1 The BEDC Model Introduction. How employers rank college grads: CategoryMean Rating % giving high (8-10) rating % giving low (1-5) rating Teamwork7.039%17%

1

The BEDC Model

Introduction

How employers rank college grads:

Category Mean Rating% giving high (8-10)

rating

% giving low (1-5)

rating

Teamwork 7.0 39% 17%

Ethical judgment 6.9 38% 19%

Intercultural skills 6.9 38% 19%

Social responsibility 6.7 35% 21%

Quantitative reasoning 6.7 32% 23%

Oral communication 6.6 30% 23%

Self-knowledge 6.5 28% 26%

Adaptability 6.3 24% 30%

Critical thinking 6.3 22% 31%

Writing 6.1 26% 37%

Self-direction 5.9 23% 42%

Global knowledge 5.7 18% 46%2

What employers want

• Only 13 percent said transcripts were very useful with another 16 percent saying fairly useful, compared to 33 percent who said “not useful.”

• What the employers appear to want are intensive, personally evaluated projects, not more testing. Only 7 percent said it would be “very effective” to have the results of multiple choice tests of general knowledge, and there was little interest in tools that would compare on colleges’ graduates to another on critical thinking tests.

• In contrast, 46 percent said it would be very effective and 70 percent said it would be very or fairly effective to have students complete an advanced project as seniors, demonstrating knowledge in the major and in problem-solving, writing, and analytic skills. And 69 percent said it would be very effective and 83 percent said it would be very or fairly effective to see an evaluation of a supervised internship where students apply college learning in a “real-world setting.”

3

4

Underserved Businesses

IndustryMentors

Faculty

StudentTeams

Elements of the BEDC Model

Over 300 businesses served with over $10 million in beneficial value and hundreds of jobs created and retained

Faculty of five higher education institutions involved in curriculum development Over 700 student

consultants in four educational institutions have had highly successful consulting experiences

Hundreds of Rotary Club, consulting firms, alumni, and major enterprise professionals have assisted

5

Underserved Business

IndustryMentor

Faculty

StudentTeam

BEDCSmall Business Administration

City, County and StateGovernments

Large Enterprises

Extended technical assistance Create emerging business cluster Connect to large enterprise value chain Direct input to BEDC advocacy Increase business survival rate Economic development for the region

The BEDC Model – Benefits to Business

6

The BEDC Model – Benefits to Students

Underserved Business

IndustryMentor

Faculty

StudentTeam

Real business experience Mentorship

Advanced CurriculumComplex Problem Solving

Project ManagementMulticultural Context

Teamwork Relate-create-donate best practices Real and complex learning experience Student voluntarily commit 2 to 3 times as many hours to

work Multicultural context High-stakes teaming Performance visibility

Leadership Development

7

The BEDC Model – Benefits to Mentors

Underserved Business

IndustryMentor

Faculty

StudentTeam

Meaningful Mentorship Social Responsibility

Create Diverse Supplier Pool

Economic DevelopmentReach Multicultural Markets

Minimal administrative overhead Meaningful contribution tracked with business

metrics Social venture capital and social responsibility Enterprise value chain

8

The BEDC Model – Benefits to Faculty

Underserved Business

IndustryMentor

Faculty

StudentTeam

Hands-on learning with real business Direct feedback on student readiness

Advanced curriculumEmerging businessesMulticultural markets

Alignment with other educational

institutions

Link to business community

Deeper relationship with students

Currency and relevancy Deeper trust and deeper learning High visibility

9

Student Consultant Expectations

• 50 to 100 hours of work outside of class• Professionalism in dealing with team members,

businesses and mentors• Deliverables must be of the highest quality and

completed on time• Work must be of beneficial value to the business

as judged by practicing professionals

10

Week 1 2 3 4 5 6 7 8 9 10 11

Prepare for Kick-off Meeting

Assign teams

Team forming

Review and execute consulting contract

Interview and research business

Draft, revise and execute team contact

Draft and revise project management plan

Start secondary research

Draft and revise business case statement

Analyze and organize secondary research

Plan, draft and test primary research

Conduct primary research

Analyze and organize primary research

Draft and revise preliminary recommendations

Draft final report

Draft, revise, rehearse presentation

Revise final report

DUE 

Consulting Contract

Team Contract

Project Manage-ment Plan

Business Case Statement including SWOT analysis

Primary Research Instrument  

Prelimin-ary Recom-mend-ations

Draft report

Final Present-ation

Final Report

11

DeliverablesWeek 2 Executed Consulting Contract

Week 3 Team Contract

Week 4 Project Management Plan

Week 5 Business Case Statement and SWOT Analysis

Week 6 Primary Research Instrument

Week 8 Preliminary Recommendations

Week 9 Draft Report

Week 10 Final Presentation

Week 11 Final Report

12

Ice breaker exercise

13

Assignments

• Read Preface

• Read Module 3 on Teaming and Project Management

• Compile resume and apply for a business consulting project

14

Businesses

• Rustica – Marketing of an Italian restaurant with Indian-American owner.

• Nature’s Pantry – Marketing plan for woman-owned health food retail business

• Redapt – Competitive website analysis.

• Simplicity Décor – Thai-American owned gift and interior design shop.