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Dynamic Business Relations; FME Then vs. Now

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“The only way to understand what it takes to run a business is to actually run a business,” according to the Babson website. The Babson undergraduate curriculum has been made internationally famous in part through its brilliant Foundations of Management and Entrepreneurship class (FME).

The method of how FME is taught has largely remained consistent through the years. However, there have been adaptations to the curriculum to address a deeper global impact while indulging in the opportunity to use state-of-theart technological innovation on all fronts.

William Bermant, a senior and CEO of his FME business three years ago, has made the choice to give back to the freshman class by becoming a peer mentor with a global mindset. Students of the past FME classes generally understood that peer mentors tell you what to do or just help you study, but really they guide you through the entire process with a holistic perspective. This includes understanding the overall value of a team, helping with business relationships, dealing with supply-side conflicts, leading exam study sessions, helping with presentation practice for the rocket pitches, and of course, providing constructive feedback with real examples for personal improvement.

FME mentors are extremely insightful to first-year students, but to the mentors, there is a greater significance that encompasses what it means to give back. By giving their time to help current FME students, peer mentors like William exemplify a real-life example of coming full circle with the FME business cycle flow that first-year students are being tested on.

William says, “It’s great to communicate with each section of the team,” which is helpful in experiencing the whole FME process with a more holistic view and expanded perspective.

Much of the current FME curriculum involves working within a small group of people doing such a specialized task that sometimes it is possible to lose sight of the overall big picture goals of the company. Facilitating an open communication between all members of the group ensures everyone gets a holistic understanding of the company’s global and/or local impacts; it is one of the most significant components of the FME class.

Sarah Dilworth, a current junior who worked with the HR department for her FME company as a first-year, has interesting insights on some aspects of the FME curriculum then versus now. She wants the experience to be “more holistic.”

The HR department does a decent job with individual performance appraisals, but sometimes the feedback isn’t “being used,” says Sarah. Sarah also suggests that “getting an overview of what the jobs are before getting assigned,” would be a helpful improvement to the class. Nonetheless, she liked her FME business’ operations department so much that she chose to concentrate in operations as her personal college focus, fulfilling her own personal holistic FME experience.

The business world is a dynamic place and this year’s FME class is ready to lead these global changes. “Obviously, businesses are designed to make profit, but now we’re looking at how to solve global problems as well,” states current FME class professor David Lopez. He introduces, “There’s now an additional focus on service-related businesses. It’s relatively easy to resell a shirt or a mug, and those common FME retail businesses are great for teaching everything we need in terms of experience, but we’re also trying to focus on the service aspect, like providing consulting services. Despite the fact that these services require more research and sometimes are hard to quantify, we’re trying to encourage these businesses too.” Professor Lopez sees that the desires of the current students are changing over time from mostly past retail-based FME startup companies to current companies selling unique services rather than retail products.

In these respects, FME is more dynamic than many other classes offered elsewhere; consumer mindsets evolve over time and this signature class aims to stay ahead of the curve.

Babson welcomes new assistant class dean

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Photo courtesy of babsoncollege.edu

Babson students and staff welcome Assistant Dean Heather Miller as the newest addition to the staff at Academic Services. Dean Miller takes responsibility for students with last names A through B, who had been served on an interim basis by Dean Rob Major.

Miller previously served as Director of New Student Programs at Wentworth Institute of Technology. At Wentworth, Miller worked to develop their First Year Seminar, Academic Advising, Early Alert Programming, and New Student Orientation programs, according to an email announcing her hiring.

Miller graduated from Bridgewater State University with a Masters in Public Administration and received a Master’s Degree in Education from the University of Georgia.

She says she is excited about her new role at Babson, and hopes to have the opportunity to work individually with students.

“I came to Babson for many reasons, but primarily for the opportunity to work one-on-one with students. In my previous position, that was only a small part of my job, yet it was what I enjoyed the most. I love getting to know students and helping them create goals and a plan to be successful in their time as a student,” Miller said in an email.

