2009 Annual Report the National Black MBA Association®, Inc

2009 Annual Report The National Black MBA Association®, Inc. Vision

The National Black MBA Association’s vision is to be an organization that leads in the creation of economic and intellectual wealth for Blacks.

Established in 1970, the National Black MBA Association® is dedicated to developing Mission partnerships that result in the creation of intellectual and economic wealth in the Black community. In partnership with more than 480 of the nation’s top business organizations, the association has inroads into a wide range of industries and public and private sectors. All of NBMBAA’s partners share one thing: We all are committed to a common goal.

The organization gains its strength from a ﬁ rm belief in community and a commitment to its development through economic and educational initiatives that support the global African-American community.

As a professional membership organization of Black graduates with MBAs and advanced degrees, and entrepreneurs, we will increase the number as well as the diversity of successful Blacks in the business community by: • Providing innovative programs to stimulate their intellectual and economic growth. • Building partnerships with key stakeholders who help facilitate this growth. • Increasing awareness and facilitating access to graduate management education programs and career opportunities in management ﬁ elds.

2 Contents

2 NBMBAA® Mission and Vision 10 Career

4 From the Chairman of the Board 12 Leadership

5 2009 Highlights 14 Entrepreneurship 6 Education 18 Corporate Partners

NBMBAA® Management Team Fred J. Phillips III Barbara L. Thomas Director, IT & Production President & CEO Freeda Warren Elizabeth “Liz” Hope Vice President, Corporate Partner Development Director, Membership, Chapter & University Relations Kim R. Wilson Vera Lewis Vice President, Strategic Program Initiatives Director, Marketing & Communications Reniece R. Wright, MSHR Cecil B. Lucy, JD, CPA Director of Human Resources Vice President, Finance & Legal Services/Chief Financial Oﬃ cer

2009 NBMBAA® Board of Directors Programs and Services William W. Wells Jr., Board Chair Networking Opportunities President, W. Wells & Associates • Local Career Fairs Audrey D. Hines, Vice Chair/Development • Chapter Social Events President, Dillard Hines & Associates • Interaction with other Professional Organizations • Networking with Corporate Leaders and Top Business Schools Dr. dt ogilvie, Vice Chair/ Policies & Procedures Professional Recognition Associate Professor of Business Strategy, Rutgers • Chapter Awards’ Programs Business School • Local Newsletters Treasurer • Board and Committee Opportunities Dimitrius M. Hutcherson, Senior Manager, Deloitte Career Development Secretary • Chapter Workshops with Industry Experts Angela Eason, Senior Manager, Deloitte • Local Mentoring from Senior Members • Employment Networking with Corporate Partners Alvin Brown, Immediate Past Chairman • Top-level Executive Coaching Executive in Residence, Davis Leadership Center, Davis College of Business, Jacksonville University, Local Community Involvement Jacksonville, Florida • Entrepreneurial Outreach Programs • Student Mentoring Opportunities Charles A. Bogguess • Tuition Assistance for MBA and PhD Students Consultant, Next Age Consulting Thomas W. Dortch Jr. Chairman and CEO, TWD, Inc. Leonard James III U.S. Business Development Manager, ExxonMobil Fuels Marketing Company

® Oscar Joyner NBMBAA Background President, REACH Media, Inc. Conceptualized ...... 1970 Steve C. Lewis Incorporated ...... 1972 Director, Strategic Planning, Manufacturing Status ...... 501(c)3 Non-profi t Executive Offi ce, Ford Motor Company Headquartered ...... Chicago, IL Kandance Weems Norris Scope ...... National Partner, Cumby + Weems LLP Professional Chapters ...... 43 Quentin Roach Collegiate Chapters ...... 25 Chief Procurement Offi cer, Bristol-Myers Squibb Members ...... 7,500 Keith R. Wyche Corporate Partners ...... 486 President, U.S. Operations, Pitney Bowes Management Services 3 FROM THE CHAIRMAN OF THE BOARD WILLIAM WELLS JR.

