In a rapidly changing and highly turbulent global economy, the ability to think creatively, challenge the status quo, and take calculated risks are “must-have” management skills. The Minor in Entrepreneurship provides students with the chance to develop these critical skills, and to apply entrepreneurial concepts and problem-solving tools to their chosen area of focus. Students who minor in Entrepreneurship will learn to identify market opportunities, assess their value, and mobilize the resources needed to pursue these opportunities. The Minor is not aimed specifically at students who want to launch companies – it is designed to prepare students for success in a range of environments where an entrepreneurial mindset is a distinct advantage – including strategy, corporate innovation and new product development roles. Students will also understand how an entrepreneurial mindset can be applied to key social challenges such as economic development, social justice, poverty, diversity, and globalization.
REQUIREMENTS For The Minor
- STRT-220: Foundations of Entrepreneurship
- STRT-224: Launching Entrepreneurial Ventures
- MGMT-229: Managing Entrepreneurial Ventures
- One Elective from:
- FINC-265: Entrepreneurial Finance
- GBUS-404: Global Innovation Strategy
- GBUS-492: Law, Business & Entrepreneurship
- MGMT-277: Imagination and Creativity
- MARK-239: Practicum in Developing New Products
- OPIM-256: Electronic Commerce
- SOCI-168: Social Entrepreneurship
- STIA-305: Science Tech in Global Arena
The Minor in Entrepreneurship is open to McDonough School of Business students from all majors. However, students must complete STRT 220 before declaring their intent to pursue the minor. STRT 220 is also a prerequisite for STRT 224 and MGMT 229, the capstone course. Please note, students will be allowed to count only one of their four courses in the minor toward any other major or majors.
The Entrepreneurship Fellows Program (EFP) was designed specifically for undergraduate students outside of the McDonough School of Business with an interest in further exploring entrepreneurship. Through a combination of coursework and co-curricular activities, students develop the tools and mindset needed to launch a venture and to succeed in an entrepreneurial environment. EFP will help students understand his or her own personal entrepreneurial aptitude, learn lessons from entrepreneurial mentors and faculty, bond with their entrepreneurial peers and experienced mentors, and be equipped to pursue an entrepreneurial career in either new or existing organizations.
An undergraduate student in any of the three undergraduate schools outside of McDonough School of Business at Georgetown can complete the program by doing the following:
STRT-220: Foundations of Entrepreneurship course (3 credits)
STRT-224: Launching the Venture course (3 credits)
MGMT-229: Entrepreneurial Practicum (3 credits)
Complete either the ACCT-001 or 101 course (3 credits)
Compete in the Start Up Hoya Challenge business pitch competition
Students are invited to apply to the program during the first semester of their sophomore year. Once admitted to the program, students will begin their studies with STRT-220 as early as the spring of their sophomore year.
An individually tailored program may be developed for students whose career goals and objectives are not easily met by one of the standard majors.
The student who chooses the individualized major should select a faculty member who, in consultation with the student, will chart a course of study including relevant business and other courses in the University that would best meet the student’s needs.
The proposed individualized major should be submitted in writing to the Director of the Undergraduate Program with both the student’s and faculty member’s signatures and, if approved, placed in the student’s file. All amendments to the major should also be submitted in writing and approved by the Director of the Undergraduate Program.
The McDonough School of Business and the Graduate School of Georgetown University offer a five-year BSBA/MSFS (Bachelor of Science in Business Administration/Master of Science in Foreign Service) Program. Third-year students in the McDonough School of Business who have maintained an honors academic average are eligible to apply to the Master of Science in Foreign Service. Successful applicants matriculate fully into the graduate program in the fourth year and receive the BSBA and MSFS degrees simultaneously upon completion of the fifth year of coursework (selected courses must satisfy the divisional and elective requirements of both programs). Admission to the BSBA/MSFS Program is competitive and students must satisfy all published application procedures for the Graduate School and MSFS except the Graduate Record Examination (GRE). Applicants must meet with an advisor in the Undergraduate Program Office and an MSFS Admissions staff member prior to submitting an application to determine suitability for the program. These meetings should occur no later than the first semester of the sophomore year.
To be competitive, BSBA students should have a 3.7 cumulative GPA, substantial study abroad experience, work and/or internship experience connected to international affairs, and advanced proficiency in a foreign language.
Tutorials will be offered only to juniors or seniors in good academic standing. Students may take no more than one tutorial per semester. Tutorials must be approved by the Senior Associate Dean of Undergraduate Programs.
Tutorials offer students special opportunities to study subjects that are not part of the regular curriculum. Tutorials should represent an intellectual commitment and workload similar to that required of a normal three-credit course.
