Lubin School of Business
Management and Management Science
- @New York City
163 William Street 342
New York City
MBA , Australian Graduate School of Management , Sydney, AUSTRALIA , 2000
BBA , Pace University , Pleasantville, NY , 1983
Awards and Honors
- Lubin School of Business, October 9, 2015 - Excellence in Service
- Lubin School of Business, May 23, 2014 - Faculty Reader
- Pace University, May 16, 2012 - Faculty Reader
- Kairos Society, February 3, 2012 - Mentor
- Center for Global Business Programs, 2010 - Figueroa Faculty Grant for Study in International Business Recipient
- 47th Annual Leaders in Management Awards Dinner, 2010 - LIM Award and Honorary Degree Presenter
- The Wilson Center for Social Entrepreneurship, 2009 - Faculty Fellow
- NASDAQ and the Massachusetts Institute of Technology, 2009
- Wilson Center for Social Entrepreneurship, 2007 - Faculty Fellow
- Pace University, 2006 - University Award for Distinguished Faculty Service
- Students In Free Enterprise, 2005 - Sam Walton Fellowship
Chapter 2: The New Entrepreneurz.
Bachenheimer, B. Entrepreneurship by Tom Zimmerman and Michael Fountain. http://www.oup.com
Kshetri, N. & Bachenheimer, B. (2013, October (4th Quarter/Autumn)). Global Entrepreneurship. (Issue 1) , pages 352. http://www.routledge.com/books/details/9780415888004/
Muller, H. & Bachenheimer, B.
(2013, April (2nd Quarter/Spring)).
Professor of Innovation.
, pages 55 -57 and 221 - 223.
Robert Hisrich, R. & Bachenheimer, B. (2013, January (1st Quarter/Winter)). International Entrepreneurship. (Issue 2) , pages 536. http://www.sagepub.com/books/Book237248
Bachenheimer, B., Isaak, R. & Isaak, A. J.
(2013, January (1st Quarter/Winter)).
Reaching for Scalable Entrepreneurship: Implications for Growth and Job Creation.
Entrepreneurship: Theory, Role of Economic Development and Practices. Hauppauge, NY, USA: Nova Science Publishers.
Bachenheimer, B. (2017, February 2). CHALLENGE 2030: Tomorrow's Innovators Tackle Today's Grand Challenges. Evidence-Based Entrepreneurship. The New York Academy of Sciences, Global Webinar
Bachenheimer, B. (2017, January 16). National Retail Federation Roundtable. The Future of Retail: How Cloud + Cognitive Technology is Transforming the Retail Industry and Driving New Opportunities for Businesses and Consumers. IBM, IBM Bluemix Garage? NYC
Bachenheimer, B. (2016, September 15). China Publishing Group (corporate executives). The New York City Entrepreneurship Ecosystem. Pace University's MS in Publishing Program, Midtown Center
Bachenheimer, B. (2016, May 20). Business Development (an MBA course). Corporate Entrepreneurship. The Academic College of Tel Aviv-Yaffo, Jaffa, Israel
(2016, May 17).
Technology Entrepreneurship School.
Contemporary Trends, Thinking & Tools in Entrepreneurship.
TRI/O Tech, Kafr Quassim, Israel
(2016, May 15).
High-Tech Entrepreneurship (graduate course).
Entrepreneurship by the Book.
Tel Aviv University, Tel Aviv, Israel
Bachenheimer, B. (2016, March 16). International Visitor Leadership Program. Women and Entrepreneurship. United States Department of State, Pace University
Bachenheimer, B. (2016, February 18). Entrepreneurship Lab Bio and Health Tech. Contemporary Trends, Thinking & Tools in Entrepreneurship. New York City Economic Development Corporation, Pryor Cashman LLP, 7 Times Square, New York, NY 10036
(2015, October 30).
Global Consortium of Entrepreneurship Centers Annual Conference.
Structure and Design Issues in Entrepreneurship Centers: A Workshop.
Global Consortium of Entrepreneurship Centers, University of Floriada
Bachenheimer, B. (2015, October 23). One Day Immersion. Virtual Reality in the Business Market: On the Periphery of the Next Tech Boom. The Cable Center, Pace University, Michael Schimmel Center for the Arts
(2015, October 22).
Phoenix Publishing & Media Group.
The Future of Entrepreneurship Education.
The Sino-American Publishing Research Center, Pace University
Bachenheimer, B. (2015, October 6). The 10 Commandments of Startup Profits. Panelist. Disruptive Technologists of NYC, Microsoft, New York
Bachenheimer, B. (2015, April 1). Balancing a Cool Idea with Profitability. Moderator. Disruptive Technologists of NYC, Microsoft, New York
Bachenheimer, B. (2015, January 24). How To Build A Strong Start-Up. The Future of Entrepreneurship. Columbia University, Industrial Engineering and Operations Research, Columbia University, New York
Bachenheimer, B. (2015, January 12). Yazamut Al'Habar. An Accidental Entrepreneur. Global Entrepreneurship Week, Tangier, Tel Aviv, Israel
(2015, January 7).
Israel Entrepreneurship Initiative.
