Foundations of Management and Entrepreneurship

The Foundations of Management and Entrepreneurship course (FME) is a seven-credit, yearlong 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.

Each team of approximately 30 students donates 180 hours, along with all profits, to a local community service agency of its choice. Agencies supported by FME businesses have included Special Olympics, Habitat for Humanity, Fidelity House, Cradles to Crayons, Boys and Girls Club, and Wellesley Housing Authority to name a few. Since 1999, more than $300,000 has been donated by FME businesses to local charities. In the spring 2008 semester, more than $28,000 in charitable donations was made.