History

 

Our Entrepreneurial Program has been serving our students, and the entrepreneurial community for the past nearly 30 years. We've achieved a great deal, and have been a strong force in the development of entrepreneurship education in our local Los Angeles area, the USA, and internationally. We continue to expand our efforts, and our excellence, and will continue to become a very "big impact" smaller school in entrepreneurship education. We are entrepreneurial! We accomplish a great deal with very little.



Into the New Millennium


  • With a campus that is doubling in size, overnight, a brand new College of Business Administration building, and the Hilton Chair of Entrepreneurship as the foundation of our entrepreneurial efforts, we are poised to have a continuing major impact in entrepreneurship education in the New Millennium!

  • The "Time Magazine/Princeton Review College Guide for 2000" listed LMU as "...one of the best entrepreneurial programs in America."

  • LMU's entrepreneurial program is developing, for the Spring Term of 2000, a unique and innovative entrepreneurship and New Product Development course that will include team teaching by the Faculty of the Marketing Department, the Entrepreneurship program, the Law Department, and The Engineering School. Thus this new entrepreneurship course will be cross-departmental, cross college.

  • LMU is the first American University to host the Russian "Presidential Scholars" (President Yeltsin) program. Eleven top level Russian students are now participating in our business and entrepreneurship courses in a program sponsored by the Russian Ministry of Education. The 11 students will spend ten months in 1999-2000 at LMU.



The 1990's


  • Our faculty regularly appear on local and national entrepreneurship shows such as KTLA's "Making It" minority entrepreneurship program, and National Public Radio's Marketplace Series, and CNN.

  • One of our faculty members, our Entrepreneur in Residence, also won a "Leavey Award", The Award    for Excellence in Private Enterprise Education  (and the $7500 cash award) in 1997.  Our entrepreneurship program faculty now hold two Leavey Awards.

  • LMU's entrepreneurship program earned the coveted Zell-Lurie Award as the "Most Innovative Entrepreneurship Course in America" in 1990 (this included a $25,000 cash award). This award also resulted in one of our faculty members being invited to hold the Chair of Entrepreneurship for one year at the University of Michigan in Ann Arbor.

  • One of our faculty members was named a Fellow of the U.S. Association for Small Business & Entrepreneurship in 1994. He is also a Fellow in the Small Business Institute Director's Association, as well as a Fellow in the Association For Private Enterprise Education.

  • LMU completed its brand new, high-tech Conrad N. Hilton Center for Business  in the Fall of 1995. The center includes "classrooms of the future" and excellent executive and entrepreneurial education facilities.

  • "U.S. News & World Report" magazine has consistently ranked LMU as one of the "Best in the West" schools.In the 1996 and 1997 study, we were ranked as 3rd  Best in the West!

  • In the Spring of 1996 LMU entered its first national New Venture Plan competition (business plans). Since then LMU teams have been exceptionally successful in achieving the finals in the several national competitions in the field of entrepreneurship, as noted here:

  • 1996 - One of nine National Finalists (MBA), at the University of Oregon New Venture Competition.

  • 1997 - One of the finalists (MBA) in an International New Venture Competition at the University of San Diego. We lost to a team from Australia.

  • 1997 - One of 12 National Finalists (MBA) in the New Venture Competition at the University of Nebraska.

  • 1998 -  One of ten National Finalists (MBA) at the University of Oregon New Venture Competition.

  • 1998 - One of ten National Finalists (MBA) at the University of Nebraska New Venture Competition (we took 6th).

  • 1998 - One of nine National Finalists (Undergraduate) at the Miami University of Ohio/Ball State University New Venture Competition in Ohio. We won the "best business plan" award.

  • 1998 - The Conrad N. Hilton Endowed Chair of Entrepreneurship was established and formally inaugurated in March of 1999.

  • 1999 - One of ten National Finalists (MBA) in the University of Nebraska New Venture Competition (we took 4th).

  • 1999 - One of nine National Finalists (Undergraduate) at the Miami University of Ohio/Ball State University New Venture Competition in Ohio. We won second place, losing to a team from Canada. Second prize was $3500 cash, and a new computer for each member of the team.

  • LMU's entrepreneurship program received a $25,000 development grant from the Coleman Foundation in 1996.

  • LMU's entrepreneurship program received a $100,000 grant for developing its programs in 1996 from The First Business Bank of Los Angeles.