New York's "Silicon Alley", a Hub of Start-Up Companies.
MIT Enterprise Forum of Israel, Tel Aviv University, Israel
(2015, January 7).
Israel Entrepreneurship Initiative.
Providing Israeli Startups a Home Base in NYC.
MIT Enterprise Forum of Israel, Tel Aviv University, Israel
Bachenheimer, B. (2014, October 27). NYC Social Infrastructure & Tech Ecosystem. Are We At An Inflection Point?. Disruptive Technologists of NYC, New York Institute of Technology
Bachenheimer, B. (2014, October 3). Global Consortium of Entrepreneurship Centers (GCEC) 2014. Building Scalable Ventures - University's Role in the Entrepreneurial Ecosystem. University College London (UCL), London, England
Bachenheimer, B. (2014, October 3). Global Consortium of Entrepreneurship Centers (GCEC) 2014. Eco-systems for long term success: building sustainable enterprise. University College London (UCL), London, England
Bachenheimer, B. (2014, June 30). Global Forum on Business and Entrepreneurship. Entrepreneurial Passion. Envision EMI, Pace University, New York, NY
Bachenheimer, B. (2014, May 8). HealthTech 2014. From Lab to Market: See the Challenges and Opportunities in Commercializing Breakthrough Discoveries. Westchester County Association, Tarrytown, NY
Bachenheimer, B. (2014, February 20). Entrepreneurs Roundtable. Moderator. Entrepreneurship Lab, Pace University, New York, NY
Bachenheimer, B. (2014, January 27). On Social Media. The Future of Social Media. Disruptive Technologists in NYC, ATT AdWorks Lab, New York, NY
Bachenheimer, B. (2014, January 16). NYC Entrepreneurship Tour. Creativity and Innovation. ROI Community, Entrepreneurship Lab
Bachenheimer, B. (2013, December 5). Leaders from Four of NYC's Top Business School Entrepreneurship Programs. Pace University. Golden Seeds, New York, NY
Bachenheimer, B. (2013, November 17). Global Entrepreneurship Week. Trends in the NYC venture industry. Tel Aviv University, Tel Aviv, Israel (via Skype)
Bachenheimer, B. (2013, November 7). Entrepreneurship NYC. The role of universities in the NYC ecosystem. Entrepreneurship Lab, Pace University
Bachenheimer, B. (2013, October 30). Engineering Innovation (ENGN3230). The Art of Pitching. Australian National University, Canberra, Australia (via Skype)
Bachenheimer, B. (2013, September 23). Ethics, Law, and Surveillance Culture. The MIT Enterprise Forum. The Cooper Union Entrepreneurship Society, Cooper Union
Bachenheimer, B. (2013, July 24). Enstitute Summer Immerisive Program. The Business Model Canvas. Enstitute, Entrepreneurship Lab, Pace University
Bachenheimer, B. (2013, July 21). National Youth Leadership Forum on Business & Innovation. Entrepreneurship. Lead-America/Envision, Fordham University
Bachenheimer, B. (2013, April 6). The Venture Toolkit. Educating Tomorrow's Entrepreneurs. Asian Business Association-America, Pace University
Bachenheimer, B. (2013, March 21). A Fireside Chat with Miles Lasater. A Fireside Chat with Miles Lasater, Co-Founder HigherOne. HigherOne and Entrepreneurship Lab, Pace University
Bachenheimer, B. (2012, November 12). Technology Entrepreneurship. A Dialogue for Global Entrepreneurship Week. IDC Interdisciplinary Center, Herzliya, Israel (via Skype)
Bachenheimer, B. (2012, October 26). Roundtable Discussion with French Minister Fleur Pellerin. New York City's Digital Economy. French Embassy, New York, NY
Bachenheimer, B. (2012, October 23). International Visitor Leadership Program. Promoting Entrepreneurship. United States Department of State, New York, NY
Bachenheimer, B. (2012, September 13). Collegiate Symposium. University Engagement. Consulate General of Israel, New York, NY
Bachenheimer, B. (2012, July 23). Business & Entrepreneurship. Entrepreneurship. LeadAmerica, New York, NY
(2012, July 19).
Foreign Press Center Media Tour.
Silicon Alley: Exploring New York's Technology Boom.
United States Department of State, US Mission to the United Nations
Bachenheimer, B. (2012, May 18). The 11th Annual Faculty Institute. Collaboration & Innovation Showcase: The Entrepreneurship Lab. Pace University, Pleasantville, NY
Bachenheimer, B. (2012, April 27). Global Chapter Leadership Conference. Renew to Remain Relevant. MIT Enterprise Forum, Massachusetts Institute of Technology
Grants, Contracts and Sponsored Research
(2014, March 31).
Israel Entrepreneurship Initiative.
