Babson College First-Year Entrepreneurship Course Receives Leavey Award for Excellence in Private Enterprise Education

Jan 22, 2010, 13:36 ET from Babson College

BABSON PARK, Mass., Jan. 22 /PRNewswire-USNewswire/ -- Babson College has received the Freedoms Foundation Leavey Award for excellence in private enterprise education for its Foundations of Management and Entrepreneurship (FME) required course for first-year students.

FME is a seven-credit, year-long immersion into the world of business in which student teams invent, develop, launch, manage, and liquidate a business. Along the way, students study entrepreneurship, marketing, accounting, organizational behavior, information systems, and operations. The College provides up to $3,000 as startup money for these student businesses. Freedoms Foundation will present awards to nine projects including Babson's FME in March.

Accepting the award for Babson are Theodore Grossman, senior lecturer in the Technology Operations and Information Management division, Richard Mandel, undergraduate Associate Dean, and Stephen Schiffman, who holds a joint appointment as entrepreneurship professor at Babson and at Olin College of Engineering and is currently Olin's Dean of Faculty and Interim Vice President for Academic Affairs.

They were instrumental in the development 14 years ago of the course that was named Foundation Management Experience. The course and its title have evolved over the years to stay in touch with the changing marketplace, and is now called Foundations of Management and Entrepreneurship.

Babson will be presented the award and will demonstrate the FME effort at the Freedoms Foundation Leavey Educational Summit in March.

Founded in 1949 as a non-profit education organization, Freedoms Foundation at Valley Forge is dedicated to helping students, teachers and citizens gain a greater awareness and appreciation of the principles of a free and democratic society.

Since 1977, the Freedoms Foundation and the Thomas and Dorothy Leavey Foundation have honored outstanding teachers for bringing passion and creativity to their classrooms as they teach students about entrepreneurship and the free enterprise system.

The awards program recognizes educators at the elementary, junior high, high school, and college levels for innovative and effective techniques in teaching entrepreneurship and the free enterprise education. Up to twenty cash awards are made annually valued at $7,500 each. One meritorious award of $15,000 may be made for an outstanding entry. To date, the program has recognized nearly 500 teachers from across the country and awarded over $3 million.

Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit

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SOURCE Babson College