Shuttle service to Boston resumes, with changes

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On Friday, November 13, Academy shuttle service to Boston was reinstated after its removal last year due to behavioral issues.

Whereas shuttles last year visited multiple locations around Boston, including Copley Square, the Theatre District, and Faneuil Hall, Academy will now only offer service to Copley. On Thursday nights, shuttles will bring students to Copley, but not back, and on Friday and Saturday nights they will both pick up and drop off. The regular circuit to the Woodland T station and back will continue as usual.

This unusual schedule is part of an agreement meant to address the factors that led to the service’s removal last year. These included damage to buses, disrespect of drivers, and numerous alcohol-related incidents. According to Student Government Association Senator Manuel Whitfield, the ride to Babson is longer than to most schools, increasing the chances of such issues. “The majority of the problems are when students are coming back from Boston,” Whitfield (’16) said. The new schedule has fewer, and earlier, trips to Boston.

Last year, the SGA explored multiple alternatives to termination of service, but ultimately decided to limit service to Woodland. At that time, it had reached the point where “no bus driver wanted to drive our route,” Whitfield said. “To the student body it seemed like a big change, something abrupt. It hasn’t been—this has been going on for some time.”

In the past, shuttle service was funded primarily by Babson College, with SGA contributing a small portion of funding. With these changes, SGA will contribute a larger amount.

Whitfield stressed that shuttle service is a privilege. “[Students] need to take care of the things [they] have around [them]. This gives the College the flexibility to do more things. We could have a lot more fun and fruitful events.”

Wildlife on Campus

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The fact that wild animals live in and around the Babson College campus may come as a surprise to many urban-dwellers or international students who aren’t used to four seasons, trees, or forested areas. The Babson College campus is a great edge habitat for raccoons, squirrels, or other snack-hungry wild animals because it is the boundary of two different habitats: the wooded forest of Wellesley and the human development that makes up our school.

According to “Wildlife in the Suburbs” on the Wellesley government website, wild animals are coming “too close to people and begging for food”.  When people feed wild animals, the creatures lose their fear of human interaction and soon expect handouts from everyone they meet. While playing with these adorable animals, people need to be more careful with it in case they cause legal problems unintentionally. In fact, the town of Wellesley imposes a fine of up to $200 for feeding any wildlife.  

In the past, the town of Wellesley has had problems with encounters between household pets and wild animals.  Animals coming from their forested habitat into the edge habitat of suburbia take advantage of food, trash, or small household pets (yikes!) that have been left outside by accident.  Members of the Woodland dorm community, like myself, agree that there is no shortage of skunks and raccoons playing around near the dumpsters by the Woodland parking lot.  When walking past dumpsters (where they like to hang out), they generally run away when approached.

Here are some suggestions to avoid attracting a raccoon into your dorm at night: Secure trash in raccoon-proof containers, which are easily found around campus.  For the most part, the dumpsters have heavy lids that raccoons cannot open.  Given this, don’t leave the lid open.  Near the Woodland dorms of Babson College, behind Trim, and in many more locations, it could be helpful to put ammonia, bleach, or red pepper on the trash bag in the evening to deter animals at night.  Don’t leave snacks or leftovers on the picnic tables or on the barbecue grill.

Overall, this is a great campus filled with wildlife, but it can quickly become overrun by hungry critters if we’re not careful.  We’re lucky to share such a great space with our abundance of wildlife, but we need to be more careful in the way we are treating them.

CWEL addresses equal pay equity

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CWEL’s first Disruption Dinner, sponsored by the Center for Women & Wealth at Brown Brothers Harriman, attempts to talk about gender pay equity by sharing six influential women’s career story and advice to 200 plus attendees.

Meg DeMarco, Director of Programs at CWEL, calls the room to attention and introduces Jane Edmonds, VP for Programming and Community Outreach at Babson, who has an impressive background in politics and entrepreneurship. Edmonds delivers an eloquent speech about the other guests and glides over the Equal Pay topic. Edmonds gives a promising anecdote about Kerry Healey’s impressive work ethic and passion for helping the underserved citizens of Massachusetts, especially women fighting for equal pay.