recovery. Last year’s Conference was a bright spot in the year, allowing participants to interact with some of the nation’s brightest and most highly talented leaders. Our attendees also had the opportunity to learn from various key thought leaders shaping the future direction of business and education. Even more important were the opportunities to network with those working across a wide spectrum of industries and sectors. We invited attendees to embrace futurist thinking not only as it related to their careers, but also to their lives, and The National Black MBA Association they were up to the challenge. (NBMBAA) is an organization focused on providing access – access to talent, access to As an association, NBMBAA places a very high resources and access to a host of opportuni- value on our attendees’ time and willingness to ties that propel individuals and organizations engage in important activities such as our Annual forward. Much of this access comes through Conference and Career Exposition. As such, we connections. Our highly-valued connections strive to align what we do strategically with per- with hundreds of educational institutions and sonal and professional pursuits, both today and corporate partners, greatly enhances our abil- going forward. Also, we strive to be as relevant ity to ensure our members have access to edu- as possible and provide our constituents with a cational and career opportunities and to ensure comprehensive array of workshops, panel discus- that companies and institutions have access to sions, plenary sessions and much, much more. these talented, diverse business professionals. This helps create a platform where highly talented diverse professionals are able to launch their ca- In 2009, our Conference theme Connect/Re- reers, strengthen their relationships and position connect fi t perfectly with our presence in New themselves strategically to access a wide variety Orleans. Four short years after we were forced of opportunities. Even with the downturn in the to relocate our Conference from New Orleans to economy, our two-day career fair continues to be a San Diego due to Hurricane Katrina, we returned major success, bringing in hundreds of the coun- to New Orleans for our annual Conference with try’s top corporations, organizations and agencies, a focus on reestablishing connections between as well as higher educational institutions – all those who may have lost track of friends or col- with the intent of attracting and retaining talented leagues, or lost track of the critical need to com- professionals at various stages in their careers. municate not just electronically, but face to face. As New Orleans continued to work hard to As we move past 2009 and into a continually provide the type of engaging venue that it has changing and uncertain future, I am confi dent long been known for, we were pleased to be a that NBMBAA will continue to provide reward- part of the city’s rebirth and rebuilding. ing, relevant and fulfi lling events that facilitate relationship-building and strengthen our shared In 2009, there were many challenges facing our journey. nation particularly the economic downturn that hit everyone very hard. However diffi cult William W. Wells Jr. this has been, we are slowly moving toward Chairman of the Board

4 2009 Highlights

Why NBMBAA®? NBMBAA® remains on the leading edge of providing educational and professional access for African Americans. • Networking opportunities on both the local, chapter level and the national level • Professional assistance with career advancement • One stop shop for up to date information on the business/ﬁ nancial industry • Scholarships for graduate and undergraduate students to continue their education All of which lead back to our mission to lead in the creation of educational opportunities and economic growth for African Americans.

A 40-Year Legacy… Through 2009 and into 2010 we begin cel- ebration of our 40th Anniversary. Over that period NBMBAA has: • Established a national platform that enables major corporations and business schools to locate, recruit and integrate qualiﬁ ed African American professionals into their leadership structures and business school …And Beyond programming. Over the next 40 years, NBMBAA will: • Served more than 240,000 African Ameri- • Continue to expand its graduate and under- can MBA’s through its annual conferences graduate programs for students and career fairs. • Continue to work closely with the local • Partnered with more than 3,000 national/ Chapters to provide the necessary support global corporations, universities and busi- they require ness schools. • Constantly renew and evolve partner re- • Assisted corporations in hiring 62,000 Afri- lationships with major corporations and can American MBA’s in management and/or business schools leadership positions in the United States. • Continue to add new partners and sponsors to work with us in the fulﬁ llment of our mission Fast Facts NBMBAA members: 7,500 Percentage of members with an MBA: 75% 2009 Annual Conference attendance: 9,753