Students in the McDonough School of Business interested in setting up a tutorial must meet five conditions: 1) the subject of the tutorial is not available as a regular University course; 2) there is an intellectually compelling reason for studying this subject as part of the undergraduate degree; 3) a faculty member with the appropriate expertise is available and willing to offer the tutorial; 4) the Department chair and the director of the undergraduate program, approve the request; 5) the appropriate paperwork is submitted to the Dean’s Office in a timely fashion (note: forms to request approval for tutorials are available in the Dean’s Office). Any tutorial that is approved as a substitute for a Core or major requirement must be taken for a quality grade (A through D). Tutorials that are taken for elective credit may be taken for a quality grade or on a pass/fail basis (. Credits for tutorials cost the same as regular course credits. All the academic regulations governing the regular curriculum are applicable to tutorials. Tutorials come in two varieties, reading courses and research tutorials:
- Reading courses usually focus on mastering the scholarly literature on a particular subject. For example, a reading course on the origins of the banking crisis might focus on the major historiographical interpretations of the banking industry as well as on critiques of this literature. The backbone of any reading tutorial is a substantial reading list put together with the help of the supervising professor. The tutorial would meet weekly or biweekly and stress discussion of the readings for that period. A variety of written assignments could be an appropriate means of assessment, including, for example, bibliographical essays, critical reviews, or analyses of one or more problems raised by the literature.
- Research tutorials focus on the collection and analysis of primary materials in the form of a major research paper. In framing a project, guidance should be sought from the professor. The most typical flaw in undergraduate research projects is overestimating the amount of material that one can reasonably digest in a single semester or choosing a subject on which necessary data is unavailable. Research tutorials meet weekly or as the pace of the project demands. The final papers vary in length according to the subject, but a 25-page minimum would be typical.
Please note: the material addressed in both reading courses and research tutorials should be defined in a way that allows you to finish all work for the tutorial by the end of the semester. Incompletes are not routinely granted for tutorials.
Internships in Business
Internships permit the student to select a specific area within the field of business to explore outside the classroom. The purpose of an internship is to provide the student with an understanding of how a business actually operates and how business principles are applied. Students may apply for academic credit through one of the following:
- MGMT-310: This course is available to current or rising juniors and seniors and is a three-credit seminar which must be taken for a letter grade. To be considered for credit, all internships must be in the field of business and must provide a significant learning experience for the student. Further information and application forms are available from the Undergraduate Program Office. Students may only enroll in this course once.
- MGMT-311/312: This course is offered only pass/fail and is worth one credit. It does not count towards any major nor towards the 40 courses required for graduation. It is offered both semesters of the academic year and during the summer. Students must be in good academic standing to take MGMT-311 (minimum GPA of 2.0), and the course is open to any current or rising sophomore, junior, or senior. Students may take these courses once.
All students enrolled in McDonough are encouraged to participate in designated and approved programs abroad, organized through the Office of Global Education. There are numerous study abroad programs from across the globe taht are available to McDonough students. Programs are available during the full academic year, each semester, and each summer. Students who wish to participate in study abroad programs during the academic year typically have a minimum cumulative GPA of 3.0. (Some full-year and semester abroad programs may require a higher GPA). Students who wish to study abroad during the summer typically have a cumulative GPA of 2.7. For specific program information, contact the Office of Global Education or visit: http://studyabroad.georgetown.edu. Study abroad advice and academic planning are available in both the Office of Global Education and the McDonough Undergraduate Program Office. A maximum of 17 credits per semester may be taken abroad. All courses taken abroad must be pre-approved by the McDonough Undergraduate Program Office to ensure proper credit transfer. Students requiring financial assistance should consult with their study abroad advisor in the Office of Global Education.
Students wishing to take advantage of short-term summer abroad opportunities can also choose from a wide range of program options and destinations that fit their academic and professional goals. In addition to many short-term programs that are offered through the Office of Global Education, McDonough students can choose from three business-focused programs in Hong Kong, Oxford, and Barcelona. The minimum GPA requirement for each of the summer programs is 2.7. The Oxford program will also require students to have a GPA of 3.0 or higher in business courses. The Undergraduate Program Office offers need-based scholarships for eligible students, who are admitted to the summer study abroad programs. Descriptions of these business summer programs are listed below.
Oxford Summer Program
Georgetown University’s Summer Program in Comparative Business at Trinity College at Oxford University compares business functions in Great Britain, Western Europe, and the United States. Participating students take Comparative Strategic Management (STRT-283), fulfilling a core requirement for McDonough students and International Finance (FINC-250), fulfilling one of the upper-level international business courses for both the International Business and Finance major.
