Entrepreneurship

Shopping while Black Vine video on AllVoices.com demonstrates research by Jerome Williams

Date: 
Thursday, July 24, 2014
Location: 
Riverside, CA

For many, a shopping trip is a simple experience. It certainly isn’t one where you expect to be followed and supervised by store employees who think you’re going to steal something.

In some cases, people not only acknowledge that this stereotyping exists but attempt to justify it as well. Racial profiling is often defended by claims that black shoppers are more likely to shoplift, but according to Jerome Williams, a business professor at Rutgers Business School, the facts don’t agree – in fact, according to statistics, white women in their 40s engage in more shoplifting than any other group.

"The reason they don't show up in crime statistics is because people aren't watching them," said Williams. He went on to say that statistics that say black customers steal more “are not really an indication of who's shoplifting. It's a reflection of who's getting caught. That's a reflection of who's getting watched. It becomes a self-fulfilling prophecy.”

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TAGS: Entrepreneurship Expertise Jerome Williams Management and Global Business Marketing Research Thought Leadership

Professor Jerome Williams: Research confirms suspicions about discrimination against African-American, Hispanic entrepreneurs

Monday, July 7, 2014

Rutgers Business School marketing professor Jerome Williams is one of three authors of new research showing minority entrepreneurs may face one huge obstacle in building their businesses: discrimination.

TAGS: Entrepreneurship Expertise Jerome Williams Marketing Research Thought Leadership

Jeffrey Robinson explains minority small business accelerators in The Gainesville Sun article

Date: 
Wednesday, June 18, 2014
Location: 
Gainesville, FL

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions.

A key goal of the accelerators is to help minority owned-companies win contracts with large companies. Despite the rapid growth in the number of minority-owned businesses — over 45 percent between 2002 and 2007, according to the Census Bureau — they struggle to get business with major companies.

One reason for the disparity is that a small company may not have the infrastructure, such as computer systems, and the experience to operate on the level needed to fulfill a big contract, says Jeffrey Robinson, a professor of management and entrepreneurship at Rutgers University. He is working on the Newark accelerator.

"There's a leap you have to take from the five-person company to a couple hundred, to being a multimillion-dollar company. You can't run them the same way," Robinson says.

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TAGS: Entrepreneurship Jeffrey Robinson Management and Global Business Small Business

Small business owners pack U.S. Senator Cory Booker's summit on non-traditional lending sources

Friday, June 13, 2014

U.S. Senator Cory Booker moderated a special summit at Rutgers Business School on June 13 to introduce some of the leading alternative lenders and their services to small business owners and entrepreneurs in the state.

TAGS: Access to Capital City of Newark Community Cory Booker Entrepreneurship Small Business

National Association of Women Business Owners business plan competition awarded $16,000 prize

Date: 
Friday, June 6, 2014
Location: 
New Brunswick, NJ

The 6th Annual National Association of Women Business Owners - Central Jersey (NAWBO-CJ) Chapter Business Plan Competition, Supporting Emerging Entrepreneurs’ Development (SEED) was hosted on the Rutgers University New Brunswick - Douglas campus on Tuesday, May 20, 2014.  The evening’s competition included the final five contestants with the best business plans who were selected from 38 New Jersey women entrepreneurs by a panel of notable judges.

Chris Pflaum, speaking on behalf of Rutgers' New Ventures & Entrepreneurship Group, expressed excitement about partnering with NAWBO-CJ on the S.E.E.D. event and recognizing women entrepreneurs in New Jersey.

Keynote speaker Jasmine Cordero, Managing Director of The Center for Urban Entrepreneurship & Economic Development at Rutgers Business School, offered attendees insight on business building when the entrepreneur is faced with draining challenges.

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TAGS: Entrepreneurship The Center for Urban Entrepreneurship and Economic Development Women in Business

Research by Jerome Williams shows discriminatory practices in the retail sector and also in the banking sector

Date: 
Friday, May 30, 2014
Location: 
New York, NY

Minority entrepreneurs who feel their road to success is more difficult than others may not be imagining things.

Sterling Bone, an assistant professor at the Jon M. Huntsman School of Business at Utah State University, said research he has completed shows that entrepreneurs who are minorities face more obstacles to success and deal with the rejection they sometimes experience differently than their Caucasian counterparts.

Bone's conclusions were recently published in the Journal of Consumer Research, a top academic publication. He collaborated on the paper with Glenn L. Christensen, Garrett Research Fellow, and associate professor of marketing at the Marriott School of Management at Brigham Young University, and Jerome D. Williams, the Prudential Chair in Business and research director of the Center of Urban Entrepreneurship & Economic Development at Rutgers Business School.