5 Education

Leaders of Tomorrow® Founded in 1991 at the NBMBAA® 13th Annual Conference and Exposition in New York, the Leaders of Tomorrow® Program (LOT) is an academic enrichment and leadership program serving high school students who demonstrate leadership potential. The LOT program currently serves approximately 700 young adults, ages 14-18, in 44 chapters throughout the United States History and Canada, along with a contingency in London. In 2001, the Washington, D.C. Chapter of the Through local and national programming, National Black MBA Association initiated a LOT students are provided the opportunity conference call with chairs of the Dallas, Texas, to develop their leadership, academic and and Atlanta, Ga., Leaders of Tomorrow® programs personal skills through specialized curriculum to discuss a way to challenge participants in local that focuses on mentoring, cultural exposure, programs to achieve at higher levels through experiential learning and college preparation. competition. Soon thereafter, the Houston, Our purpose is to prepare students for college Texas, chapter was invited to participate in and support their successful transition into the discussion, and the program chairs agreed adulthood. LOT programming includes an to have students analyze a graduate-level annual Global Leadership Camp, LOT Business business case and compete for prizes. The chairs Case Competition, LOT Conference and local and wanted to prove that high school students who national scholarships. might be considered at-risk could perform at an advanced level if given the training and resources For more information regarding Leaders and if the bar for excellence was set high. of Tomorrow® and the National Black MBA Association®, please visit our website at: www. The competition was set for June 23, 2001 at the nbmbaa.org. Georgia Power corporate headquarters in Atlanta, Ga., and The Leaders of Tomorrow National Business Case Competition was born, with just those four teams competing. The Dallas and LOT ® Case Competition Washington, D.C., chapters tied for fi rst place, and split a grand prize of only $100. The LOT® National Business Case Competition challenges high school students across the Since the fi rst year, the competition has grown to country to excel at the highest levels of analysis, include teams from across the country and has public speaking, strategic planning, fi nancial awarded more than $65,000 in scholarship funds. analysis, marketing and management. In 2002, the competition partnered with the fi rst corporate sponsor, ExxonMobil, to dramatically After advanced training by members of the increase the scope of the competition and the National Black MBA Association, competing amount of scholarship money awarded. teams analyze a graduate-level, Harvard-style business case, then present recommended Each year, the competition is facilitated by the solutions, forecasts, and implementations chair of the coordinating committee. To date, before judges from the highest levels of the case competition has had three chairs: business and academia. Winning teams receive Thomas Brooks, Angela Dixon Van-Croft, and thousands of dollars in scholarship prizes. Tamika Tyson.

6 Pictured: the Austin Leaders of Tomorrow case competition team (foreground, l to r) – Olivia Brown, Denise Manning, Jasmine Lee, DeRon Octave and Kennie Crockett. They are congratulated by (background, l to r) LOT Case Competition Chair Tamika Tyson; NBMBAA Board Chair William Wells; NBMBAA Board Member Leonard James III, ExxonMobil; Brad Davis, Nationwide Mutual Insurance Co.; and NBMBAA President & CEO Barbara L. Thomas.

8th Annual Competition, June 25-27, 2009 Host Chapter: Detroit recommending solutions to a complex business Host School: University of Michigan Ross case to a judging panel of corporate executives. School of Business The case competition awards scholarships Case Topic: Samsung totaling $35,000 to the top three ranking teams, Winners which then compete at the national confer- First Place: Austin ence. Students receive four weeks to analyze Second Place: South Florida and solve a complex business case. Third Place: Memphis Other Finalists: Western NY; Washington, D.C. 2009 CONFERENCE RESULTS

NBMBAA Finalists Case Competition® • Emory University • University of Washington • Vanderbilt University VISION: • University of North Carolina-Chapel Hill The delivery of a case competition that serves • Winston Salem State University as the premiere venue for national and busi- • University of Texas-McCombs ness solutions, imaging support, and corporate recruitment while providing a venue for Winning Teams Scholarship minority student scholarships. Money Awarded OBJECTIVE: First Place To stimulate the development of intellectual University of $15,000 North Carolina at wealth, to demonstrate the value of successful Chapel Hill teamwork and to foster the spirit of healthy competition. The target market that may par- Taalib al’Salaam James Bryant ticipate in this competition are graduate busi- Aeisha Williams ness school students. Second Place OVERVIEW: Emory University $12,000 Established in 1992, the NBMBAA Case Ronke Adebiyi ® Competition was established to increase Lisa Brown student participation and interaction in the Daniel Graham NBMBAA® Annual Conference. MBA students Third Place from more than 30 universities compete Winston Salem $8,000 for ranking, scholarships and employment State University opportunities. Each three-person team is Miranda Dalton comprised of minority graduate business Willie Hunt students. Students showcase their talent by J. Nathan Thompson

