FINANCE; ENTREPRENEURSHIP & INNOVATION
Gordon and Llura Gund Family Clinical Professor of Entrepreneurship
Director, Levy Institute for Entrepreneurial Practice
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.
Corporate Governance
Entrepreneurial Finance
Entrepreneurship
Minority Business Issues
Small Business Management
Venture Capital and Private Equity
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This note gives a straightforward overview of the business governance topic. Issues discussed include: why a board is needed, the ideal size of a board, and the differences between a board of directors and an advisory board.
In the fall of 2007 a senior director of product marketing at Qwest in Denver, Colorado, gets an offer to work for an entrepreneurial high-growth venture. The vision is for greater wealth, accelerated business opportunity, more thrill on the job, and faster path to leadership by pursuing a position with a start-up firm. Kiva Allgood has management responsibility in her current position (e.g., manages a high-budget portfolio), with compensation of $145,000 in salary and incentive bonuses up to 100% of base salary. She realizes that she is not prepared for the negotiation because she has only negotiated job offers within large firms. She needs to know what many of these entrepreneurial finance terms mean and to understand whether she is being offered terms and amounts commensurate with the value she feels she will bring to the entrepreneur.
She also needs to understand her opportunity cost and the expected value of her options: staying with the current job, starting her own venture, or taking this offer at the entrepreneurial venture.
She had no idea there were also so many additional, non-financial factors to take into consideration. With her future on the line, she needs to work through the numbers fast. The entrepreneur gave her five days to come back with a counter offer, which he considered a generous amount of time.
In evaluating these questions, students will take Allgood’s point of view. The case is based on a real job offer to a real person named Kiva Allgood. The entrepreneur and his firm are fictitious in order to heighten the issues in this situation.
This case addresses several issues dealing with entrepreneurship including identification of opportunities, valuation, and most importantly, partnership splits among founding partners.
This case addresses several issues dealing with entrepreneurship including identification of opportunities, valuation, and most importantly, partnership splits among founding partners.
This note gives a comprehensive yet straightforward description of the entire private equity industry, including its definition, expected returns, the investing process, and the structure of private equity firms.
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.
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.
PHONE: 847-467-1797
FAX: 847-491-5632
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