FOUNDATIONS OF
MANAGEMENT AND
ENTREPRENEURSHIP
AT A GLANCE
“I’ve learned so much about the behind-the-scenes work
that goes into a venture of
this kind, including how
to maximize the efforts of a
14-person team and manage
the inevitable interpersonal
conflicts.”
The only way to understand what it takes to run
a business is to actually run a business. That’s
why during your first year at Babson, you’ll
create, develop, launch, and manage a business.
Yes, a real business.
BABSON’S FOUNDATIONS OF MANAGEMENT AND ENTREPRENEURSHIP (FME) course
is an internationally recognized yearlong immersion into the business
world, giving you the basic business background and real-world
context you need for all of your Babson courses. Plus, you get actual
job experience—consider it your first Babson internship.
– ARELIS AGOSTO ’18
CEO, TOASTY BUNS
HOW IT WORKS Throughout the year, two dedicated faculty members—
industry professionals—teach you the ins and outs of entrepreneurship,
marketing, organizational behavior, and operations, while emphasizing
the integrated role these functions have in an organization.
Classes of up to 40 students break into teams to use the concepts and
tools of Entrepreneurial Thought and Action®, the method of turning ideas
into action, to explore a creative opportunity that solves a problem and
creates value. Once you determine your idea is feasible, you’ll create a
launch plan and must qualify for a loan of up to $3,000 from the College
as startup money for your business.
100
%
of profits are donated to the
team’s service organization.
Since 1999, FME businesses have donated more
than $473,000 to local service organizations.
WWW.BABSON.EDU/FME /
#BABSONFME
FOUNDATIONS OF MANAGEMENT AND ENTREPRENEURSHIP
THINK BIG /
FME BUSINESS EXAMPLES
BIOGROUNDS / A fertilizer supplement made
from coffee grounds that are collected,
dried, and packaged.
FORMING PARTNERSHIPS Teams establish a partnership with a local
social services agency, emphasizing the importance of corporate social
responsibility. Collectively, each team donates 80 hours of community
service, plus all profits from their business, to that organization. Students
have supported a variety of organizations, including Special Olympics,
Habitat for Humanity, Cradles to Crayons, Boys and Girls Club, and the
Greater Boston Food Bank. And, since 1999, FME businesses have donated
BABO BOXES / Affordable and convenient
more than $473,000 to local charities. The only question is: How much
packages of snacks and gifts that are
themed for different needs or occasions
and delivered to Babson students.
will your team contribute?
WHAT YOU’LL GAIN The experience is more than just learning how to launch
VELO / This 3D printed organizational
accessory serves as storage—it can hold
a room key, ID card and headphones—and
can function as a bottle opener.
a startup. It’s about exploring career options. It’s about identifying
and creating opportunities, understanding your goals, developing the
mindset of an entrepreneurial leader, managing team dynamics, and
communicating effectively. Above all, it’s about turning ideas into action.
BABSON TEA COMPANY / Choose from a variety
of high-quality, healthy teas and customize
your order with your preferred flavors and
quantity.
DOODLEBOARD / This whiteboard easily
These skills are essential to your personal and professional
development, and you’ll constantly use them throughout
your four years—and throughout your future career.
folds into a 9” x 9” board (quad fold like a
gameboard), but can expand to 18” by 18”,
all with a whiteboard surface.
“FME is one of the things that truly separates
the Babson learning experience from the
rest. Most schools rely on textbooks and case
studies, while the FME experience puts theory
into practice, exposing you to many aspects
of business you can’t learn in a classroom
such as team dynamics and real-time decision
making. When it comes to entrepreneurship,
there is nothing more valuable than real
world experience and FME delivers Babson
students with exactly that.”
– DAVE HEATH ’05,
CO-FOUNDER AND CEO, BOMBAS
FOR MORE INFORMATION, please contact
Undergraduate Admission at 781-239-5522
or 1-800-488-3696 and visit www.babson.edu/ugrad.
09/15_UGMKT-11603
WWW.BABSON.EDU/FME /
#BABSONFME