7 Education

NBMBAA Case Competition® Historical Overview Year Location Registered Competed # Of # Of Advisors Actual # Scholarships Students Of Judges/ Moderators 2009 New Orleans, LA 23 20 60 8 21 $35,000 2008 Washington DC 35 31 83 23 $35,000 2007 Orlando, FL 33 30 88 12 22 $35,000 2006 Atlanta, GA 31 29 92 10 24 $35,000 2005 San Diego, CA 32 28 97 12 22 $35,000 2008 2004 Annual Conference-Washington DC: The Annual Conference-Houston, TX: The 2004 2008 program consisted of 31 universities, program consisted of 30 universities. Winning which represented 83 students. Winning teams: teams: 1st Place: Michigan State University - 1st Place: Florida A & M University - $15,000. 2nd $12,000. 2nd Place: Georgia State University - Place: University of Tennessee - $12,000. 3rd $9,000. 3rd Place: Baylor University - $6,000. Place: University of Texas at Austin - $8,000. 2003 2007 Annual Conference-Philadelphia, PA: The Annual Conference-Orlando, FL: The 2007 2003 program consisted of 34 universities. program consisted of 30 universities. Winning Winning teams: 1st Place: Vanderbilt University teams: 1st place: Florida A & M University - $12,000. 2nd Place: Emory University - $9,000. - $15,000. 2nd place: New York University 3rd Place: Bentley College - $6,000. - $12,000. 3rd place: University of Chicago - $8,000. 2002 Annual Conference-Nashville, TN: The 2002 2006 program consisted of 32 universities. Winning Annual Conference-Atlanta, GA: The 2006 team: 1st Place: Michigan State University - program consisted of 29 universities. Winning $12,000. 2nd Place: University of California- teams: 1st place: University of Stellenbosch, Los Angeles - $9,000. 3rd Place: University of South Africa - $15,000. 2nd place: Hampton Michigan - $6,000. University - $12,000. 3rd place: University of Georgia - $8,000. 2005 Annual Conference-San Diego, CA: The 2005 program consisted of 28 universities. Winning teams: 1st Place: University of Georgia - $15,000. 2nd Place: Michigan State University - $12,000. 3rd Place: Pennsylvania State - $8,000.

Cerise Thomas | Chrysler 8 NBMBAA® National Scholarship Program VISION: Identify and increase the pool of Black talent for public, private and non-proﬁ t businesses.

OBJECTIVE: The NBMBAA National MBA Scholarship The National Black MBA Association’s goal is to Program awards scholarships to the top 25 build a solid pipeline of support through which candidates identifi ed through our annual essay young people and our members can travel from competition. Recipients are selected based the classroom to the boardroom. The organi- upon their written responses to an essay topic, zation provides more than $500,000 dollars most recent grade point average, verbal com- annually in scholarships to undergraduates, munication skills and level of extra-curricular graduates and doctoral students pursuing careers activities and community involvement. The in business. scholarship package includes monetary awards, The NBMBAA Collegiate Chapter Scholarship travel, accommodations and registration to our Program awards scholarships to student mem- annual Conference. Scholarships range from bers of our collegiate chapters. Recipients are $2,000 to $15,000. selected based upon their written responses to The NBMBAA National PhD Fellowship an essay topic, level of extra-curricular activity Program awards two fellowships annually to and community involvement, grade point aver- qualifi ed individuals identifi ed through our age and interview score. application process. Recipients are selected The NBMBAA National Undergraduate based upon their written responses to a research Scholarship Program distributes $1,000 to topic, most recent grade point average, verbal undergraduate minority business candidates communication skills and level of extra-cur- identifi ed through our local chapters. Recipients ricular activities and community involvement. are selected based upon their written responses The fellowship package includes monetary to an essay topic, level of extra-curricular activ- awards, travel, accommodations and registra- ity and community involvement, grade point tion to our annual Conference. The fellowship average and interview score. amounts range from $5,000 to 15,000.

2009 SCHOLARSHIPS ▼ NBMBAA Case Competition® Number of Awards Given Total Dollars National Champions representing the University Applications Awarded of North Carolina at Chapel Hill: (from L to R) Taalib MBA Awards 551 13 $161,000 al’Salaam, Aeisha Williams and James Bryant with Lisa Doctoral Awards 25 2 $ 20,000 J. Wicker, Director – Talent Management, Global Diversity and Leadership Development, Chrysler Number of Chapters Awards Given Total Dollars Group LLC, at the awards Participating Awarded program in New Orleans on Friday, Sept. 25, 2009. Undergraduate Awards 43 12 $12,000 Collegiate Chapter 19 5 $25,000

9 Career

NBMBAA® 2009 Award Winners NBMBAA® honors MBA professionals for their work in key areas, including leadership, education and entrepreneurship.

