Exploring Foundations of Management and Entrepreneurship (FME)

What is FME? Follow Babson students, faculty, staff as they illustrate the FME journey and the great impact the course has on their Babson experiences.

www.babson.edu/fme

The Foundations of Management and Entrepreneurship course (FME) is a seven-credit, yearlong immersion into the world of business in which student teams invent, develop, launch, manage, and liquidate a business. Along the way, students study entrepreneurship, marketing, accounting, organizational behavior, information systems, and operations. The College provides up to $3,000 as startup money for these student businesses.

Each team of approximately 30 students donates 180 hours, along with all profits, to a local community service agency of its choice. Agencies supported by FME businesses have included Special Olympics, Habitat for Humanity, Fidelity House, Cradles to Crayons, Boys and Girls Club, Wellesley Housing Authority, Citizen Schools, Junior Achievement, Friends of the Homeless of the South Shore, Greater Boston Food Bank, The Charles River Arc agency, and Harvard Square Church Meals. Since 1999, more than $375,000 has been donated by FME businesses to local charities. In the spring 2010 semester, more than $25,000 in charitable donations was made.

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