“Therefore, it is appropriate to continue asking the question: 'Is the glass half empty, or is the glass half-full?' in terms of progress being made in eradicating discrimination in the marketplace,” Williams said. “If marketers continue to remain insensitive to racial and ethnic minority consumers, they run the risk of alienating these segments and, as a result, suffering severe economic consequences.”

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TAGS: Entrepreneurship Jerome Williams Marketing Prudential The Center for Urban Entrepreneurship and Economic Development

Professor Jeffrey Robinson lends expertise to U.S. News & World Report article on choosing an MBA program in entrepreneurship

Monday, May 5, 2014

U.S. News & World Report highlighted the insights of Rutgers Business School Professor Jeffrey Robinson in a recent article about what students should consider when they're making a decision about where to pursue an MBA in Entrepreneurship.

TAGS: Entrepreneurship Expertise Faculty Jeffrey Robinson MBA The Center for Urban Entrepreneurship and Economic Development

5 Questions to ask when choosing an MBA Entrepreneurship Program

Date: 
Thursday, May 1, 2014
Location: 
Washington, DC

1. Is entrepreneurship an official track or concentration? A school that has entrepreneurship as a designated area of study may treat this area of business more seriously than schools that don't. "That in it of itself says there's some commitment by the school in this area,” says Jeffrey Robinson, the academic director for the Center of Urban Entrepreneurship and Economic Development at Rutgers, the State University of New Jersey.

At the business school, MBA students can select entrepreneurship as a concentration and take required courses as well as electives such as Technology Ventures and Social Entrepreneurship.

Robinson, whose first business included selling CDs, records and cassette tapes as a Rutgers undergrad, encourages students to also ask if their school of interest has a center for entrepreneurship.

"Centers are good at a few things," he says. "One of them is coordinating activities from inside and outside of the school."

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TAGS: Entrepreneurship Jeffrey Robinson Management and Global Business The Center for Urban Entrepreneurship and Economic Development

Mentors help minority companies accelerate growth

Date: 
Wednesday, April 16, 2014
Location: 
New York, NY

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions. The Cincinnati accelerator, created by the Cincinnati USA Regional Chamber in 2003, has inspired officials and business people in the Greenville, S.C.; Charlotte, N.C., and Newark, N.J. areas to start similar programs.

A key goal of the accelerators is to help minority owned-companies win contracts with large companies.

Mentors at the accelerators act as advisers, meeting with company owners, helping them improve operations and build strategies. They also connect owners with big customers.

Local chambers of commerce and economic development agencies have launched accelerators to help minority businesses create jobs. Officials say the inability of minority companies to expand holds back a region’s economic growth.

“Look at the number of minority business enterprises and how many are able to build jobs. It’s grossly disproportionate from their majority counterparts,” says Nika White, vice president of diversity and inclusion at the Greenville Chamber of Commerce.

One reason for the disparity is that a small company may not have the infrastructure, such as computer systems, and the experience to operate on the level needed to fulfill a big contract, says Jeffrey Robinson, a professor of management and entrepreneurship at Rutgers University. He is working on the Newark accelerator.

“There’s a leap you have to take from the five-person company to a couple hundred, to being a multimillion-dollar company. You can’t run them the same way,” Robinson says.

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TAGS: Entrepreneurship Management and Global Business Small Business

From Rutgers to Founders entrepreneurship panel shares experience and insights

Date: 
Monday, April 14, 2014
Location: 
Newark, NJ

On March 27, 2014 Scarlet Startups, a Meet-up focused on the entrepreneurial alumni and student community of Rutgers University, in partnership with Collective Entrepreneurs Organiztion, a Rutgers student organization focused on entrepreneurship, hosted a panel discussion entitled “From Rutgers to Founders”. 

Held at Rutgers Business School in Newark New Jersey, two Rutgers entrepreneur alumni discussed “their work, their experience as entrepreneurs, and how they got to where they are." They were joined by a third panelist representing the New Jersey Economic Development Agency (NJEDA), a quasi-government agency that provides financial assistant to New Jersey small businesses.

Moderator Alfred Blake, Assistant Director of Undergraduate Entrepreneurship Programs at Rutgers Business School, interweaved the entrepreneur discussion with information about financial resources for startups provided by the NJEDA panel representative.

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TAGS: Entrepreneurship LaToya Battle-Brown The Center for Urban Entrepreneurship and Economic Development Undergraduate Newark

Entrepreneurial part-time MBA students sweep annual competition at Rutgers Business School

Date: 
Friday, April 11, 2014
Location: 
Newark, NJ

Raymond Rossi, an instructor on the faculty of Management and Global Business who has overseen the competition since 2011, said the types of businesses that made it to the final round of this year's competition represented a sea change over last year.

"We went from one extreme to the other," Rossi said, noting the absence of apps and Internet-focused business plans.

"This year, we had a group of students who were very passionate," he said. "They showed an enormous amount of knowledge, and they presented very viable business models."