Michael Dezer, BBA '68 , Private , $250,000.00 . Funded,From original proposal: The Michael Dezer Entrepreneurship Center: A Global Reach Your career is a classic entrepreneurial success story. We share your commitment to experiential learning, risk-taking, and creative thinking to give our students the skills they need to thrive in the workplace—whether they wish to start their own business or rise to top positions at leading companies. Our entrepreneurship program has been a core component of the Lubin School of Business curriculum since 1979, making it one of the oldest such programs in the United States. Under the leadership of Professor Bruce Bachenheimer, the Lubin Entrepreneurship Lab guides our students through every step of the entrepreneurial process—from pitching an idea, securing investors, managing a workforce, marketing a product, and everything in between. The Lab gives these young men and women the skills they need. Professor Bachenheimer has also taken the lead in fostering closer global partnerships for Lubin students. Most significantly, in 2012, he led the first Lubin field study to Israel. During a 10-day excursion, our students focused on technology innovation and entrepreneurship, visiting such companies as ISCAR, Itmar Medical, Better Place, Omrix Biopharmaceuticals, Ashkelon Desalination Plant, and Objet. With a $10 million gift, you can establish the Michael Dezer Entrepreneurship Center. Your gift will take our entrepreneurship program to new heights in three ways. First, your gift will help us to establish a unique connection with a university in Israel, one of the most entrepreneurial societies in the world. Second, we will create a physical home for the Center that is commensurate with the needs of a substantially expanded program. And, lastly, we will expand the program's most important and exciting initiatives, including field studies and internships, allowing us to serve a larger student population. The logical next step in Pace's entrepreneurial education is expanding it to include an international focus. After all, in an increasingly global marketplace, business leaders must forge key relationships with customers and suppliers overseas. Your gift can take the international work we are already doing in Israel to the next level, infusing our coursework, field studies, and other programs with a distinct international focus. A Unique Connection with Israel We have already made impressive strides in solidifying a working relationship with business and academic leaders in Israel. Recently, Pace hosted a forum on technology innovation and entrepreneurship in Israel; organized a speaker series for Lubin students featuring executives from top Israeli tech firms like Outbrain, Chiasma, and 5min Media, as well as Israel's Economic Minister to North America; and spearheaded a similar lecture event overseas in Israel. Professor Bachenheimer's hard work in building our relationships with Israeli leaders, particularly in the technology and biomedicine sectors, has built the infrastructure and set the stage for your gift to take these collaborations to the next level. With a critical mass of successful Pace alumni living in Israel, there is already a vibrant network of professionals eager to make further connections with their alma mater. With your gift, we will look to develop a strategic partnership with Tel Aviv University or a similar institution. Professor Bachenheimer already has established relationships at Tel Aviv University and considers them an excellent partner for our program. A collaboration of this nature will create countless avenues for mutual benefit, such as student exchanges; research partnerships; faculty exchanges between Tel Aviv and New York; physical spaces on both campuses to facilitate collaboration on business ideas; and internship opportunities. Not only will our students and faculty benefit from these experiences, but it will also be a great benefit to young Israeli students as well. With the Dezer Center's proposed new home, Israeli students can take advantage of all of the resources that Pace will have to offer. Creating a formal partnership with an Israeli institution is desirable in a number of ways. Most importantly, Israel is one of the most entrepreneurial nations in the world and has a demonstrated and robust record of turning out world-class companies and entrepreneurial thinkers. There is a natural academic interest in how that has come to be and how it can be replicated in other countries. Aligning our entrepreneurship program with Israel in this special way will be a unique calling card for the program and will attract a lot of attention from the academic community, potential students, and business leaders. A New Home The first step is to identify a physical space that will put the Dezer Center on the map. Given the needs of our students and the international focus of what the program seeks to accomplish, it is essential that visiting dignitaries, corporate leaders, and guest speakers have a state-of-the art venue in which to work. Moreover, being in the same space will encourage collaboration among students and foster cooperation across fields. With a designated space, the program can host even more lectures, build upon successful events like the Pace Pitch Contest and the Pace Business Plan Competition, add new shared office space for budding entrepreneurs to develop new ventures, and accommodate more students and faculty in expanded classrooms and lecture halls. Building on Success—Growing Our Existing Programs Expanded Field Studies Entrepreneurship by definition is experiential. There is so much that cannot be learned in a classroom setting. For this reason, we need to offer exciting opportunities for students to go out into the field and see successful companies in action, while they learn from executives and managers how to run a business and manage a team. Your gift can create better opportunities for field studies across the globe. We seek to give students a thorough understanding of how strategic investments in education, infrastructure, and high-tech have fueled economic booms and how this model for growth can be applied. By taking students to high-tech hubs such as Tel Aviv and Herzliya, students can see how entrepreneurs have leveraged Israel's human capital and technical expertise. In addition to Israel, we have previously organized trips to Tanzania focused on social entrepreneurship and to India focused on micro-finance entrepreneurship. Your gift will help us offer even more opportunities like these. Internship and Apprenticeship Opportunities In addition to visiting corporate headquarters and manufacturing centers through field studies, we also want Dezer students to gain hands-on experience working for leading companies at home and abroad. Your gift will help us establish two important initiatives for our students—internships and apprenticeships. The Dezer Center will aim to develop valuable internships at local start-up businesses for our undergraduate and graduate students. This is a prime learning experience for them to truly be immersed in the workings of a start-up company. Moreover, our students will serve as important resources for these firms as they are formalized and become established. Your gift will help subsidize the internships, as many of these companies will lack the financial resources to hire and train potential interns. The second initiative is global apprenticeship opportunities with leading firms across various sectors. These global firms—especially in Israel—will have the resources to take on student apprentices and give them meaningful work and in-depth business and cultural experiences. Not only does this strengthen the marketable skills of our students, but it establishes key institutional connections with these companies. Pace alumni will become the leading candidates to fill positions at these firms, leveraging our existing strengths in computer science, accounting, and banking. Your gift will open up new avenues for employment for Pace alumni, in addition to cementing our long-term relationships with economic leaders. Events and Networking Opportunities In addition to the experiential learning component of the Dezer Center, it's equally important that we provide our students with a constant flow of ideas between industry and the students and staff of the University. Annual events are critical to this function. We envision a regular guest lecture series featuring prominent entrepreneurs, visiting scholars, and other networking events that promise to bring valuable insight and insider knowledge to our students. As the Dezer Center grows, we plan to sponsor additional student competitions in a variety of industry sectors—designing proposals, pitching investment opportunities, and securing investments for micro-projects. These opportunities to engage with the industry will provide a real boon to our students' academic and professional experience.