▼▼ MBA of the Year Mayor Ray Nagin Jr.

H. Naylor Fitzhugh Award of Relevance First Lady Michelle Obama

Silver Torch Award Pat Crawford, Wells Fargo

Dr. William J. Qualls Award for Excellence Nicole Chestang

President’s Award for Outstanding Leadership Kelvyn A. Moore

Chairman’s Award Kenneth Charles

Helping Hands Award Marian Wright Edelman

Communicator of the Year Tavis Smiley

Entrepreneur of the Year Janice Bryant Howroyd

Educator of the Year Dr. Stephen “Steve” Perry

10 2009 NBMBAA Career Fair® Despite the challenging economy, NBMBAA welcomed nearly 300 companies to the Career Fair fl oor at the 31st Annual Conference and Exposition in New Orleans. The corporate attendance was a testament to NBMBAA’s abil- ity to connect them, in person, with top-level talent. The 5,000+ job seekers who attended had the opportunity to connect with companies off ering real careers. The Career Fair also Professional Development off ered companies the opportunity to attract At the 31st Annual Conference and Exposition, talent together through the diff erent con- NBMBAA continued to off er cutting-edge pro- sortiums – Minnesota, Peachtree (Atlanta), fessional development sessions through the Wisconsin, New Jersey and Bayou. These Leadership Institute®, which featured sessions unique combinations enabled companies in debunking common leadership myths, and one state or city to work together to attract tal- opportunities for attendees to hone their per- ent to their geographic area. suasion skills and bolster their fi nancial savvy. The 31st Annual Conference again featured The messages translated to things participants the NBMBAA Career Success NetworkSM (CSN) took home. Roger Hamilton, a manager in the center, which was created in response to City of Houston’s Planning and Development, is demands from members and partners for addi- a regular Leadership Institute participant. Two tional resources to assist in development of years earlier, he took home insights about per- career skills. The CSN provided onsite coach- sonalizing his approach to each employee. In ing, résumé feedback, and interviewing skills 2009, he left with fresh ideas about how to moti- workshops, designed for anyone from recent vate his staff and facilitate their growth. “Every graduates to high-achieving mid-career level year I come to these and take one thing away and professionals. An on-site Cyber Café provided try to work it in,” he said. attendees the chance to take what they learned in the CSN and apply it to their résumés – on The 2009 Conference Learning Sessions also the spot. off ered high level professional development opportunities that not only helped attendees NBMBAA Employment Network® and to retain and perform better at their positions, Conference Job Match, a function of the but also assisted companies in retaining their employment network service, leveraged web- workforce. based resources to help employers fi nd and screen qualifi ed candidates for management positions that require an MBA or advanced experience.

11 Leadership

NBMBAA leads from the ground up through • Scholarship Programs its 44 local chapters. It is at this level that • Professional organization partnerships NBMBAA members impact their local com- • Public recognition munities, making a day-to-day diﬀ erence in • Chapter/NHQ Collaboration the lives of the students they mentor and the • Chapter Financials – positive revenue members they support. generation

2009 Chapter of the Year Winners Award Winners Cleveland The 2009 Chapter of the Year award is refl ec- tive of the work accomplished by the Chapter Chapter President: during the 2008 calendar year (January 1, 2008 Jeanette Haynes-Gordon - December 31, 2008). Three Chapters were honored at the 2009 National Conference & The Cleveland Chapter was honored for its Exposition, awards refl ecting those Chapters many achievements, including holding its that made the greatest contribution toward own diversity career fair three years running, growing membership, developing pro- raising nearly $20,000 for its endowment grams and maintaining standards and best fund in 2008. The chapter also held a number practices. of key member events, including a monthly Leadership Breakfast, which allows members Nominated chapters were evaluated in the the opportunity for them to hear from and following areas: speak with a CEO or other senior level execu- • Programs – national program alignment, tive as they address diff erent topics relating community service activities to leadership development. In 2008 the chap- • Corporate & Education Partner Relation- ter awarded $19,000 in scholarships for local ships students.