The two top winners, both Rutgers Flex MBA students, started companies that provide traditional services. Brian Bergen, owner of interior landscaping company, won the $20,000 first-place prize. Paula Zwiren, president of Zwiren Title Agency, received $15,000 for second place.

Sarah Blessing, who graduated from the Rutgers Flex MBA Program in January, came up with the idea for TRAINgle, which is developing a fitness product with some flair. Her team, which includes Flex MBA students Aamir Khan and Leann Cosley-Richardson and recent MBA grad Joanna Trzaska, won the $10,000 third-place prize.

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TAGS: Business Plan Competition Entrepreneurship Management and Global Business Raymond Rossi

The biggest driver of the economy is small business - it's the key to success

Date: 
Friday, March 14, 2014
Location: 
Camden, NJ

“The biggest driver of the economy is small business — it’s the key to success — so we’re kicking off a tour of cities across the state, and today here in Camden we’re focusing on minority-owned businesses, but there will be focuses on other businesses as well,” said Senator Cory Booker, after being warmly received at the Waterfront Technology Center, on Federal Street. “We’re trying to bring information and resources to the people who need it, and, as a senator, I now have more leverage to bring folks who have that information here.”

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TAGS: Cory Booker Entrepreneurship Management and Global Business

Rutgers Center for Urban Entrepreneurship and Economic Development Proud to Be Inaugural #LearnToEarn Host

Date: 
Tuesday, February 25, 2014
Location: 
Newark, NJ

“That was an amazing presentation! The feedback we received was very positive.” – Jasmine Cordero, Managing Director of the Entrepreneurship Pioneers Initiative (EPI) part of Rutgers’ Center for Urban Entrepreneurship & Economic Development – (CUEED) located in Rutgers Business School in 1 Washington Park Newark, Newark, New Jersey.

Mr. Sandeep “Sunny” Kancherla’s live address, at the NJSDBC Small Business Blended Learning event, was met with the kind of fervor synonymous with a real leader in the digital and online business space, but this was only in attest to the resounding success of the overall event.

The first Small Business Blended Learning event was fittingly held at Rutgers Business School, featuring the staunch support of local industry heavyweights like BusinessLearningTree.com, but it was the (NJSBDC) New Jersey Small Business Development Center’s Sandeep Kancherla, affectionately known as “Sunny” to his most diligent of students and partners, who lit up the scene and really touched local entrepreneurs where it matters most.

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TAGS: Entrepreneurship Entrepreneurship Pioneers Initiative Management and Global Business The Center for Urban Entrepreneurship and Economic Development

Entrepreneurship program at Rutgers Business School launches speaker series

Friday, January 31, 2014

Four entrepreneurs, all of whom have started companies of their own, helped to launch the Rutgers Entrepreneurship GPS Speaker Series on Jan. 28 at the Rutgers Business School building on the Livingston Campus.

TAGS: Entrepreneurship Rutgers Business School Speaker Series Undergraduate New Brunswick

Rutgers Business School creates $3M entrepreneurship chair

Date: 
Thursday, January 23, 2014
Location: 
Somerset, NJ

Newark Rutgers Business School Dean Glenn Shafer announced Thursday the creation of a $3 million George F. Farris Chair of Entrepreneurship, a new faculty position that will enhance the school's efforts to provide entrepreneurial studies to future students.

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TAGS: Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Rutgers Business School strengthens focus on entrepreneurs with $3 million George Farris Chair in Entrepreneurship

Wednesday, January 22, 2014

Rutgers Business School Dean Glenn Shafer announced the creation of the $3 million George F. Farris Chair in Entrepreneurship, an endowed faculty position that will enhance the school’s efforts to provide a premier program of study to new generations of entrepreneurs.

TAGS: City of Newark Entrepreneurship George Farris Glenn Shafer The Center for Urban Entrepreneurship and Economic Development

Entrepreneurship Pioneers Initiative recognized for education innovation

Monday, January 20, 2014

Rutgers Business School’s Entrepreneurship Pioneers Initiative received a special recognition award for education innovation during the annual conference of the United States Association for Small Business and Entrepreneurship.

TAGS: City of Newark Entrepreneurship Entrepreneurship Pioneers Initiative The Center for Urban Entrepreneurship and Economic Development

Speek co-founder gives Rutgers Business School crowd a real sense of what it takes to launch a company

Wednesday, January 15, 2014

Danny Boice, a software engineer turned entrepreneur, was never a fan of conference calls.

"The dial-in, the PINs…the whole thing just sucks,” Boice said as he introduced Speek, a company he has spent nearly two years building since coming up with the idea for a new app to handle conference calls over beers one night with friends.

TAGS: Alumni Entrepreneurship Rutgers Business School Alumni Association Speaker Events Tech-Startups

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