(2014, September 30).
Ted and Pat Levine Proof of Concept Entrepreneurship Initiative.
Ted Levine and Pat Levine , Private , $40,000.00 . Funded,With your pledge of $40 000 over two years the University would establish the Ted and Pat Levine Proof of Concept Entrepreneurship Initiative which would provide competitive awards for Pace students and young alumni interested in performing proof of concept work. Your gift would support work to better understand if a business idea might best flourish into a successful entrepreneurial venture. This specific area of focus has never been funded before at Pace making the Levine Initiative a very unique and useful contribution to our program. Managed through the Pace University eLab the Levine Initiative would be an opportunity to help potential entrepreneurs discover and decide if when and how to move ahead with their ventures. Entrepreneurship is a priority for Dean Braun and your generous contribution would provide us with the chance to further develop our program at Pace. Each year $5 000 of your gift would be allocated to program administration and $15 000 would be allocated to two to three grants.
(2014, June 25).
Veterans Entrepreneurship Boot Camp.
Bachenheimer, B. & Coppola, J.
(2013, January 24).
Pace University, Office of the Provost , Pace University , $15,000.00 . Funded,"Entrepreneurship Meets Technology Innovation" Entrepreneurship skills are important for those not only seeking to establish a new venture, but also are increasingly critical in various professional careers given today's competitive marketplace, and rapid technological innovation leading to a dramatic change in the very nature of work. The Entrepreneurship Lab serves as a means to facilitate and integrate unique activities and opportunities with students in the computer science and information technology courses. The lab provides an environment where students can safely experiment with their ventures, allowing for both successes and failures without the consequences they would otherwise face in real-world scenarios. By developing risk-taking and risk-management behaviors, students will be better equipped to successfully identify sound entrepreneurial opportunities. Funding is requested to enhance the technological resources and capabilities of the Entrepreneurship Lab, specifically: a 3D Printer and supplies; tablet Computers to test apps; participation in an entrepreneurship/innovation academic conference; student stipends; and faculty/staff stipends.
A 'Fireside Chat' with Miles Lasater (Sponsorship).
HigherOne , Private , $1,811.00 . Funded,http://www.pace.edu/lubin/departments-and-research-centers/entrepreneurship-lubin/entrepreneurship-lab/events/past-events/mileslasater
Commercial Real Estate Insights for NYC StartUps (Sponsorship).
Cushman & Wakefield , Private , $2,000.00 . Funded,Key Topics History and Overview Corporate Real Estate 101 Contracts and Negotiations Estimating Costs Real Estate Life Cycle Government Regulations & Incentives Special Circumstanc
January 18 2017
http://www.computerworld.com/article/3158797/it-careers/obamacare-repeal-could-hurt-the-gig-economy.html Obamacare repeal could hurt the gig economy By Patrick Thibodeau Older workers, said Bruce Bachenheimer, a professor of management and executive director of the Entrepreneurship Lab at Pace University, need health insurance. These are workers with the industry experience, contacts and ability to start a business. But access to health insurance, especially if they or a family member could be turned down because of a pre-existing condition, can play a major role in whether or not to start a business. Bachenheimer said he cannot imagine how "the staunchest conservative Republican, anti-Obama congressman, could give a reasonable argument about why Obamacare would hurt entrepreneurship."
December 20 2016
http://fortune.com/2016/12/20/amazons-echo-snag-entrepreneurs/ What Amazon's Echo Snag Can Teach Entrepreneurs By Jeremy Quittner There's a lesson here for businesses much smaller than Amazon: You need to be diligent about your supply chain, particularly during the holidays. “This is why it is so important for small-business owners to stay close to their customers, maintain strong relationships with suppliers, follow market trends, and really know their industry,” says Bruce Bachenheimer, a clinical professor of management at Pace University in New York. “They cannot simply rely on the recommendations of a sales rep and act as stock keepers or inventory managers.”
