Oklahoma Business Week

East Central University Stacey Bolin, Rachel Nicholas, and Casey

Black

@ACBSPAccredited #ACBSP2015

Presentation Overview

• Engagement: Setting the Stage• OBW Video• OBW Engagement: Professionals• OBW Engagement: College Students• OBW Highlighted Activities• OBW Research: The Impact on Students• OBW Goals: Mission Accomplished

Engagement: Setting the Stage

• Entrepreneurs contribute to prosperity, create jobs, and fuel innovation (Solomon, Bryant, May, & Perry, 2013; Yallapragada & Bhuiyan, 2011).

86% of the new jobs (Neumark, Wall, & Zhang, 2011)

70% of the world’s production (Ates & Bititci, 2011)

67% of new inventions (Winkel, Vanevenhoven, Drago, & Clements, 2013)

• Despite some debate, entrepreneurship studies cite the ability to teach entrepreneurship (Cheung & Au, 2010; Morris, Webb, Fu, & Singhal, 2013; Raposo & Do Paco, 2011; Schmidt, Soper, & Bernaciak, 2013).

Best results from hands-on, experiential learning (Gerba, 2012; Gibson, Harris, Mick, & Burkhalter, 2011).

References

Ates, A., & Bititci, U. (2011). Change process: A key enabler for building resilient SMEs. International Journal of Production Research, 49, 5601–5618. doi:10.1080/00207543.2011.563825

Cheung, C., & Au, E. (2010). Running a small business by students in a secondary school: Its impact on learning about entrepreneurship. Journal of Entrepreneurship Education, 13, 45–63. Retrieved from http://www.alliedacademies.org/Public/Journals/JournalDetails.aspx?jid=8

Gerba, D. T. (2012). The context of entrepreneurship education in Ethiopian universities. Management Research Review, 35(3/4), 225–244. doi:10.1108/01409171211210136

Gibson, S., Harris, M., Mick, T., & Burkhalter, T. (2011). Comparing the entrepreneurial attitudes of university and community college students. Journal of Higher Education Theory and Practice, 11(2), 11–18. Retrieved from http://www.na-businesspress.com/jhetpopen.html

Morris, M. H., Webb, J. W., Fu, J., & Singhal, S. (2013). A competency-based perspective on entrepreneurship education: Conceptual and empirical insights. Journal of Small

Business Management, 51, 352–369. doi:10.1111/jsbm.12023

References

Neumark, D., Wall, B., & Zhang, J. (2011). Do small businesses create more jobs? New evidence for the United States from the national establishment time series. Review of Economics and Statistics, 93(1), 16–29. doi:10.1162/REST_a_00060

Raposo, M., & Do Paco, A. (2011). Entrepreneurship education: Relationship between education and entrepreneurial activity. Psicothema, 23, 453–457. Retrieved from http://www.psicothema.com

Schmidt, J. J., Soper, J. C., & Bernaciak, J. (2013). Creativity in the entrepreneurship program: A survey of the directors of award winning programs. Journal of Entrepreneurship Education, 16, 31–44. Retrieved from http://www.alliedacademies.org/Public/Journals/JournalDetails.aspx?jid=8

Solomon, G. T., Bryant, A., May, K., & Perry, V. (2013). Survival of the fittest: Technical assistance, survival and growth of small businesses and implications for public policy. Technovation, 33(8-9), 292–301. doi:10.1016/j.technovation.2013.06.002

Winkel, D., Vanevenhoven, J., Drago, W. A., & Clements, C. (2013). The structure and scope of entrepreneurship programs in higher education around the world. Journal of Entrepreneurship Education, 16, 15–29. Retrieved from http://www.alliedacademies.org/Public/Journals/JournalDetails.aspx?jid=8

Yallapragada, R. R., & Bhuiyan, M. (2011). Small business entrepreneurships in the United States. Journal of Applied Business Research, 27(6), 117–122. Retrieved from http://www.cluteinstitute.com/journals/journal-of-applied-business-research-jabr/

The Reach of OBW: Student Capital

•OBW began Summer 2012•Growth in Attendance

New Studen

ts

Returning

Students

College Student

s Involve

d

Summer 2012

62 n/a 15

Summer 2013

72 10 25

Summer 2014

84 15 40

OBW Engagement: Professionals

• Link to Oklahoma Business Week Video on YouTube:• https://www.youtube.com/watch?v=73JpQL7BooE

OBW Video

OBW Engagement: College Students

How OBW impacts our life…

Introduction to the Busine

ss World

Development of

Skills Needed

to be Success

ful

Real World

Experience of Management

Networking with

the Numerou

s Business Professio

nals

Oklahoma Business Week

Highlighted Events

@ACBSPAccredited #ACBSP2015

Board Room Dinners

Board Room Presentations

Tradeshow

OBW Research: The Impact on Students

Statistical Significance between Pretest and Posttest Scores

Student Ratings of their Abilities - Scale 1 to 7

Leadership Skills t(76) = 2.44, p < .01

Recognition of Opportunity t(76) = 2.36, p < .05

Development of New Products and Services t(76) = 2.22, p < .05

Networking Skills and Professional Contacts t(76) = 2.14, p < .05

Problem Solving t(76) = 2.02, p < .05

Creativity t(76) = 1.00, p > .05

Students Considering Entrepreneurship as a Career

Pretest 48Posttest 48Changes 20

I feel more confident speaking in a group or public setting now 91%

I feel more comfortable asking questions if I am not sure about something 90%

I feel more comfortable negotiating my ideas and thoughts 95%

I found my interaction with my CA valuable to my personal development 94%I found speakers, judges and guests valuable for my personal development 97%I feel I am better able to work in a team environment 97%

I feel more flexible and tolerant 92%

I feel I am better able to evaluate and select information 95%

I will work even harder in school after this experience 97%

I will return to school with greater motivation to succeed after this experience 99%This week gave me better ideas about furthering my education beyond high school 94%

I am more excited for my future career possibilities 96%

I am more self-confident 93%

OBW helped me understand what is required to manage a successful business 100%I have a better understanding of corporate/business finance 96%

My understanding of personal finance/credit has improved 92%

I had fun 99%

I will recommend this program to my friends 99%My ability to work under deadlines has improved 92%

I think I am more creative 87%

I would like to return to a future OBW 91%

Has OBW influenced your choice of a college major? 76%

OBW Goals: Mission Accomplished

1. Recruitment of Excellent Students

2. Real World Management Experience for College Students• Planning & Execution of Teambuilding Activities• Assisting with Companies and Dorm Life

3. Networking for the Future

4. Business Professional Engagement

“It was more hands on and we were able to work with other students directly and formed bonds with the other students

which made it a lot more entertaining.”

-OBW Alum

“I actually had hands on learning instead of reading it out of the book, as well as speakers with

success in business showing that I can actually achieve something

later in my future.”-OBW Alum

“It's much more specific and hands on, which I enjoy. You actually put

all of your time to use at OBW, where as in school you waste too

much time. OBW is more fast paced, so I never get bored and I'm always

interested.”-OBW Alum

“I actually learned what it means to run a business. I learned about

all the important details in business. I did not just learn

about leadership skills, but also business skills that are important

to ANY occupation I go in to.”-OBW Alum

“At Howe High School I only learned the basics to business

but only enough to get a taste for it. At OBW I now understand what business is and want it to be part

of my future.”-OBW Alum

OBW Contact Information

Camp Director – Stacey Bolin

(580) 559-5596

sbolin@ecok.edu

OBW Intern – Casey Black

(580) 559-5274

caseyblack13@gmail.com