's program that the complete story has not been told and is in danger of being misunderstood. Like most innovations, the creation of Babson's entrepreneurship program was not a neat and tidy affair, but one more consistent with the turbulent notions put forth by Joseph Schumpeter and Clayton Christenson. Understanding Babson's early history with entrepreneurship can help others pursuing or facilitating their own academic innovations.
SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: http://bibliotheek.ehb.be:2814
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Massachusetts
Grant or Contract Numbers: N/A