Pace Magazine [Magazine],
November 18 2016
The following excerpt is from "Generation Z in the Workforce" in the Fall 2016 issue: They are creating their own career paths. Landing a job at a Fortune 500 company isn't for everyone, but studies show that Gen Z is more interested in entrepreneurship than previous generations. Why? Professor Bruce Bachenheimer, executive director of Pace's Entrepreneurship Lab, says they're skeptical, having grown up during the recession. “Gen Z has seen their parents work as loyal employees for a big company, come home every day at 6:00 p.m. for dinner, and take their annual two weeks of vacation,” he says. “But then they watched as their parents were laid off, lost their dignity, and had to take two menial jobs to support themselves and the family. They questioned this loyalty to big companies and thought, 'Do I have more control over my destiny id I go the entrepreneurial route?'”
1010 WINS [Radio],
November 11 2016
In a Veterans Day feature, CBS New York radio 1010WINS mentioned the Pace University Veterans Entrepreneurship Boot Camp and professor Bruce Bachenheimer on 'The Bottom Line For Small Business' (0:21 – 0:34): “At Pace University, professor Bruce Bachenheimer is doing his part with the Veterans Entrepreneurship Boot Camp. It's a seven-week program that provides practical skills and tools for veterans launching their own startup businesses.” An audio clip is available at: https://embed.radio.com/clip/61197413
September 30 2016
http://fortune.com/2016/09/30/small-chain-chipotle/ What It Will Take for This Fast-Growing Chain to Become the Next Chipotle By Jeremy Quittner But expanding any restaurant beyond its home turf comes with challenges. For one, the U.S. is an enormous market, and what has worked well in Texas may not succeed as well in other regions. “They will need really qualified people who know logistics and strategy and how to run a restaurant in the New York region,” says Bruce Bachenheimer, clinical professor of management and director of the Entrepreneurship Lab at Pace University.
Enterprise Center at Salem State University [Internet],
September 13 2016
http://enterprisectr.org/steps-starting-successful-business/ Steps to Starting a Successful Business By Mike Sperling Plan, Plan, Plan – “Planning carefully before launching a new business is not limited to preparing a business plan”, says Bruce Bachenheimer, clinical professor of management and director of the Entrepreneurship Lab at Pace University in New York City. While writing a business plan is certainly helpful, the real value is not in having the finished product in hand, but rather in the process of researching and thinking about your business in a systematic way.
New York Business Journal [Newspaper],
September 2 2016
http://www.bizjournals.com/newyork/news/2016/09/02/how-this-entrepreneur-took-a-two-wheeled-problem.html How this entrepreneur took a two-wheeled problem and created a fashion business By Gary M. Stern Targeting a niche audience is one way for start-ups to make a dent in the marketplace, explains Bruce Bachenheimer, the executive director of the Entrepreneurship Lab at Pace University in New York. “Understanding who your customer is, what their unmet needs are, and whether your products actually meet those needs requires a great deal of customer contact, testing and product iteration,” he says. Bachenheimer says Tandem NY could employ several strategies to grow but best bets are “increasing their online sales, which likely provides the best margins, and expanding the number and size of retailers.”
Thrive or Just Survive [Internet],
August 5 2016
http://thriveorjustsurvive.com/stand-out-with-an-entrepreneurial-mindset/ Stand Out with an Entrepreneurial Mindset By Neal Spencer What Is an Entrepreneur, Anyway? Is it the Silicon Valley tech genius? The Wall Street hotshot? That neighbor who owns the gift shop down the block? Being an entrepreneur is about much more than starting a business, or even whether you're “the boss.” Bruce Bachenheimer, who leads the Entrepreneurship Lab at Pace University, defines entrepreneurship as a mindset. It's about imagining new ways to solve problems and create value.
TEDx Hyderabad [Internet],
July 28 2016
http://tedxhyderabad.com/on-your-own-entrepreneur/ On Your Own 'Entrepreneur' By Kavya Krishna The word 'Entrepreneur' is derived from the French word 'Entrependre' which means 'the one who undertakes' i.e. the individuals who take the risk of starting a new enterprise/startup/business. Bruce Bachenheimer, a clinical professor of management and executive director of the Entrepreneurship Lab at Pace University explains, — “Entrepreneurship is much broader than the creation of a new business venture. At its core, it is a mind-set — a way of thinking and acting. It is about imagining new ways to solve problems and create value.”
Pittsburgh Post-Gazette [Newspaper],
May 27 2016
http://www.post-gazette.com/in-the-lead/itl-2016-companies/2016/05/27/Commentary-Len-Boselovic-Companies-make-up-then-break-up/stories/201605270027 Companies make up, then break up By Len Boselovic After spending billions on acquisitions that stoked its downstream business of making parts for the aerospace, automotive and other markets, Alcoa will spin the unit off into a new company, Arconic, later this year. The thinking: investors are not putting a high enough price tag on Arconic's fast-growing downstream operations because they perceive Alcoa to be a commodity aluminum producer plagued by global overcapacity and depressed metals prices. “It's hard for investors to get excited about that, particularly when commodities prices are falling,” said Bruce Bachenheimer, executive director of Pace University's Entrepreneurship Lab. Those challenges notwithstanding, Mr. Bachenheimer believes corporate divorces are generally more productive than marriages. He said that too often companies pursue a merger or acquisition for the wrong reason: to grow just for the sake of growing. “Spinoffs are generally done for the right reason and do work,” he said.
