A recent curriculum innovation developed by the Darden faculty went into effect this past spring. After First Year students complete the required core curriculum, they now participate in a two-week Capstone Leadership Experience to put into practice their newly-acquired business knowledge and expertise.
In its inaugural year, the Capstone Leadership Experience involved student teams creating mini-organizations. In an article in MBA Innovation, Professor Erika Hayes James describes the project:
Each team was seeded with up to $100 to start their business initiative. Over the course of four days, the teams were asked to determine an executable business idea, create an organizational structure that identified various leadership roles and responsibilities, devise a marketing strategy for their product or service, manage sales, and implement accounting procedures. In addition, they were asked to document their process throughout the week and deliver a professional presentation at week’s end.
Coupled with their business venture was yet another challenge. The faculty wanted to not only provide the experience of running a business; they also wanted to raise student awareness of corporate social responsibility.To this end, each of the five sections partnered with a local non-profit organization. All of the money raised by the students’ business ventures would be given as a charitable donation to the non-profits. And members of each section would need to pool their resources in order to learn as much as they could about their respective nonprofit organization and the issues it attempts to tackle.”
Over the course of the week, the student ventures earned over $35,000, which was shared among five non-profit organizations. Students benefited from applying what they learned in real time, and the non-profits also benefited from the advice and recommendations from the students.
For further details about the Capstone Leadership Experience, read the full article: “Learning to Lead While Giving Back.”