The Entrepreneurial Management degree provides the student with an opportunity to experience new business start-ups holistically and at a level of detail sufficient to develop a significant knowledge base in critical functional areas. Students will learn how to enhance their ability to create and cultivate ideas in the classroom and through practical application of learned competencies. This includes starting and running a micro-business on campus through the Entrepreneurship and Service Practicum course.
In addition to the bigger picture, students will address many detailed aspects of starting their own company, taking leadership of an existing business, or becoming a creative and innovative force in a larger organization. Relevant classes in finance, human resources, product management, and innovation and design will prepare students to lead in all types of business settings and structures. Students will also have the opportunity to choose one course to further integrate learning and practice.
Examples of courses in this major:
Students will apply concepts learned in common professional component courses to start and run a business. A business plan will be written, a loan obtained and products commercialized within the semester. Each student company will also serve a local nonprofit organization with their time, talent and company profits.
Small business planning to apply the fundamentals of planning, organizing, leading and controlling to the specific requirements of small business marketing, finance, production and personnel. Practical application and case study is emphasized.
An introduction into the invention, design and prototype processes leading to the launch of a new product. This includes the importance of new ideas and innovation within the organization with a focus on entrepreneurship and a discussion of the strategies necessary for implementing innovative concepts and driving creativity throughout an organization.
An examination of the personnel functions in the business organization, particularly job analysis, recruitment and hiring, training, performance appraisal, compensation, the psychological forces motivating workers, discipline and morale within a heightened awareness of legislative and regulatory oversight.
This course focuses on funding and managing entrepreneurial ventures through the various stages of business growth. The course will develop skills related to the creation and understanding of business models and the types of organizations and the various ways these organizations can be financed. Students will learn: 1) the value of pro forma financial planning and "what if" analysis, and 2) the various ways to fund and manage a growing firm with a particular emphasis on deal structure and risk/reward scenarios for different investor types. The class will utilize cases based on real world companies from various industries to cover topics in investment analysis, financing the entrepreneurial firm and financially managing the growing business.
The individuals who will challenge you to learn:
B.A. in Business Administration, Cedarville University; M.B.A., University of Baltimore; D.B.A., Cleveland State University
Jeffery Fawcett serves as dean of the School of Business and professor of marketing. He came to Grace College in 2011, bringing 24 years of experience in Christian higher education. Prior to beginning his teaching career, he worked as a consultant in Washington, D.C. on contracts with the Naval Sea Systems Command and the Federal Aviation Administration. Fawcett is active in the Christian Business Faculty Association.
B.A. in Political Science and History, Parsons College; M.P.A. in Public Administration, Ball State University; M.B.A. in Finance, University of Saint Francis; D.B.A. in Marketing, Northcentral University
Prior to coming to Grace in 2011, Alan Grossnickle spent five years at the University of Saint Francis, where he developed the Entrepreneurship program and taught business courses. He has extensive experience as the former CEO/president and founder of Caremet, Inc. and Miller's Merry Manor healthcare facilities, which was the largest independent healthcare organization in Indiana. He lives in Warsaw with his wife and has two sons and three grandchildren.
Bachelor of Business Administration (B.B.A.), University of Kentucky; M.B.A., University of Cincinnati; Advanced Diploma in Management Accounting from the Chartered Institute of Management Accountants
Kenneth McEwan joins the Grace faculty as full-time instructor of finance in the School of Business. He previously worked at Rolls-Royce Aircraft Engines. His last position there was director of Finance Business Partnering. Prior to this role, he was vice president of finance for the Helicopter Engines business and finance director for Engineering and Technology. McEwan also held finance positions at GM Military Vehicles Operation, GM Allison Transmission and at the University of Cincinnati as a teaching assistant. He has served as president of the Board of NICA ministries, when he supervised two missionaries in Nicaragua; as treasurer of the Woodruff Place Foundation; and was on the board of trustees at New Hope Christian Church. He enjoys golf, kayaking, hiking and cross-country skiing. Kenneth and his wife, Robin, have been married 31 years and have three children and three grandchildren.
B.S. in Business Administration, University of Dayton; M.B.A., University of Dayton; D.M., University of Maryland
Roger Bingham comes to Grace College with more than 16 years in higher education. Prior to his current position, he served in leadership roles in the Ivy Tech Community College system, covering Student Affairs, finance and facilities. Bingham has also worked for private industry and the federal government. His family includes his wife and three teenage children.