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Steven Rogers
Steven Rogers

FINANCE; ENTREPRENEURSHIP & INNOVATION
Gordon and Llura Gund Family Clinical Professor of Entrepreneurship
Director, Levy Institute for Entrepreneurial Practice

Print Overview
Steven Rogers is the Gordon and Llura Gund Family Distinguished Professor of Entrepreneurship. Professor Rogers teaches Entrepreneurial Finance at Kellogg and is the Director of the Larry and Carol Levy Institute for Entrepreneurial Practice. Before joining the Kellogg Faculty, he owned and operated two manufacturing firms and one retail operation. Prior to becoming an entrepreneur, Professor Rogers worked at Bain and Company Consulting firm, Cummins Engine Company and UNC Ventures, a venture capital firm.

Professor Rogers has been named to the Faculty Honor Roll in every quarter he has taught at Kellogg. He has received numerous teaching awards, including the 1996 and 2005 Lawrence G. Lavengood Outstanding Professor of the Year. He is the only professor in Kellogg's history to have received this award more than once. In 1996, BusinessWeek named him one of the top 12 entrepreneurship professors at graduate business schools in the U.S. In 1997, BusinessWeek named him one of 14 “New Stars of Finance.” In 1998, he was selected as Entrepreneur Of The Year ® (supporter category) by Ernst & Young.

In addition to the regular MBA program, Professor Rogers teaches in many Kellogg executive programs in the U.S., Toronto and Hong Kong. He has received the Outstanding Professor Award for the Executive Program 19 times.

Professor Rogers currently serves on the Advisory Board of Private Equity firm OCA Ventures. He also serves on the Board of Directors of SC Johnson Wax, W.S. Darley & Company, SuperValu (NYSE), Oakmark Mutual Funds, and AMCORE Financial (Nasdaq). He is a member of JP Morgan Chase's Capital Investment Committee. His non-profit work includes board membership for The A Better Chance Program and Urban Prep High School. Professor Rogers is also a former Trustee of Williams College and a former member of the Harvard Business School Visiting Committee.

In 2000, he received the “Bicentennial Medal for Distinguished Achievement” by an alum from Williams College. In 2005, he received the “Bert King Award for Service” from the African American Student Union of Harvard Business School. In 2005, he also was selected as "Chicago United's Business Leader of Color." In 2006, he was selected as one of the "100 Men Impacting Supplier Diversity." In 2007, he was inducted into his alma mater, Radner High School's, Hall of Fame. In 2008 he was inducted into the Minority Business Hall of Fame. Governor Pat Quinn appointed him to be a trustee of the Illinois State Universities Retirement System Pension Board in 2009.

He has been often quoted in many publications, including Black Enterprise, Crain's Business Journal, Financial Times, The Wall Street Journal, Chicago Tribune, Chicago Sun-Times, Fortune and BusinessWeek. In 2002 Professor Rogers published his first book, The Entrepreneur’s Guide to Finance and Business.

He received an MBA from Harvard Business School and a Bachelor of Arts degree from Williams College. He has also completed three mini-Triathlons.



Areas of Expertise
Corporate Entrepreneurship
Corporate Governance
Entrepreneurial Finance
Entrepreneurship
Minority Business Issues
Small Business Management
Venture Capital and Private Equity
  • Recent Media Coverage

    Chicago Defender: Follow your path to power -- it starts right here - 7/22/2009

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    See all Kellogg in the Media
Print Vita
Education
MBA, 1985, Harvard University
BA, 1979, History, Williams College

 
Print Research
Research Interests
Entrepreneurship, private equity

Articles
Rogers, Steven. 2004. So You Want To Be An Instant Entrepreneur?.
Books
Rogers, Steven. 2009. Entrepreneurial Finance. McGraw Hill, 2nd ed.
Rogers, Steven. 2002. The Entrepreneur's Guide to Finance and Business. McGraw-Hill.
Cases
Rogers, Steven and Mark C Manuel. 2004. Boards of Directors. Case 7-104-003 (KEL131).
Rogers, Steven, Sachin Waikar and Scott Whitaker. 2008. Look Before You Leap (A): Considering a Job Offer With an Early-Stage Company. Case 5-208-257(A) (KEL374).
Rogers, Steven and Kevin Dame. 2004. Sports in Your Pocket (A). Case 5-104-048(A) (KEL084).
Rogers, Steven and Kevin Dame. 2004. Sports in Your Pocket (B). Case 5-104-048(B) (KEL085).
Rogers, Steven, Erik Maurer, Doug Olds, Scott Ziffra, Elton Milton and Andrew Zacharias. 2006. The Private Equity Industry. Case 7-104-001 (KEL130).

 
Print Teaching
Teaching Interests
Entrepreneurial finance, with a strong emphasis on valuation. Entrepreneurship in a corporate setting ("intrapreneurship")
Full-Time / Part-Time MBA
Entrepreneurial Finance (FINC-446-0)

This course counts toward the following majors: Entrepreneurship & Innovation, Finance.

This course teaches students how to become entrepreneurs by focusing on financial aspects. Topics include pro forma development and review, business valuation models, cash flow analysis, and raising capital from private investors, venture capitalists and banks. The course is taught using the case method process ("real life" case studies). Periodically, technical notes are used and guests invited to augment subjects addressed. Each student is expected to diligently prepare each case and participate in class discussion. Fifty percent of the final grade is based on class participation and the other 50 percent on a take-home exam. This is not a quantitative analysis course. Rather, it focuses on marketing, sales, management and strategic planning.

Executive MBA
Entrepreneurial Finance (FINCX-445-0)
Entrepreneurial Finance teaches prospective entrepreneurs the fundamentals of entrepreneurship with a focus on finance. Topics include pro forma development and review, business valuation models, cash flow analysis and raising capital.