The moderator is Candy O’Terry, Massachusetts Broadcaster of the Year, President & Co-Founder of Boston Women in the Media and Entertainment, 25-year veteran of Magic 106.7, and a member of brand consulting company, Brunner Communications. She starts by beautifully singing Amazing Grace, which is most definitely one of the evening’s highlights. O’Terry manages the panel remarkably like a radio talk show host. She skillfully flows from question to question effortlessly while adding her own experience and answers.

The Panelists’ are Jackie Glenn, Global Chief Diversity Officer at Dell EMC; Nancy Joyce, Founder and CEO of Joyce Advisors; and Evelyn Murphy, Founder and President of The Wage Project. Each of these women reveal extraordinary career paths and valuable life lessons.

Each of these women reveal extraordinary career paths and valuable life lessons.

1. O’Terry (career in Media and Entertainment)

●Success is a conscious decision

●Don’t just show up, stand out

●Wisdom is recognizing a mistake before you make it again

2. Jackie Glenn (career in Health Care and Technology Recruiting)

●Own your difference

●Go above and beyond – sometimes doing so doesn’t pay off, but most of the time it will,and when it does, it will open doors

●Do not be afraid to travel for an opportunity

●Do not be afraid to ask for help

●Think outside the box, go above, below, sideways, and around to solve problems

●Do not give up because mindset is important; if you put down your foot to solve a problem, you will be able to succeed

3. Nancy Joyce (career in Brand Consulting and Entrepreneurship)

●Fostering and building relationships when you don’t need them is just as important as
when you need them

●When someone asks, “how are you,” don’t just say, “I am good.” Share something about
yourself, share a recent accomplishment because that will help you build a relationship
with them

●Learn to advocate for yourself in the workplace because no matter how diligent your supervisor is, he or she will be busy and will not be able to keep track of your accomplishments as well as you can for yourself

●Ask for what you want

●Don’t take everything personally, it’s business

●Research people in your desired career path

●Tips for negotiations: be comfortable with silence, ask for 25% of medium

4. Evelyn Murphy (career in Politics and Non-profits)

●Do not blink at opportunities, take them because they might be game changing

●If women act, then employers will react [in reference to the equal pay gap]

●”We [women] are just as educated and work just as hard [as men]”

●Sometimes, other people see things in you that you cannot see in yourself so use your mentors and people to help you

●The best way to protect yourself and obtain fair compensation is to understand laws and policies about Equal Pay; educate yourself on the topic for your specific company and position

●Attend free salary negotiation workshops

●Pursue your dreams, do something that matters to you

●Know how to translate skills that you learn outside of work into skills that you can use in
the workplace, example is team sports

An important resource for individuals interested in learning more about the Equal Pay Equity is Murphy’s non-profit organization:The Wage Project.

Babson Global faces renaming, restructuring

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Additional reporting and authorship by Morgan Roth.


 

Change is likely in Babson Global’s future. Two task forces, the College Integration Working Group and the Legal Financial Working Group, worked over the summer to provide restructuring recommendations. These include changing the initiative’s name, “limiting [Babson Global’s] mission to the fulfillment of two existing contracts,” “[Closing] down the E-Cities business line with [the] option to recoup Babson Global investment at a later date,” shifting the Global Consortium, E-Learning, and Goldman Sachs initiatives into the College, and “[putting] in place a new, formal vetting system within the College comprised of Academic and Administrative leaders to evaluate global opportunities going forward,” according to a September Faculty Senate Meeting minutes sheet.

Babson Global, Inc. is a 501(c)(3) tax-exempt organization that was started under previous president Leonard Schlesinger and has been active throughout President Healey’s term. Since 2013, Babson Global has taken on a diverse range of projects, including the Goldman Sachs 10,000 Small Businesses initiative, the Entrepreneurship Ecosystem Project, E-Learning, Enterprise Cities, and the Global Consortium of Entrepreneurship Educators (GCEE).

