Entrepreneurship | Mays Impacts - Part 5

Mays Business School students have traveled for the past five years across the Atlantic to take part in a faculty-led winter trip to South Africa and Swaziland. Led by Clinical Professor of Management David Flint and Clinical Assistant Professor of Information and Operations Management Matthew Manley, students spend part of their winter break in South Africa visiting local businesses and national parks. Then they travel to the neighboring country of Swaziland to learn about the non-profit orphanage Bulembu, the businesses that support it, and the challenges of Swaziland’s market environment.

“I thought it was a really interesting combination of not-for-profit work, developing market conditions, and entrepreneurship, so they encouraged me to go visit,” Flint said as he recalled the suggestion from some of his church friends to visit Bulembu.

After visiting the orphanage in the summer of 2013, he came back with a vision of guiding a group of Mays students through South Africa and Swaziland to enhance their cultural understanding and global mindset. 

“The purpose of the trip is to discover how business education and skills can be brought to bear in solving very real and pressing social issues,” Manley said in describing the business aspect of the trip. “There are problems to solve, there is a real urgency, and there are people who are committed to working out the solutions.” …Read more

Categories: Center for Business International Studies, Entrepreneurship, Featured Stories, Former Students, Management, Mays Business, Selfless service, Students, Texas A&M

Put the phone down, earn prizes.

That’s the premise of SAFE 2 SAVE, a mobile app that rewards users for staying off their phones while driving. Since its launch in Fall 2016, it has grown to attract more than 70,000 users. And its founder Mays former student Marci Corry ’01 is continually working to improve it and increase its reach.

While having a conversation with a Texas A&M University student, Corry noticed everyone around them was on their phone. “As I reflected on that and the dangers of texting, especially while driving, it hit me that I should start a positive app that targets adults as well as teens that would encourage people to be hands-free,” said Corry.

The tipping point came when she heard the news of a 19-year-old student who lost his life after he was struck by a driver who was texting. “That’s when I knew I needed to start this company to help grow the awareness and prevent distracted driving as much as we could in Aggieland,” said Corry.

…Read more

Categories: Alumni, Entrepreneurship, Featured Stories, Former Students, Marketing, Mays Business, News, Spotlights, Startup Aggieland, Students, Texas A&M

Categories: Alumni, Dean Eli Jones, Entrepreneurship, Faculty, Mays Business, Mays Innovation Research Center, McFerrin Center for Entrepreneurship, Selfless service, Texas A&M, Uncategorized

The first-place team in the inaugural Aggie Pitch competition on April 20 was Bezoar Labs – a team familiar to McFerrin Center for Entrepreneurship because it received honorable mention in the 2017 Raymond Ideas Challenge.

Of the 10 finalists in the competition in which students from Texas A&M System schools and branch campuses pitch their business concepts, eight had been involved in McFerrin programs (3 Day Startup, Ideas Challenge, and Startup Aggieland).

Bezoar Lab team members said their invention “tackles every element of our planet’s complex web improving its health by creating a safer, more nutritious protein sources for all.” Team members were Ryan Springer, manufacturing and mechanical engineering technologies; and Grace Tsai, nautical archaeology.

McFerrin Center Director Blake Petty said the first competition was encouraging. “Our inaugural Aggie Pitch event showcased the dedication and entrepreneurial spirit behind our top student entrepreneurs,” he said. “McFerrin Center looks forward to enabling the next wave of students within our Aggie Entrepreneurial Ecosystem to be even stronger competitors in 2019 and beyond.” …Read more

Categories: Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Students, Texas A&M

The public is invited to watch the finals on April 20 for Aggie Pitch, the McFerrin Center for Entrepreneurship’s inaugural pitch competition in which students from Texas A&M System schools and branch campuses pitch their business concepts.

 

Registration will start at 9 a.m., and the program will begin at 9:30 a.m. The awards luncheon will begin at noon. RSVP here: www.AggiePITCH.com

In recent weeks, the participants have gotten a chance to showcase their ideas. In addition to a cash prize pool of $50,000, the winners potentially will be considered for nomination to additional business plan/pitch competitions across the nation.

Finalists invited to the April 20 event will be evaluated and scored by a panel of prestigious entrepreneur/investor judges who volunteer with the McFerrin Center for Entrepreneurship. The judging panel includes Blake Teipel, Ph.D., a local entrepreneur and former student collaborated with the McFerrin Center in 2015 to win a number of business plan competitions around his company concept, including the Rice Business Plan Competition. The Aggie Pitch award winners will be announced at the luncheon shortly after noon.

The goal of Aggie Pitch is to encourage all Texas A&M students to explore entrepreneurship and learn how to deliver their business concepts in the most compelling fashion.

…Read more

Categories: Center for New Ventures and Entrepreneurship, Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Research, Students, Texas A&M

Mays Business School takes great pride in its commitment to being on the leading edge of business, education, and research. The latest evidence is the hiring of corporate management and marketing executive Bill Peel ’74 as the school’s executive director of innovation and strategic planning, a role that is unique in higher education.

Peel’s diverse professional background and knowledge of design thinking will be a tremendous asset to Mays. “Bill comes to us with an extensive business background and is someone who is very creative and has a high level of integrity,” said Mays Dean Eli Jones. “Plus, Bill’s an Aggie so he understands and embraces Texas A&M’s unique culture and inherent values.”

