Master of Entrepreneurship Assessment Plan page 1 of 9 Western Carolina University Program Assessment Plan Master of Entrepreneurship College of Business Assessment Plan for 2006-2007 Primary Contact: Dr. JoAnn C. Carland Director of the Master of Entrepreneurship Program carland@email.wcu.edu 828-227-3798 Mission Statement: The Mission of the Master of Entrepreneurship is to inculcate in graduates an advanced level of entrepreneurial vision and entrepreneurial will. Entrepreneurial vision is: 1) the ability to identify entrepreneurial opportunities that exist, those that represent untapped markets and underserved markets, and those that can be created by applying existing technologies to new fields and new markets; and, 2) the ability to create entrepreneurial opportunities through the invention, development and exploitation of entirely new ideas, products and services, and/or the creation of new industries, infrastructures, and ways of doing business. Entrepreneurial will is the self confidence to actually establish and grow entrepreneurial ventures which is established through the mastery of entrepreneurial skills. Alignment with the University and College Mission: The mission of Western Carolina University is to “serve the people of North Carolina” through “teaching and learning.” The ME program is perfectly aligned with this objective as it employs teaching and learning to create entrepreneurial development skills and abilities which will serve program graduates and the region through the economic development which will result. The mission of the College of Business is to “facilitate student learning for a global business environment...” and to “provide students with technological expertise, discipline-based knowledge, and career enhancing skills.” The ME program is less well aligned with this objective as it does not seek to prepare graduates for employment, but for entrepreneurship. The ME program is aligned with the COB objective of providing discipline based knowledge and it does prepare graduates for careers as entrepreneurs. Master of Entrepreneurship Assessment Plan page 2 of 9 Program Goals and Objectives: Intended Learning Objectives Be innovative and creative thinkers who will recognize entrepreneurial opportunities and recognize when entrepreneurial opportunities can be created. Curricular Experiences Direct Methods of Assessment Indirect Methods Of Assessment Students will develop an intermediate level of creativity through completion of Ent 601, Creativity and Innovation, and through completion of the balance of the required courses, each of which will advance the skill, will develop an advanced level of creativity and innovation. Ent 601 will require examinations and cases and Message Board interaction which deal with creativity and innovation and a term assignment which consists of a creative project. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, the application of creativity and innovation in their own firms and organizations. The survey will be administered by the Instructor and results will be provided to the Program Director. Ent 675 will require examinations and cases and Message Board interaction which deal with intellectual property and a term project which consists of a provisional patent or trademark application. Every examination in every course will include cases which provide an opportunity for the student to display an innovative or creative solution. Ent 660, the capstone course, will require a research paper which develops a personal philosophy of entrepreneurial leadership, which is central to creativity and innovation. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of creativity and innovation. The survey will specifically request information about intellectual property activities and about new products, services, or markets. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Create and establish successful entrepreneurial ventures. Students will develop a basic level of skill through completion of Ent 620 and Ent 610, and an intermediate level of skill through completion of Ent 640, and an advanced level of ability through completion of Ent 625. page 3 of 9 Ent 620 will require examinations and cases and Message Board interaction which deal with venture planning. Ent 610 will require examinations and cases and Message Board interaction which deal with venture creation and a term project which requires the development of a vision statement. Ent 640 will require examinations and cases and Message Board interaction which deal with venture creation and a term project which requires the development of pro formas for a new venture launch and the demonstration of the feasibility of that venture. Ent 625 will require a term project which consists of a business plan capable of supporting the launch of a venture requiring significant capital investment. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to create successful entrepreneurial ventures. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, ventures which they have created or expanded during the course of the program. The survey will be administered by the Instructor and results will be provided to the Program Director. The survey will specifically request information about the types of ventures, number of employees, growth in revenues and employees over the past year, etc, which the graduate has launched or with which the graduate has been involved. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Lead entrepreneurial ventures. Students will develop a basic level of skill through completion of Ent 630 and an intermediate level of skill through completion of Ent 670, Entrepreneurial Strategy. Students will develop an advanced level of skill through completion of the capstone course, Ent 660, Entrepreneurial Leadership. page 4 of 9 Ent 630 will require examinations and cases and Message Board interaction which deal with leadership. Ent 670 will require examinations and cases and Message Board interaction which deal with leadership. Ent 660 will require examinations and cases and Message Board interaction which deal with leadership and a term project which consists of a capstone research paper which presents a personal philosophy of entrepreneurial leadership. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to create successful entrepreneurial ventures. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, leadership experiences which they have demonstrated during the course of the program. The survey will be administered by the instructor and results will be provided to the Program Director. The survey will specifically request information about positions held within entrepreneurial ventures and other organizations and about activities in which the graduate has engaged to effectively lead the people in those organizations. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Develop and maintain an ethical culture within an entrepreneurial venture. Students will develop a basic level of skill through completion of Ent 620 and Ent 630, and an intermediate level through completion of Ent 640, and an advanced level of skill through completion of Ent 670 and Ent 660. page 5 of 9 Ent 620 will require examinations and cases and Message Board interaction which deal with ethics. Ent 630 will require examinations and cases and Message Board interaction which deal with ethics. Ent 640 will require examinations and cases and Message Board interaction which deal with ethics, fraud, and fraud prevention. Ent 670 will require examinations and cases and Message Board interaction which deal with culture, culture creation and change. Ent 660 will require examinations and cases and Message Board interaction which deal with culture and ethics and a term project which consists of a capstone research paper which presents a personal philosophy of entrepreneurial leadership, the central aspect of the creation and maintenance of an ethical culture. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to create and maintain an ethical culture within an entrepreneurial venture. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, the evolution of a personal philosophy of ethics. The survey will be administered by the instructor and results will be provided to the Program Director. The survey will specifically request information about instances of fraud or unethical behavior, steps the graduate took to deal with such behavior and activities the graduate employs to maintain an ethical culture in the venture. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Communicate effectively with the internal constituencies of an entrepreneurial venture, including officers, managers, employees, and agents. Students will develop a basic level of communication skill through completion of the first course in the program, Ent 620, and will progress to an intermediate level of skill through completion of each additional course in the program, achieving an advanced level of skill in the capstone course, Ent 660. page 6 of 9 Ent 620, and every course in the program, will require examinations and cases which require extensive writing assignments and will require weekly participation in a Message Board which also requires extensive writing and interaction and communication with other students and the Instructor. Ent 660 will also require a term project which consists of a capstone research paper which presents a personal philosophy of entrepreneurial leadership, and demonstrates the ability to communicate that philosophy. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to communicate effectively with internal constituencies of an entrepreneurial venture. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, the development of communication skills. The survey will be administered by the instructor and results will be provided to the Program Director. The survey will specifically request information about oral and written presentations and communications with internal constituencies of ventures and organizations with which the graduate has been involved during the course of the program. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Communicate effectively with the external constituencies of an entrepreneurial venture, including customers, investors, lenders, suppliers, and regulatory agencies. Students will develop a basic level of communication skill through completion of the first course in the program, Ent 620, and will progress to an intermediate level of skill through completion of each additional course in the program, achieving an advanced level of skill in the capstone course, Ent 660. page 7 of 9 Ent 620, and every course in the program, will require examinations and cases which require extensive writing assignments and will require weekly participation in a Message Board which also requires extensive writing and interaction and communication with other students and the Instructor. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, the development of communication skills. The survey will be administered by the instructor and results will be provided to the Program Director. Ent 625 will require a term project which consists of a business plan capable of supporting the launch of a venture requiring significant capital investment. The survey will specifically request information about oral and written presentations and communications with external constituencies of ventures and organizations with which the graduate has been involved during the course of the program. Ent 660 will also require a term project which consists of a capstone research paper which presents a personal philosophy of entrepreneurial leadership, and demonstrates the ability to communicate that philosophy. The Program Director will survey past graduates of the ME program with the same instrument every three years. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to communicate effectively with external constituencies of an entrepreneurial venture. Master of Entrepreneurship Assessment Plan Build and grow successful entrepreneurial ventures. Students will develop a basic level of skill in building and growing ventures through completion of the first course in the program, Ent 620, and will progress to an intermediate level of skill through completion of each additional course in the program, achieving an advanced level of skill in Ent 650, and perfecting that skill through completion of the remaining courses in the program. page 8 of 9 Ent 620, and every subsequent course in the program, will require examinations and cases and Message Board interaction which demonstrate the development of the skills required to build and grow entrepreneurial ventures. Ent 650 will require examinations and cases and Message Board interaction which demonstrates the development of the skills required to evaluate the growth and development of an entrepreneurial venture. Ent 660 will also require a term project which consists of a capstone research paper which presents a personal philosophy of entrepreneurial leadership, the principal factor involved in the successful growth of an entrepreneurial venture. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to build and grow entrepreneurial ventures. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, ventures which they have built and grown during the course of the program. The survey will be administered by the Instructor and results will be provided to the Program Director. The survey will specifically request information about the types of ventures, number of employees, growth in revenues and employees over the past year, etc, which the graduate has built or grown or with which the graduate has been involved. The Program Director will survey past graduates of the ME program with the same instrument every three years. Master of Entrepreneurship Assessment Plan Maintain and harvest entrepreneurial ventures successfully. Students will develop a basic level of skill in building and growing ventures through completion of the first course in the program, Ent 620, and will progress to an intermediate level of skill through completion of each additional course in the program, achieving an advanced level of skill in Ent 650. page 9 of 9 Ent 620, and every subsequent course in the program, will require examinations and cases and Message Board interaction which demonstrate the development of the skills required to maintain an entrepreneurial venture. Ent 650 will also require a term project which consists of a harvesting plan for an entrepreneurial venture. Each of these measures will be evaluated by the Instructor of the course to evaluate the student’s progress in demonstrating an advanced level of ability to maintain and harvest entrepreneurial ventures. We will measure attainment of this objective in part by requiring graduating ME students to complete a survey in the capstone course, Ent 660, which addresses, among other things, ventures which they have maintained or harvested during the course of the program. The survey will be administered by the Instructor and results will be provided to the Program Director. The survey will specifically request information about the types of ventures, maintenance strategies, and harvesting plans or activities with which the graduate has been involved. The Program Director will survey past graduates of the ME program with the same instrument every three years.