Some projects, like the 10,000 Small Businesses initiative, were already established before Babson Global was created. This project, launched by Goldman Sachs in 2009, has helped many people start businesses, and there are talks of bringing it back to Babson College in order to get students involved in the project.

Others, such as the Competitiveness and Enterprise Cities Project, also known as the E-Cities Project or CECP, have been met with some controversy. The project’s website states that it exists to “analyze the constraints to economic growth in a particular country, and develop a comprehensive set of solutions to those constraints across the dimensions of property rights protection, open trade, and domestic competition.” In some countries, this includes building Babson-endorsed centers in countries like Indonesia and Saudi Arabia. For instance, King Abdullah Economic City, a sprawling Saudi Arabian development, will be home to the Babson Global Entrepreneurial Leadership Center.

Two task forces, the College Integration Working Group and the Legal Financial Working Group, worked over the summer to provide restructuring recommendations.

Similarly, the Global Consortium met pushback from faculty, especially regarding intellectual property rights. This project enables international schools to purchase access to Babson resources. Some faculty were concerned about whether Babson was licensing their intellectual property, such as curricula, without their permission or compensation.

Others, like the E-Learning project, have had trouble getting off the ground. As of October 2015, there are no current E-Learning projects. The most recent initiative posted on the Babson Global website is a 2013 licensing deal with online course platform NovoEd.

Get To Know The BFG

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As business majors, sometimes we forget that there are so many alternative, non-traditional sectors of business we can develop a career in. These industries include fashion, music, public policy, and sports management. We are often geared toward marketing or investment banking,or in the case of Babson, entrepreneurship. This was difficult for me my first semester at Babson because I knew I wanted to do business,but I wanted an opportunity to be creative. Like many Babson students, I want the opportunity to make people think and challenge what already exists.  

This mentality gave Babson students a desire to create more opportunities in the business of fashion at Babson. There are so many artistic, stylish people on campus that we do not even know about. The Babson Fashion Group has been working to change this. Virginia Mhasavi voiced that “when she came to Babson, there was no fashion organization on campus.” The problem was that there was no formal outlet for Babson students to express their fashion interests and acquire the resources their need. Often, we have to find our own resources, and in such a competitive industry, that can incredibly challenging. Mhasavi stated that finding her first fashion internship was quite difficult, but eventually through the CCD, she was able to learn about alumni connections in the fashion industry such as Ruthie Davis, the ladies shoe designer. Much like many Babson students, she wanted to explore opportunities beyond operations and retail. She wanted shadow a designer and work in the creative decision making aspects of the industry.  

Town of Wellesley Cracks Down on Food Safety

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On September 30th, the Town of Wellesley Health Department notified Babson College administration that they will be enforcing stricter guidelines on all food events on campus, whether philanthropic or not. This increased regulation jeopardizes much loved campus events such as Chi-Hop and Kappa Con Queso, as well as entrepreneurial food businesses on campus.  

Babson College administration reacted quickly, notifying organizations that have food events planned this year and hired a Food Consultant just days after the notification. The College allowed Delta Sigma Pi’s Bubble Tea with DSP event to proceed as scheduled the day after the notification, believing that it would be unfair to cancel the event with so little notice.

Melissa Beecher, Director of Student Activities and Leadership, explained that “We were not in compliance with Town of Wellesley regulations.” There seemed to be a mutual understanding between the college and town prior to the notice, but the increased enforcement came after several encounters between organizations or businesses and the Town of Wellesley Health Department. Beecher emphasized that “There was no individual triggering event,” and that “It’s nobody’s fault.”

Working with the Town of Wellesley and the newly hired Food Consultant, the college administration started the process to develop a Standard Operating Procedure in which all parties would be satisfied. Beecher emphasized that “Philanthropic, cultural, and faith based food events are such a big part of the core identity of these groups,” and that parties need to work together to develop “guidelines approved by Babson and [The Town of] Wellesley to send to organizations.”  

Looking to the future, Beecher stated that “We won’t be back to what we were,” hinting at big changes to food event policy. “As soon as we know what is going on, we will be reaching out to everyone.”