In his new position, Peel – who holds degrees in environmental design and architecture from Texas A&M – will facilitate the implementation of the school’s strategic plan. He also will oversee Mays’ marketing, communications, public relations, corporate relations and alumni relations. …Read more

Categories: Dean Eli Jones, Entrepreneurship, Featured Stories, Mays Business, Mays Innovation Research Center, McFerrin Center for Entrepreneurship, News, Staff, Texas A&M

AgScents

By Kristopher Muir, Clinical Assistant Professor

Imagine you’re a Mays graduate student and you just got out of class. In addition to walking to the library, you’re checking voicemails on your phone related to your team’s startup company. In addition to looking at social media to see what your friends are up to, you’re checking your company’s social media page for analytics. During your coffee break, you’re huddling with your CFO, CEO, and other team members in order to solve the latest crisis: your supplier has canceled your order. What do you do? If you can imagine any of these scenarios, you might be a Master of Science (MS) in Business student.

In its second year, the MS Business program is the newest graduate program offered at Mays Business School. MS Business is a 36-hour, 11-month general business graduate degree offered to students who do not have a business undergraduate education.

Mays Business School students have spent this semester “learning business by doing business” through the integrated business experience (IBE) course, designed to teach MS Business students how to start and run their own business in only one semester. In only its second year, the four student-run companies earned a collective profit of $18,352 that they were able to donate to local charities in addition to the 229 service hours. These numbers serve to validate that the MS Business program aligns with both the Mays vision of advancing the world’s prosperity and the Mays Grand Challenge of Entrepreneurship. …Read more

Categories: Entrepreneurship, Faculty, Featured Stories, Mays Business, MS Business, Spotlights, Students, Texas A&M

The world of 3D printing is no longer an unattainable dream; 3D printers have been set up in Startup Aggieland, a facility operated by the McFerrin Center for Entrepreneurship at Mays Business School. These 3D printers can be used by any students who want to print out their innovative new ideas, but as a 3D model and not just as a 2D image.

Charles Hinton, I-Corps Director and Startup Aggieland veteran, is facilitating the startup process for these new 3D printers. As a Texas A&M graduate, Hinton understands the importance of students expressing their ideas in creative ways. According to Hinton, these printers will serve as the beginning of the development of a makerspace in Startup Aggieland, where students and faculty can come to design, experiment, and learn.

These 3D printers will give students the opportunity to build a touchable “first look” at the ideas and gadgets they have created in their head or on paper. This is an incredible feat for students who are looking to become entrepreneurs or students who just want to know if their idea could have any commercial value.

Users of the printer must first generate a model of the product they want to manufacture, which they can do on a 3D modeling software called Solid Works that can be acquired for free from the university. The students then bring their design to Startup Aggieland, where a different software will slice and convert the design to a printable format. The 3D printer can then get to work by adding layer upon layer of raw material fed into the printer to create a final product. …Read more

Categories: Centers, Entrepreneurship, Featured Stories, I-Corps, Mays Business, McFerrin Center for Entrepreneurship, News, Startup Aggieland, Students, Texas A&M

The new Mays Innovation Research Center has an inaugural director: Mays Business School professor Korok Ray, who conceptualized the center as a place to discover how and when innovation occurs, then transfer that knowledge to Texas A&M University students.

Ray, an associate professor of accounting, will lead the center to provide research support to existing and new faculty members across the Texas A&M campus. It will bridge the research at Mays with that occurring in engineering, business, liberal arts, and other academic disciplines. The center will also fund Ph.D. fellowships and undergraduate research opportunities, and award prizes for outstanding research that advances the center’s mission.

Ray’s research interests are performance measurement, compensation, corporate governance, and cost allocation. He has taught accounting at Texas A&M University, the University of Chicago and Georgetown University, and earned his Ph.D. from Stanford University. He also served as the senior economist on the Council of Economic Advisers in the White House from 2007 to 2009.

Ray said he has experienced strong support for the concept. “Dean (Eli) Jones, The Texas A&M Foundation, and our donors have been outstanding in their support of this vision from the beginning,” he said. “I’m thrilled and honored to lead this center into new and uncharted territory, as the conversation on innovation unfolds both on our campus and nationally.  The center will engage students in research, support faculty, and pursue opportunities unique to Texas A&M, with its special combination of first-tier research and first-class values.”

…Read more

Categories: Accounting, Centers, Dean Eli Jones, Entrepreneurship, Faculty, Featured Stories, Mays Business, Mays Innovation Research Center, News, Research, Texas A&M

Store brands, often called “own brands,” have certainly come into their own. Some retailers, like Trader Joe’s, almost exclusively sell private label products. Overall, this category of manufactured goods represents about 20 percent of all products sold at grocery, drug chain, and mass merchant stores. Yielding a higher margin compared to national brands, like Tide or Doritos, the industry is poised only to grow and offer lesser-known, but highly successful, career paths.

In November, seven Texas A&M University students became the first Aggies to attend the Private Label Trade Show and University Outreach program in Chicago. The event attracts 2,800 booths exhibitors from 70 countries with over 5,000 buyers and visitors’ eager to discover innovative new products catering to modern consumer taste pallets, from organic spices, gourmet baked cheeses, to mango Sriracha beef jerky. Some of the attendees included companies partnered with the Center for Retailing Studies in Mays Business School.

Supply chain major and M.B. Zale Leadership Scholar Allison McGraw ’18 said, “I loved this experience! The opportunity to shadow a supplier on day one and then a retailer on day two allowed me to build a more complete understanding of the grocery business.” McGraw will intern next summer with PepsiCo/Frito Lay.

…Read more

Categories: Center for Retailing Studies, Centers, Entrepreneurship, Featured Stories, Marketing, Mays Business, News, Students, Texas A&M