12 Columbus 2009 Chapter Highlights

Chapter President: Multiple chapters have provided profes- Oyauma Garrison sional certifi cation classes to their member- The Columbus Chapter highlighted a number ship – Cleveland and Louisville provided a of unique member programs, including an Six Sigma certifi cation opportunity for their annual résumé writing critique and interview- members; several other chapters have pro- ing skills workshop, as well as a Success Speaker vided grant writing workshops series and its Career Connect program, which The Pittsburgh Chapter awarded $180,000 provides corporate partners a unique forum to in scholarships in 2009, impacting the lives of introduce the business they represent, to share many students by funding their education. the company’s culture, introduce career opportunities, and highlight products and services Many chapters hold regular career fairs, job they provide to a group of highly qualifi ed and newsletters and other employment opportuni- interested candidates and potential customers. ties. The Westchester/Greater Connecticut In a breakthrough year, the chapter awarded Chapter and Piedmont Triad chapters $30,500 in scholarship in 2008 and, since the recently held career fairs, and the WGC chap- inception of its LOT® program in 2003, has ter extended the opportunities into a virtual awarded more than $112,000 to deserving local career fair for their members as well. students. The Mideast Region and North Carolina Chapters held conferences to provide learning opportunities for their members. Dallas-Fort Worth The Chicago Chapter held a CFO Summit, titled “Creating Value in an Unpredictable Chapter President: Economy,” bringing together three top level Kathy Valentine local CFOs for a frank and timely conversa- tion about their ever-changing roles in today’s From 2008-2009, the Dallas-Fort Worth Chapter domestic and global marketplaces. lost approximately 50 percent of its traditional corporate funding, but the board members The Toronto Chapter gave two dozen Black came through for the Chapter by doing some high school students a glimpse into the heart out-of-the-box thinking and creative brain- of the city’s fi nancial district, as part of a storming that led to new ways of delivering pilot mentoring program designed to speed programs, while keeping the chapter profi t- the chapter on the way to a full LOT® pro- able. Despite the tough year, the Chapter still gram. Twenty-three students from Sir Sanford came through on programming and on schol- Fleming Academy in the city’s Lawrence arships, off ering awards to three tiers of can- Heights neighborhood spent the day with didates, ranging from high school up through association members in the boardroom of the graduates pursuing their doctoral studies. TD Canada Trust Tower, discussing fi nancial management, team-building and careers.

13 Entrepreneurship

2009 Entrepreneurial Institute City Tour

During the summer of 2009, The National Black MBA Association® partnered with State Farm (presenting sponsor) and Wells Fargo (supporting sponsor) to develop and present a series of business-building opportunities and resources for those committed to creating jobs, building wealth, and participating in the economic recovery. On May 30, 2009, State Farm and the NBMBAA kicked-oﬀ the Entrepreneurial Institute City Tour in Chicago, Ill. It was an intense day of development for both start-up and established entrepreneurs. Hosted by the NBMBAA, this all-day event provided insights to those trying to start or grow a business and ﬁ nd opportunities in a tough economy. The tour continued to the following cities: Los Angeles, Calif. – June 6, Atlanta, Ga – August 8, Houston, Texas, – August 22, and Philadelphia, Penn. – August 29, 2009. Act• 1 Group founder and CEO Janice Bryant Howroyd served as featured speaker for the tour in three cities. Howroyd provided inspiring examples of how entrepreneurial drive can be transformed into a multi-billion

14 dollar business enterprise. Houston attendees were treated with a keynote message from Dr. Randal Pinkett, founder, chairman and CEO of BCT Partners, a multimillion dollar consulting fi rm based in Newark, N.J. Pinkett also was named the winner of season four of NBC’s hit reality television show, “The Apprentice,” with Donald Trump. Also during the tour, NBMBAA partnered with Chicago Technology Offi ce Group (CTOG) to present an Innovation Whiteboard Challenge, which was an opportunity for aspiring entrepreneurs to pitch an idea for a chance to win $1,000 and an invitation to compete at the NBMBAA 31st Annual Conference & Exposition in New Orleans. More than 600 entrepreneurs attended the fi ve- city tour. Each event was composed of two learning tracks – Start-Up and Growth. Both learning tracks off ered two series of training (one morn- ing session and one afternoon session led by a fi eld expert). Fifty-nine percent of those registered selected the Start-Up Track as their learning opportunity, and 36 percent selected the Growth Track.