May 9 2016
http://www.inc.com/jeremy-quittner/krispy-kreme-goes-private-to-rebuild-brand-cachet.html Why Some Companies--No Matter How Successful--Should Stay Private By Jeremy Quittner Freed from the demands of public market investors who tend to focus on short-term returns, some companies may find renewed life that harks back to when they were small and privately held, business experts say. They can strengthen their brands, double down in the communities in which they operate, and get back to their roots as innovators. "[Krispy Kreme] could take an approach to the business that is more family-friendly and more small-business friendly when you don't have the pressure of quarterly returns," says Bruce Bachenheimer, a clinical professor of management at Pace University in New York. It's not inconceivable that Krispy Kreme would go public again, Bachenheimer says, as time off the public market can increase the company's cachet and value. "For the employees and for the primary stakeholders, the distributors and retailers they are associated with, it could be taking a smaller business, longer-term approach" that could help increase the brand's value, Bachenheimer says.
April 6 2016
http://www.inc.com/jeremy-quittner/olive-garden-battle-over-breadsticks-a-big-lesson-on-managing-small-stuff.html What You Can Learn From Olive Garden's Breadstick Battle By Jeremy Quittner While Olive Garden is a giant chain, its lessons could be instructive to small business owners. Namely, you should indeed sweat the small stuff, because even minor details akin to a free bread policy can make a big difference to your bottom line. "When you talk about a company or an industry with very thin margins, tiny changes can have an enormous impact," says Bruce Bachenheimer, a clinical professor of management at Pace University. The history of business is filled with second chances stemming from minor changes. Many years ago, the company that produces Angostura bitters doubled its sales by widening the size of its bottle opening, which caused consumers to pour more into their drinks. Bachenheimer says. Similarly, some gyms have gotten a revenue boost in recent years simply by adding kettlebells, which tend to appeal to a wider spectrum of gym-goers than traditional dumbbells. Test changes to products and price points with a limited set of customers, for example, and for a limited amount of time to see how it goes, experts say. "Call it A/B testing," Bachenheimer says. "It's a nice way to try things on an experimental basis and to measure the results, but not suffer huge consequences if it's not successful."
Business News Daily [Newspaper],
March 21 2016
http://www.businessnewsdaily.com/2642-entrepreneurship.html What is Entrepreneurship? By Paula Fernandes "Entrepreneurship is much broader than the creation of a new business venture," added Bruce Bachenheimer, a clinical professor of management and executive director of the Entrepreneurship Lab at Pace University. "At its core, it is a mind-set — a way of thinking and acting. It is about imagining new ways to solve problems and create value." Be passionate. Successful entrepreneurs are driven primarily by a need for achievement and the desire to make a meaningful difference, Bachenheimer said. "The most important traits are passion and persistence, but these must not be confused with arrogance and stubbornness," he said.
March 7 2016
http://www.inc.com/jeremy-quittner/four-important-traits-the-fastest-growing-startups-all-share.html 4 Moves You Must Make to Create a Billion-Dollar Company By Jeremy Quittner Still, some of the findings may be cause for skepticism. Bruce Bachenheimer, a clinical professor of management at Pace University, disagrees with the point about shorter, non-local names, calling it a red herring. One example of a company that grew from startup phase to gargantuan proportions is Sun Microsystems, whose name, he points out, originally stood for Stanford University Network. And, he says, filing for a patent early on could work against a company because it can be expensive to file for one, or costly to defend against infringement claims. Bachenheimer agrees with the researchers that the economic environment has changed dramatically for entrepreneurs, making it much more difficult for young companies to form and grow. One key reason is the decimation of savings and home ownership rates, which both provided much-needed financing to startups in prior decades. "[The declining rate of entrepreneurship] has to do with the financial crisis, wage stagnation, and housing price declines since 2008, and it has to do with the erosion of the middle class," Bachenheimer says.
Westchester County Business Journal [Newspaper],
March 4 2016
http://westfaironline.com/77871/age-old-profession-of-accounting-changing-with-the-economy/ Age-old profession of accounting changing with the economy March 4, 2016 By Reece Alvarez The perception of desirability and loyalty to the old-guard of corporations is waning and being replaced with the innovative spirit of the entrepreneur, said Bruce Bachenheimer, clinical professor of management at Pace University and executive director of the school's entrepreneurship lab. “A very large percentage of students say they are interested in starting their own company or working at a startup as opposed to the previous generation before, where the goal was to get a job with a big name company,” he said. “Partially that is because of all the changes we have seen in the economy, but also these students have seen their parents laid-off and unemployed and looking for other work, so I think there has been a shift in the mentality.” In the world of entrepreneurs, the role of accounting has moved beyond bookkeeping to one of critical importance as a strategic role in a company's positioning for future growth, he said. Startups looking to raise outside funds from angel and venture investors or who have their eyes on going public or being acquired must manage their books in a tactical way from the get-go, he said. “The last thing you want to do when you are looking to raise angel money, venture capital money and then ultimately to be acquired or to do an IPO is to have backwards books where you really didn't know what you were doing and kept a bunch of receipts in a shoebox,” he said.