  • LMU has its first "Entrepreneur in Residence" for the 1996/1998 academic years.  Joline Godfrey, successful entrepreneur and nationally noted entrepreneurship educator and expert on women entrepreneurs held this position.

  • We successfully formed a student Entrepreneurship Society in 1996.

  • We received a $100,000 Grant from the Kauffman Foundation in 1997/98 to develop an entrepreneurial internship program for our student. This grant was renewed in 1998/99 for an additional $50,000.

  • Joline Godfrey, Our Entrepreneur In Residence was nominated for the prestigious Beta Gamma Sigma Medallion for Entrepreneurship national award, and received it in April of 1997.

  • We received a $5000 grant from the National Collegiate Inventors and Innovators Alliance - NCIIA (Lemulson Foundation) to help our student entrepreneurs create new product prototypes in1998. In 1999 we received a second $19,000 grant from this organization for an innovative joint program between LMU's Engineering School, the College of Business Administration, and a University in Tennessee.

  • LMU hosted a major international entrepreneurship conference in Los Angeles, at LMU, in September of 1997. Called the "East Meets West" international entrepreneurship conference, it drew delegates from 22 countries.

  • Mayor Richard Riordan, and the Los Angeles City Council, declared September 6, 1997 as "International Entrepreneurship Day" in Los Angeles in honor of LMU and our conference.

  • In 1997-1998  we hosted a Fulbright Scholar from Russia at LMU - in the entrepreneurship program. He worked with us in teaching, research, and developing his own entrepreneurial teaching program for Russia. This was a great achievement as only 9 Fulbright awards were given for all of Europe in 1997-98.

  • In 1998 we hosted an IREX Scholar from The Ukraine. She did research and lecturing in entrepreneurship, and returned home to The Ukraine where she earned a sizeable grant from the Soros Foundation to start an entrepreneurial training center in Kharkov.

  • We hosted, over the decade, a number of programs at LMU for the National Association of Women Business Owners (NAWBO), and also hosted, at LMU, a part of the international conference of the International Association of Women Business Owners (IAWBO) in 1997.

  • The LMU MBA entrepreneurship program has its own TEC group, active on campus.

  • LMU Hosted 9 Russian Business & Entrepreneurship practitioners who were on a U.S. Library of Congress sponsored "Russian Leadership Program" to teach them about Western business.



The 1980's


  • "Success Magazine" named LMU's Entrepreneurship program to its elite list of the top 35 entrepreneurship programs in the USA. We were characterized as a "Killer B(ee) School".

  • One of our entrepreneurship faculty members was named "1999 Entrepreneurship Educator of the Year in America" by the U.S. Association for Small Business and Entrepreneurship.

  • One of our faculty members received the teacher "Eddy" Award from the Chamber of Commerce in 1999.  This award included citations from the U.S. Congress, The California State Legislature and Senate, and the Los Angeles City Council.

  • The LMU Entrepreneurship program became the California State "Collegiate Entrepreneur of the Year" award program host in 1999 (and for the future). Our California state winner went on to win the National Collegiate Entrepreneur of the Year Award.

  • We introduced a major in entrepreneurship at the graduate level, and a major (track) and a minor at the undergraduate level.

  • LMU faculty have held major leadership roles in the governance of the major U.S. and world organizations for entrepreneurship, small business and private enterprise over the decade of the nineties. This includes the following positions:

  • National President of the U.S. Association for Small Business and Entrepreneurship (USASBE)

  • National President of the Association for Private Enterprise Education (APEE)

  • Regional President of the Small Business Institute Director's Association (SBIDA)

  • International Director of the International Council for Small Business (ICSB)

  • The faculty have taught entrepreneurship and private enterprise for many years globally, including setting up entrepreneurship education programs at Universities in Singapore, Ireland, Russia and Kazakhstan during the eighties and nineties.

  • For the past decade, several members of the faculty have been heavily involved in teaching entrepreneurship and private enterprise in China and throughout Russia, including European Russia and the Russian Far East, and in places such as Yugoslavia. They set up a small business training center and small business incubator in the Russian Far East, and ran it for five years, using LMU student graduates to run the school and teach entrepreneurship to the Russians. The U.S. Embassy Consul General in Vladivostok bragged that LMU's training program and small business incubator in the Russian Far East  was "The best he had seen in all of Russia by Western Schools trying to help the Russian people learn about the market economy". We received a $165,000 grant from the Soros Foundation in support of this project, as well as a $25,000 Driehaus foundation grant.

