Living and Learning Entrepreneurship Every Day
Professor Caroline Daniels / Senior Lecturer in Entrepreneurship
“As a professor for the Foundations of Management and Entrepreneurship (FME) course, and an advisor for the John E. and Alice L. Butler Venture Accelerator, I mentor students who shape business opportunities and create new ventures.
“The most important skill set you gain at Babson is an entrepreneurial mindset. You can apply these principles to raising a family, creating a charity, figuring out who you are, and starting a business.”
“Currently, there are more than 250 startup ventures being developed in a wide range of industries including healthcare, consumer goods, electronics, software development, and energy.
“Babson has the greatest number of faculty in the world dedicated to entrepreneurship. As a group, we draw on a breadth of knowledge and practice that is unparalleled. There’s an excitement here unlike anywhere else because students and faculty are energetically focused on creating organizations that create economic and social value.
“Entrepreneurship at Babson, however, goes far beyond starting businesses. In any work experience the ability to innovate is important—that’s the hallmark of a Babson student. Babson students expand their capabilities here, going beyond what they thought they could do to build new skills. The horizons of their personal visions expand.
“Through the FME experience of building a business, the first-year class learns how to grow and develop entrepreneurial companies. The students learn how to build supportive teams so that they feel comfortable exploring their creativity and assessing, taking, and mitigating risks. It’s exciting to watch students encourage each other to become leaders.
“The most important thing you gain at Babson is an entrepreneurial mindset. You can apply these principles to raising a family, creating a charity, figuring out who you are, and starting a business. Learning is a way of life here. It’s about being in love with the process of learning, and applying that learning to taking action in life and in the business world. Babson students get that.
“Students are constantly sharing ideas, sharing skills, and sharing opportunities with one another. Faculty is here to support and guide them, and to help students develop skills and build valuable networks. The learning environment here fosters continuous information sharing among faculty and students, promoting spontaneous and intentional collaboration.
“We focus on developing the whole person at Babson, building character and ethics that are applicable to life and career. Students build an understanding of experimentation and resilience that serves throughout life. We provide the supportive infrastructure to live these skills.”