Daily Voice [Internet],
February 17 2016
http://pleasantville.dailyvoice.com/schools/pace-people-this-week-bachenheimer-featured-on-south-korean-tv/624833/ Pace People This Week: Bachenheimer Featured On South Korean TV By John Haffey Bruce Bachenheimer was featured on South Korea's national public television station to discuss New York's growing 'Silicon Alley'. Photo Credit: Pace Pace Clinical Professor of Management and Executive Director of the schools' Entrepreneurship Lab, Bruce Bachenheimer, was interviewed about NYC's burgeoning 'Silicon Alley' on KBS Channel 1, South Korea's national public television station. Click here to watch his interview. The 'Silicon Alley' segment starts at 19:50 and Bachenheimer appears at 22:58.
February 5 2016
http://www.inc.com/jeremy-quittner/small-health-care-cooperatives-could-follow-large-company-coalition.html Here's How Health Care Could Get Cheaper in 2016 By Jeremy Quittner Small companies currently have access to a federal exchange, called SHOP, that leverages their combined purchasing heft to buy plans. But the large company model could percolate down to create an additional option for entrepreneurs. "What's interesting for small businesses is that similar pools could come from trade unions and trade guilds and business associations," says Bruce Bachenheimer, a professor of clinical management at Pace University. In addition to small companies banding together, Bachenheimer adds that other types of pools also could form, for example within the growing ranks of the self-employed in the so-called gig economy, represented by Uber and TaskRabbit. Even startups that bring together entrepreneurs, such as WeWork, could also present large pooling opportunities. There are concerns about the sensitivity of data that companies exchange and how they use it, Bachenheimer says, as well as whether these pools will really provide cost savings, as the WSJ suggests. Further, regional nonprofit co-ops that have relied on more limited networks of health care providers have struggled to remain solvent over the years, in large part because they have attracted a preponderance of older workers who need more care. Yet cooperative networks that service startups would tend to have younger workers, and could have a better chance. "It will never make economic sense until younger, healthier employees join in," says Bachenheimer. "These plans could be catered to young, tech workers."
Creative Room 4 Talk [Magazine],
January 28 2016
was interviewed in the February 2016 issue of Creativeroom4talk, an international magazine for communications & creativity. The digital magazine (Issue 10) is available at: http://bit.ly/InterviewBB and the text is as follows: Name: Bruce Bachenheimer Where do you live: New York, USA Known for: Entrepreneurial thinking and action Currently working with: Pace University (Manhattan) as a Clinical Professor of Management and Executive Director of the Entrepreneurship Lab. When did you realize that you were going to work with this/in this area?: I wanted to teach at the college level for quite a long time, but didn't realize I would have the opportunity to do so on a full-time basis at a major metropolitan university until it I started. If you could choose one place only to live, where would that be and why? I've travelled to about 60 countries and if I had to choose one place to live other than New York, I suppose it would be Sydney, Australia. It is an incredibly beautiful city with a wonderful quality of life and great people. How would you describe your creativity? Entrepreneurial. I try to develop innovative solutions to problems that create value. How and when did you start to work with this in a serious manner? I've had an entrepreneurial perspective since childhood and applied this mindset seriously throughout my professional career. What do you do at the moment? I teach undergraduate and graduate courses, primarily in the areas of entrepreneurship, management and strategy as a Clinical Professor at Pace University in Manhattan. I am also the Executive Director of the University's Entrepreneurship Lab, which is a collaborative workspace designed to bring together students from Pace's six Schools and Colleges in order to promote cross-disciplinary problem solving, experiential learning and the development entrepreneurial mindset. A recommendation for those who think about starting and running a creative business? Determine what is really important to you. Not what others would define as important or something that would make you successful, but what you are truly passionate about. Tell us how it all started. I grew up in a somewhat rural area and had to create my own opportunities by being independent and resourceful. What is the most important thing in a workplace/studio for you? Independence. I will work towards institutional goals and within organizational boundaries, but want the freedom and flexibility to pursue a creative path autonomously. What is your favorite film? “Manhattan” by Woody Allen. JuzoItami's “Tampopo” is a close second. Who would you like to invite for a dinner and why? The person reading this, because that captures something from “Crossing Brooklyn Ferry” by Walt Whitman. How do you like to spoil yourself? By going to a country I have not yet visited. What is luxury for you? I try to avoid materialism and conspicuous consumption at all costs, but suspend monetary concerns for Omakase sushi. What is the nicest compliment you've received for your
United States Association for Small Business and Entrepreneurship
October 19 , 2016
The United States Association for Small Business and Entrepreneurship® (USASBE) is the largest independent, professional, academic organization in the world dedicated to advancing the discipline of entrepreneurship. With over 1000 members from universities and colleges, for-profit businesses, nonprofit organizations, and the public sector, USASBE is a diverse mix of professionals that share a common commitment to fostering entrepreneurial attitudes and behaviors.