The organizations of Greek life organize many of the food events on campus. Mindy Freedman, a member of Kappa Kappa Gamma, President of the Panhellenic Council and Co-Chair of the Fraternity and Sorority Leadership Team, stated that “It is upsetting that we aren’t able to hold these events for a while since they bring the community together and are for a good cause … but we are trying to be creative about coming up with new way to raise money,” referring to Kappa Kappa Gamma’s upcoming philanthropic flag football tournament.

Babson administration will be extremely conservative in the coming weeks when planning food events as they develop their guidelines with the Town of Wellesley. Any questions, feedback or concerns can be directed to the Student Activities and Leadership division at sal@babson.edu

Students initiate Alpha Kappa Psi colony

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Photo courtesy of Elaine Zhang

Another business fraternity aims to join the Babson community. A group of students, primarily freshmen and sophomores, are in the process of establishing a Babson branch of international professional fraternity Alpha Kappa Psi, also known as AKPsi.

The group first required approval from the Heritage Center, the organization’s headquarters, and from Babson itself. It is currently recognized as a “colony;” that is, a fledgling chapter that must prove it has the membership and capability to be formally installed. Once this occurs, likely in the spring, the chapter may pitch to the Student Government Association to be recognized as an official Babson organization.

“It’s been a long process,” AKPsi President Rada Ilieva (’18) said. “It’s very different than a regular org.”

AKPsi is the oldest and largest business fraternity in the world. Started at New York University in 1904, it has since inducted more than 250,000 students. Previous membership includes Presidents Ronald Regan and Richard Nixon, U.S. senators, and business leaders in every industry.

“The main focus of Alpha Kappa Psi is to provide leadership development, personal and professional training and the fundamental ingredient higher education misses—experience,” the organization’s website claims.

Babson’s colony has expanded rapidly, attracting about 80 colonists in a few months. “We grew really quickly,” Ilieva said. “We’re trying to maintain that brotherhood and have those close relationships, which is why we started in the first place.”

Ilieva says she looks forward to seeing the chapter come into its own. “I’m most excited about seeing things develop and people actually being able to use it for networks and fun.”

Babson’s Community Garden

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From first years to seniors, everyone has been at Babson for a few months now. Students are sure to know campus like the back of their hand—all of the fastest ways to get to classes, when to hit up Dunks to avoid monstrously long lines, and the best places to toss around a football of frisbee. But, what if there was a place you’ve never seen, or even heard of?  

Babson has a goldmine hidden in the back parking lot between Reynolds and Hollister. It has everything you could imagine: golden squash, a multitude of marigolds, and cucumbers, onions, and raspberries galore. Babson’s community garden is a place that represents the diversity, hard work, and nurturing that takes place on every inch of campus.

That being said, the garden is far from perfect and could use a little more love. With the presence of  broken down garden beds, a crumbling mosaic bench, and knee high weeds, the garden is reliant on student support to stay a beautiful green space on campus.

Currently, the garden is being managed by staff and student volunteers. However, the hands doing the heaviest lifting belong to Danielle Krcmar and Marianne Miller, the staff managers of the garden. Students, in particular those in the Sustainability Club, help whenever they can, but gardening is a task that requires lots of dedication, consistency, and love. Imagine how beautiful and full of life the garden would be if each student pulled a weed or watered a flower on their way to Trim, Reynolds, or their appointment at CCD (the Career Center for Development).  

Right now, efforts are focused on readying the garden for planting in the spring. This means weeding, pulling plants that will not survive the winter, and performing simple maintenance on the garden beds. Once spring rolls around, students and helpers will be able to till the soil, add compost, and plant seedlings. Over the summer, the garden will continue to grow big and strong before the fall harvest.

All are welcome to lend a helping hand at the garden. Tools are provided. Just bring your hands! If you are interested in helping us nurture the garden regularly–or just for an afternoon–please reach out to the Lisa Cole at SustainabilityClub@babson.edu.

Written By: Lisa Cole & Brenna Leary

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