  • We have taken over 100 of our MBA entrepreneurship students to South East Asia, China, Europe, Africa and Eastern Europe to study entrepreneurship opportunities as a part of our Comparative Management Systems program over the past twenty years.

  • The faculty are currently heavily involved in research and publishing in the area of  entrepreneurship and private enterprise, including current positions as Associate Editors, and members of the editorial board for seven major international journals in the field of entrepreneurship and small business.

  • The LMU Entrepreneurship program has been cited numerous times in the international media, including articles in the print media, on TV, and on the radio in Singapore, China, Russia, Ireland, Canada, Mexico, and Yugoslavia and the USA.

  • The CBA is accredited by the American Association of Collegiate Schools of Business (AACSB) on both the graduate and undergraduate levels, and has been since the mid-eighties.

  • Our faculty have been active in doing international entrepreneurship research, as well as domestic research on entrepreneurship and small business, and have presented and published over 200 papers at academic and business meetings throughout the world currently, and over the past 25 years.

  • We are founding charter members of the current national student entrepreneurship organization called CEO (Collegiate Entrepreneurs Organization).

  • In partnership with the U.S. Small Business Administration, LMU faculty put on two national "Creativity, Innovation and Entrepreneurship" conferences. They also played major roles in several of the SBA's "YES" entrepreneurship conferences.

  • The faculty have been participating in the Harvard University entrepreneurship programs for a number of years.

  • Our faculty have been heavily involved in developing incubator programs, and virtual incubator programs with several minority organizations in our community.

  • One member of the faculty was one of the first people in the nation to write a Ph.D. dissertation in the area of small business and entrepreneurship training and development in 1982.

  • The faculty have earned several awards for excellence in entrepreneurial teaching from the U. S. Government's SBA, the Creative Education Foundation, the Association for Private Enterprise Education, the U.S. Association for Small Business and Entrepreneurship, the Productivity and Entrepreneurship Council, and the Students in Free Enterprise (SIFE) organization.

  • Our faculty were active in founding the Association of Collegiate Entrepreneurs organization (ACE) and remained active with the group.

  • Our faculty were active with the National Federation of Independent Business, particularly in developing  their training publications.

  • One of our faculty members won the "Leavey Award for Excellence in Private Enterprise Education"  in 1981 (included a $7500 cash award).

  • One of the faculty won the "Best Research Paper" award from the world conference of the International Council for Small Business (ICSB) in Montreal in 1985. It was a paper on entrepreneurship training and development needs.

  • A faculty member was named a Fulbright Senior Scholar, and sent to Ireland to establish auniversity wide entrepreneurship program at the University of Limerick in 1987-1988. Another faculty member earned a Fulbright Scholar Award to Brazil.

  • One faculty member won the "Sargent Americanism Private Enterprise Award" from the Society of Manufacturing Engineers (SME) in 1987, along with a $1500 cash award.

  • The USIA (U.S. Information Agency) sent a member of our faculty on an eight-city lecture tour of Yugoslavia in 1987, teaching about entrepreneurship and private enterprise.

  • The Nations Business Today (U.S. Chamber of Commerce) TV program did a feature story on LMU's small business and entrepreneurship program in 1988.

  • Prime Ticket TV did a feature story on LMU's entrepreneurship and small business training program established for the LA Kings Hockey Team in 1989.



The 1970's


  • In 1972 the CBA was among the first 13 business schools in the nation to answer the U. S. Small Business Administration's (SBA) call to a meeting in Denver to consider participating in the Small Business Institute (SBI) program, becoming one of the major leaders of the program, over the next quarter century.

  • LMU amassed a strong record of excellence in the SBI program, winning 16 District "Best Consulting Case" awards, four regional "Best Case" awards, and one national runner-up "Best Case" award over 20 plus years, until the formal SBI program was discontinued as a Federal program.

  • KABC TV in Los Angeles did a 1/2 hour documentary on our small business and entrepreneurship program in 1978.

  • Our small business and entrepreneurship program won the Public Relations Society of Los Angeles "Prisms" award for having the "Best Community Relations Program" by a non-profit organization in 1978. This is the highest award given by this organization.

  • Our small business and entrepreneurship program also won the national Public Relations Society of America's (PRSA) "Silver Anvil" award in 1979 for our activities in the community. This is the highest  national award given by this organization.

  • LMU's entrepreneurship programs were cited by the Students in Free Enterprise Organization with several awards, including an award as the "Most Outstanding Continuing Program in Support of Private Enterprise" in 1979.