15 Entrepreneurship

2009 Entrepreneurial Institute

The 2009 Entrepreneurial Institute (EI) gave participants the chance to start a new venture or grow an existing one, as well as the chance to see how socially conscious businesses take root. NBMBAA/Wells Fargo Entrepreneur Excellence Workshop participant Esinam Glakpe said Award winners Kia Steave- the information proved “very relevant” to her Dickerson and Willie Davis Jr. receiving their prizes at the current post in life. A part-time MBA student 2009 Conference. at the University of Chicago Booth School of Business and a full-time Procter and Gamble Scientist/Engineer, Glakpe said. “I’m trying to cultivate my passion, so that I have no future regrets.... As an entrepreneur, there are risks. The [Institute] provides steps you can take to maximize your chances at success.” The EI emphasized partnerships and tied back to the Conference theme by connecting entrepreneurs not just to each other, but also to companies and technology. “Even during an economic downturn, who you partner with says a lot,” said Lacy Dubose, an agency ﬁ eld executive at State Farm, a key sponsor of the

Panelists from the “Why Didn’t I Think of That?” Plenary.

16 EI. “Relationships are recession-proof. When you have a combined focus – community, pro- Key Accomplishments: fessional development, entrepreneurship – that The 2009 Entrepreneurial Institute kind of synergy is priceless.” continued to build upon the foundation by: NBMBAA/Wells Fargo Entrepreneur Excellence • Providing comprehensive Awards went to Kia Steave-Dickerson, owner programming for aspiring, current of K.I.A. Design & Construction Enterprises, business owners and social Inc. and Willie Davis Jr., owner of Just Bucket entrepreneurs. Excavating, Inc., who each received a cash grant • Increasing the scope of the of $5,000. Curtis Jewell of MyCypher.com won Entrepreneurial Institute and $10,000 for his 5-minute whiteboard presen- cultivating a rapidly emerging market tation, which outlined the business case for segment by developing and adding a MyCypher.com. new track for social entrepreneurs. The EI continued during the Friday Plenary, • Receiving favorable in-person “Why Didn’t I Think of That!” sponsored by Wells feedback from all speakers. Fargo and moderated by Dr. Randal Pinkett, • Identifying and attracting a national founder, chairman and CEO of BCT Partners, a caliber faculty of practitioners and strategic management, technology and organi- thought-leaders. zational development consulting fi rm. • Providing a ready venue for Panelist Phil Davis of iCubed International LLC knowledge transfer among has honed his entrepreneurial instincts over participants – all speakers’ books many years. He launched a deodorant for teens were sold after each session. and a soul food restaurant before stumbling • Having fi ve regional semi-fi nalists and upon his latest business idea, a portable micro- an at-large contestant compete in the wave oven. The energy-effi cient appliance has won quite a following among people who are on Innovation Whiteboard Challenge. the go or live in compact spaces. First prize was $10,000 – a 100 percent increase in prize money over James Jenkins, another panelist, won the real- 2008. The fi nals attracted more than ity television show Everyday Edisons for his 500 spectators. patented CitiLug product, which allows shop- pers to carry bags hands-free. And middle- • Added the Supplier Diversity schooler Jordan Culpepper, Black Enterprise’s Meet and Greet, where corporate Teenpreneur of the Year, discussed plans to pay representatives from State Farm, for college with the money he’s earned selling Boeing, Target and Burger King buttons for every occasion. off ered contracting opportunities The key to their successes was taking action. to qualifi ed participants. The event Even when they didn’t have all the answers, they provided 33 one-on-one appointments were pro-active about asking questions, seeking for suppliers to meet with corporate help and moving forward. “We take ourselves and council representatives in out of the game thinking that if we don’t know Louisiana. it, we can’t do it,” Pinkett said.

