TU's International Business and Entrepreneurship Institute Set to Open Fall 2007

Tuesday, May 22, 2007

The University of Tulsa’s goal to establish a center promoting entrepreneurship amongst its student body has finally come to a realization. This fall, the International Business and Entrepreneurship Institute (IBEI) will become fully operational on campus in the College of Business Administration.

The IBEI’s mission is to be a gateway to the “real world” of international and entrepreneurial endeavors for graduate and undergraduate students at TU. To accomplish this aspiration, the Institute will supplement classroom learning with programs that provide students with practical experiences such as internships, seminars, workshops and international opportunities. Students will also be encouraged to participate in global field studies and business plan competitions.

The establishment of IBEI will make the International Business and Language program a nationally recognized program and has led TU to begin developing a major in entrepreneurship for BSBA students. It also fulfills TU’s goal of interdisciplinary research between international business and entrepreneurship.

“We want our students to gain practical application of their classroom learning through internships with local business and exposure to other cultures and business models. The availability of programs IBEI will bring forth will award students with a heightened advantage in the work force,” said Gale Sullenberger, dean of The University of Tulsa’s College of Business Administration.

Students aren’t the only ones who will reap benefits from IBEI’s programs. Tulsa will also gain assistance as IBEI will coordinate and facilitate entrepreneurship efforts in the Tulsa area and the entire state. It will partner with the Tulsa Global Alliance, the Oklahoma Department of Commerce and other organizations to support small and medium size enterprises in an effort to promote export sales and international business activity.

Receptions and networking events will build strong relationships between students and area businesses. And as these relationships progress more opportunities for TU students to remain a part of the Tulsa community after graduation will become available.

“The International Business and Entrepreneurship Institute is just the next step in TU’s evolution, a step toward progression and a step toward integrating our student body with the Tulsa business community,” Sullenberger said. “Our hope is to not only aid students in their quest for excellence, but also to spur new business ventures in the Tulsa area.”

The Institute will include a faculty member from each of the three business departments. Associate Dean and Professor of Finance Mark Collins will serve as director of the IBEI; Bovaird Professor of Entrepreneurial Studies Larry Wofford will serve as co-director; and Chapman Professor of Accounting Karen Cravens will join the IBEI as a faculty associate. The IBEI will also include Michael Troilo, Assistant Professor of International Business.

For more information, please call the TU College of Business Administration at (918) 631-2213.