Barcelona Summer Program
The Georgetown-Escuela Superior de Administracion y Direccion de Empresas (ESADE) summer program offers Georgetown business students the rare opportunity to study global entrepreneurship and international marketing at one of the world’s most prestigious business schools. This program combines intensive classroom instruction with cultural activities and visits to key centers of economic activity, with particular emphasis on the many small local businesses that play a vital role in Barcelona’s economy and exemplify the city’s entrepreneurial environment. Students participating in this program take Marketing Across Borders (MARK-229), fulfilling an elective course for marketing majors, and Foundations of Entrepreneurship (STRT-220), fulfilling an elective course for management majors, and a required course for students minoring in Entrepreneurship and those involved in the Entrepreneurship Fellows Program.
Hong Kong Summer Program
This four-week program is designed to enable McDonough students to undertake study in marketing and intercultural communication in Hong Kong, one of Asia’s most dynamic and fascinating cities. The program includes a combination of course lectures and seminars, as well as visits to prominent business and cultural sites in Hong Kong. Students will meet with leaders from various governmental and industry entities to gain insight into the important role that Hong Kong plays at the crossroads of global commerce. The visits will allow students to learn about marketing and its application in various contexts. In addition, students will have the opportunity to experience the unique culture, language, and customs of Hong Kong.
Participating students enroll Principles of Marketing (MARK-220), fulfilling a core requirement for McDonough students, and Intercultural Communication (MGMT-205), fulfilling one of the upper-level courses for the Management, Leadership, and Innovation major, as well as an elective requirement for International Business Regional Studies major. Additionally, this course fulfills the Integrated Writing requirement for McDonough students.
Global Social Internship Program
Rooted in Jesuit traditions that aim to create future leaders who are reflective life-long learners, engage in civic activities, and live their lives in service to others, and in collaboration with the Fabretto Children’s Foundation, the McDonough Undergraduate Program Office has created the Global Social Internship Program. The program is an effort to provide undergraduate students with a transformative platform to engage in service learning and internship opportunities in Nicaragua. As such student interns will spend five weeks in Nicaragua and assist Fabretto with the following activities:
Monitoring and evaluation
Marketing and promotion
Program coordination and support
Students attending this program receive an internship stipend for their five-week internship with the Fabretto Children’s Foundation.
The Global Business Fellows Program is an innovative joint program between the McDonough School of Business and the Walsh School of Foreign Service. This program combines fundamental principles of business with required coursework in international affairs, economics, and languages. Such an interdisciplinary curriculum enables students to analyze and solve challenges that impact business and public policy on a global scale.
Program Design: Students from Georgetown McDonough and SFS will be eligible to apply for admission to the Global Business Fellows Program in their sophomore year. The Fellows program will have three distinctive and inter-related elements: (1) Interdisciplinary Curriculum, (2) the Global Business Experience, and (3) Public Policy Programming. Fellows will take a set of core courses in business, economics, and international affairs, as well as the Global Business Experience consulting course. In addition, students partake in co-curricular programming and professional development opportunities.
Program Requirements: Sophomores will be admitted by November during the fall semester; and will start their coursework in January. This will enable students to work with their academic deans in their respective schools to enroll in the appropriate courses for their sophomore spring.
Application Process: The Undergraduate Program Office in each respective school (SFS and MSB) administers their application process. The prerequisites for application to this program are below.
- One year of a foreign language or equivalent
- Sophomore standing with solid academic record
- Written essay explaining motivation for joining Global Business Fellows Program
The Global Business Fellows Program will be designated on a student’s transcript. In addition, Fellows receive a certificate at graduation.
The Undergraduate Program Office recruits, trains and sponsors elite teams of students to participate at various national and international business case competitions. The competitions present challenging cases, requiring students to apply knowledge from all areas of business study to present innovative solutions. The Undergraduate Program Office also hosts the McDonough Business Strategy Challenge (MBSC) annual case competition - a student led annual, non-profit, live case competition that takes place every winter at Georgetown University.
In the Jesuit tradition of educating the whole person, the McDonough School of Business recognizes the impact that serving the community can have on a student’s development. McDonough strongly encourages students to participate in community service activities, either on their own or through opportunities offered by the University. Students have the option of an additional credit for significant work in the community, if the work is closely tied to a course in which the student is currently enrolled.
Recognizing the benefits of connecting students with established alumni, McDonough’s Alumni Mentor Program links current undergraduates with local alumni who have made great strides within their professional fields. The Alumni Mentor Program gives undergraduates the opportunity to network with recent graduates and learn from their professional experiences. Participants engage in group events as well as casual, individual meetings with their mentors. The program is small and selective to maximize the level of interaction between alumni and undergraduate students.