Real Life. Real Business
Sept. 7, 2008
Dear Alumni and Friends,
In my first monthly email in August, I introduced myself as the
new Dean of Butler's College of Business Administration. Now I turn
to a much better set of topics; namely, the CBA's exciting people,
events and plans. Of course, there's no better place to begin than
with our mission: To provide an experiential Real Life, Real
Business education from a research-active faculty. As you learn
about this mission, I know that you'll agree that what we're doing
is unique and value added. It's one of the reasons that I chose to
come here as Dean. There's a lot to tell you, so I'll be talking
about Part 1 this month and Part 2 in my October email.
Part 1: What Real Life, Real Business Means to You and Our
Students
For undergraduates, "real life, real business" begins their
first semester on campus with the Freshman Business Experience
(FBE) course. Instead of waiting until the sophomore year to begin
taking business classes, which is the typical approach at most
business schools, FBE introduces our first-year business students
to all of the functional areas of business (accounting, finance,
informational technology, international business, management,
marketing and operations), and starts a semester-long exploration
process based on survey instruments such as the MBTI (the
Myers-Briggs Type Inventory) and the DISC Profile (an assessment of
behavioral types and personality styles: Dominance, Influence,
Steadiness, Conscientiousness) to help students learn about their
strengths, weaknesses and tendencies.
The FBE course is kicked off by the Get Real Weekend which
occurs shortly after Labor Day. Students work in teams in a variety
of activities, facilitated by our dedicated faculty and staff,
which culminate in a personal challenge on the high ropes course in
Butler's Holcomb Gardens. During the semester, each FBE section is
assigned a corporate partner who hosts students for a corporate
visit, visits the class to discuss how the different functions of
business are addressed in their company, and then participates as a
corporate judge for the Top Dawg Business Competition, which ends
the semester. In Top Dawg, FBE student teams present business plans
they have written to a panel of corporate executives whose high,
real world expectations match those of the CBA faculty who teach
FBE.
Students build on FBE in the fall semester of their sophomore
year when they take the Real Business Experience (RBE) course,
which spans two semesters. In the first semester, student teams
develop start-up plans for a viable business and receive initial
funding to test the business concept in the marketplace, which is
not just limited to the Butler campus. Following initial testing,
students present their business model to an independent funding
panel, comprised of alumni and local business executives. If
funded, the students have the opportunity to take the second
semester RBE course, in which they start and actually run their
funded business. Because the timeframe is short, the focus in the
second semester is on risk-taking, learning from mistakes and
breaking even. Each RBE student team (not class, but team) is
guided by a mentor who has significant business experience. What a
way to learn! Remember, RBE is in the sophomore year, just as
students are beginning to learn about business concepts. Why? So
that when students take their core business classes as juniors,
they'll be able to relate the material to the experiences they had
in RBE. And, again, every one of our undergraduates does RBE, not
just a select group of juniors or seniors.
Finally, we focus on Real Life by infusing career development
throughout the four-year curriculum. In addition to a faculty
advisor, students are assigned a professional career mentor from
our Executive-in-Residence program starting from the first day on
campus. Career mentors advise students throughout their years at
Butler and assist in career exploration and internship/employment
preparation. Students are required to complete a four-year,
structured career development plan which requires that each student
complete two internships for credit. By contrast, most business
schools don't even require one internship as a graduation
requirement. Students must receive stamps on a "passport" as they
progress through the four-year program, which includes a variety of
activities and requirements, such as cultural events, job fairs,
alumni panels, mock interviews, resume writing workshops and more.
A full-time staff in the CBA assists the students in locating the
required internships which, more often than not, result in
full-time employment upon graduation. Imagine the level of maturity
and, to use a term of my father's, "work smarts" that this focus on
Real Life develops in our graduates compared with other
programs.
How You Can Become Involved with Real Life, Real Business at
Butler's CBA
As you can see, the "real life, real business" curriculum
provides our students with an extraordinary business education and
a tangible, competitive advantage in the workplace.
But to make "real life, real business" work, we rely on the
involvement of local companies and dedicated alumni to provide
class projects, mentor students, participate in executive review
boards (for the FBE and RBE business plans) and so much more. If
you would like to participate in one of these classes, we would
welcome your involvement. Please email me directly. I look forward
to hearing from you.
Chuck Williams, Dean
College of Business