17 Partners

Deutsche Bank Georgetown University 2009 Corporate Partners Diageo McDonough Dr Pepper Snapple Group Georgia Tech College of STRATEGIC Bentley University DTE Energy Co. Management Beta Gamma Sigma Duke Energy Gilead Sciences PARTNERS Bill & Melinda Gates Duke University GlaxoSmithKline GlobalHue Chrysler Group, LLC Foundation E. & J. Gallo Winery Black EOE Journal Eaton Corporation GMAC LLC Dell Booz Allen Hamilton Ecolab Inc. Goldman, Sachs & Co. Deloitte Boston Scientifi c Education Pioneers Harland Clarke ExxonMobil Boston University Eisai Harley-Davidson Motor Co. Ford BP Eli Lilly and Company Bristol-Myers Squibb EMC Corporation Harrah’s Entertainment Marriott Broad Center(The) Emory University The Hershey Company Target Burger King Corporation Entergy Corporation Hewitt Associates Wells Fargo C.R. Bard, Inc. Environmental Defense The Home Depot Campbell Soup Fund Howard University MBA Company EQT Corporation Program CORPORATE Cargill Inc. Ernst & Young LLP Humana, Inc. Case Western Reserve ESPN, Inc IBM PARTNERS University Express Scripts, Inc. Intel Corporation CDC Development Pharmacueticals Interstate Brands 3M Solutions Corporation 7-Eleven Exxon Mobil CDS International, Inc. Corporation International Franchise A.T. Kearney Central Intelligence FDIC Association Abbott Laboratories Agency Federal Aviation Iowa Careers Accenture Chevron Corporation Administration Consortium ADP Chick-fi l-A, Inc. Federal Bureau of John Deere Aetna Chrysler Group, LLC Investigation (FBI) Johns Hopkins Carey Air Products and Cintas Corporation FedEx Business School Chemicals, Inc. Citi Federal Home Loan Bank Johnson & Johnson Allstate Insurance Clark Atlanta University System Johnson Controls Company The Clorox Company Federal Housing Finance Johnson Graduate Amazon School of Management The Coca-Cola Company Agency (FHFA) American Airlines JP Morgan Chase Colgate-Palmolive Federal Reserve American Express Finra Kaplan, Inc. Company College of William and Mary (The) The First American Kellogg Company American Family Corporation Kellogg School of Insurance Columbia Business School Ford Motor Company Management Amgen Comcast Fordham University Kimberly-Clark AON Corporation ConAgra Foods Inc. Graduate School of Apollo Group KIPP Foundation Consortium for Graduate Business Astellas Pharma US Study in Management Forest Laboratories, Inc. KPMG LLP AstraZeneca Cornell University-The Fortune Brands, Inc. Kraft Foods AT&T Johnson School FPL Group Kroger AutoZone Cox Enterprises, Inc. Freddie Mac Liberty Mutual Bank of America Credit Suisse Gallup Consulting Limitedbrands, Inc. Bank of New York Cricket Communications GE Lincoln Financial Group Mellon (The) Danya International, Inc. Genentech Lockheed Martin Baxter Healthcare Darden Restaurants General Mills L’Oreal USA Corporation Dell George Washington Louisiana State Bayer Corporation Deloitte University School of University - Flores MBA BB&T Program Delta Air Lines Business (The) BD Lowe’s Companies, Inc. Manpower 18 Marriott International Oracle Corporation Thunderbird, School of University of New Mars NorthAmerica Peabody Energy Global Management Orleans Marshall and Ilsley Penn State SMEAL MBA Thurgood Marshall University of Notre Corporation Program College Fund Dame Mass Mutual Financial PepsiCo TIAA-CREF University of Phoenix Group The PhD Project TouchMeGreetings.com University of St. Thomas MasterCard Worldwide Pitney Bowes Inc. Toyota Motor Sales The University of Texas Mattel, Inc. PNC U.S.A. Inc. at Austin McBride Research Praxair, Inc. Transportation Security The University of Texas Laboratories Precision CastParts Corp. Administration at Dallas The McGraw Hill PricewaterhouseCoopers Travelers Companies University of Virginia Inc. (The) Darden School Companies / Standard Procter & Gamble & Poor’s Trinity Health University of Prudential Financial Medco Health Solutions, Tuck School of Business- Washington - Foster Inc. Public Service Enterprise Dartmouth School of Business Group Medtronic, Inc. Tulane University, US Agency for Purdue University Meijer Freeman School of International Raytheon Mercer Business Development Regions Financial Merck & Co. Tyco Electronicas US Securities and Corporation Exchange Commission MetLife Tyco International(US), Republic Services Inc. USAA Michigan State Rice University University U.S. Department of State USC Marshall School of R.J. 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