Newswise — A Babson College student team, working for a not-for-profit, adult education organization, has won the Shelby Cullom Davis Foundation entrepreneurship award.
The team looked at all aspects of the operation of Top Floor Learning, Inc. (TFL) to determine where they could make up tens of thousands of dollars of lost annual funding while continuing to offer services.
The Babson team analysis provided insight into specific goals, methodologies, results, and recommendations concerning TFL's lifelong learning, GED/ESL, and funding strategies.
TFL is an adult education organization providing English as a Second Language (ESL), General Education Development (GED), and lifelong learning services in Palmer, Massachusetts. For info, visit http://www.topfloorlearning.org/.
Team members are Brian Deegan '07, Brian Fox '08, Jonathan Kardos '07, Cheryl Morris '08, and MBA Project Manager, Vinod Mohan.
The Second Place team assisted the Samaritans of Boston, who sought to increase program outreach. Team members are Manav Kapoor '09, Jessica Kawilarang '07, Harry Mranata '09, Ardiana Natasha '09, Fenny Tsai '09, and MBA Project Manager Nakul Munjal.
The Third Place team helped The Clearing Ranch build a financial model that would enable sustainability for the next 140 years. Team members are Jimmy Greene '08, Amit Nar '07, Michael Perkins '07, and MBA Project Manager Daniel Walmsley M'07.
The Shelby Cullom Davis Foundation provided an endowment to Babson to encourage the application of entrepreneurship to nonprofit organizations. Cash awards go to the top undergraduate student teams that complete the most successful Management Consulting Field Experience (MCFE) or entrepreneurial field study project for a nonprofit business.
The Babson Management Consulting Field Experience (MCFE) links the business community with Babson College students through a management consulting team project. Each MCFE project is staffed by a team of three to five undergraduate students and one MBA project manager, with an objective to examine a real-life business situation. The assignments take place in a variety of business environments, which have included Fortune 500 companies, nonprofit, entrepreneurial ventures, and privately-held firms. For info, visit http://www3.babson.edu/Offices/ug_ccd/students/mcfe/default.cfm.
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 www.babson.edu.
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