MIT Enterprise Forum
[Chairman of the Board of Directors, Global Board Member, Chapter Executive Committee]
July 1 , 2002
History. The MIT Enterprise Forum of New York City was founded in 1971 by John Jenkins, an engineer who had graduated from MIT. We were probably the first organization established for the purpose of providing support to entrepreneurs. Seven years later, a national organization was established by MIT, which today consists of 28 chapters throughout the world. This global network is managed by Technology Review, an independent media company owned by MIT with a global readership of 2.6 million. Program. The Forum has always been open to one and all and operated by volunteers. The purpose has never changed: to help technology-related entrepreneurs start and grow innovative businesses. And the program has consistently featured discussion forum events that support this purpose by delivering insights and opportunities to build relationships with people who can be of help – investors and corporate executives who may become customers, strategic partners, or acquirers. We take pride in being able to attract a sophisticated following of entrepreneurs, investors and business decision-makers.
Academy of Management
November 6 , 2003
Lubin Open House [Other]
Desc: Setup a table with information material about the Entrepreneurship program and eLab.
Committee's Key Accomplishments: Engaged with prospective students and their parents, by providing information and continuous tours of the eLab.
Lubin Advisory Board [Other]
Desc: Highlighted the accomplishments of the Entrepreneurship Lab.
Committee's Key Accomplishments: High quality presentation material prepared for distribution. Very positive response received.
"Did You Know?" Lubin Majors Event [Other]
Desc: Represented Entrepreneurship concentration and spoke about Entrepreneurship Lab opportunities.
Committee's Key Accomplishments: Capacity attendance and very high satisfaction feedback.
Celebrate Lubin! [Attendee, Meeting]
Desc: Attended event and helped prepare display and materials for the Entrepreneurship Lab table.
Committee's Key Accomplishments: See pic.twitter.com/OVOz0Uuyjg
Major Series Month [Other]
Desc: Presented the undergraduate Entrepreneurship program and Entrepreneurship Lab opportunities to freshman and sophomores on October 13, 2014
Committee's Key Accomplishments: 1. 62% of people that attended were freshman and 33% were sophomores 2. 90% of students indicated that they feel more informed about their major 3. 100% of participants gave the session a good, very good or excellent rating 4. 50% of participants indicated that the sessions helped them feel ready to declare their major. 5. 70% of students would recommend this program to other students
Princeton Review Survey [Other]
Desc: Completed the undergraduate and graduate entrepreneurship surveys for Princeton Review. This included gathering data and writing essay responses.
Center for Student Enterprise
[Board of Directors]
Desc: Attend board meetings, review financial statements and other documentation, provide feedback and vote on key issues, participate in events.
Committee's Key Accomplishments: Governing body for three student run businesses: Pace Perk, Pace Mart, and Pace Connect.
High School Counselors Campus Visit
Desc: Held two interactive workshop sessions for high school counselors visiting the NYC campus. Each session 30-minute session had approximately 25 attendees and included a tour of the Entrepreneurship Lab.
Committee's Key Accomplishments: Undergraduate Admissions stated the event was "a huge success" and that feedback from participants was "overwhelmingly positive."
Securing Private Funding: A Roundtable Discussion
Desc: The Associate Provost Sponsored Research along with the Director of Corporate and Foundation Relations asked me to speak at a Pace roundtable event about grant and donor funding (i.e. Blackstone Charitable Foundation, Michael Dezer, Ted and Pat Levine).
Committee's Key Accomplishments: The event was very well attended and received strong positive feedback.
[Attendee, Award Ceremony]
16th Annual Lubin Golf Classis
[Attendee, Award Ceremony]
Desc: Served as a Faculty Reader at the Pleasantville undergraduate commencement ceremony (5/23/14). Also participated in the Alumni Commencement Reception immediately afterwards.
Committee's Key Accomplishments: Completed task as requested.
[Attendee, Award Ceremony]
Desc: Attended NYC commencement and met alumni donor Michael Dezer, BBA '68
Research and Scholarly Activity Action Group
Desc: The Research and Scholarly Activity Action Item Group was formed under the leadership of the Provost to explore the means to increase and strengthen research, scholarly activity and external funding initiatives at Pace University. The Action Item Group has met four times (10/12/12, 11/2/12, 11/16/12, & 11/30/12) during the Fall Semester 2012 to explore the issue.
Committee's Key Accomplishments: See final report submitted on December 10, 2012.
CIS 101 Re-Engineering Committee
Desc: To collaborate on a revision of the CIS 101 course, a requirement for all incoming freshmen across every school. Design a curriculum to provide students a global perspective on the technology necessary to be successful in the classroom and in their chosen professions. Attended meetings on 3/20/12, 4/2/12, 4/16/12, & 5/2/12.
Committee's Key Accomplishments: See final recommendations issued at the end of the spring 2012 semester.
Girl Scouts of America
[Adviser and Guest Speaker ]
Desc: Assisted in the development of a year long entrepreneurial project to teach 9 and 10 year old girl scouts skills through peer learning and experiential exercises. The result is a case study of how the girl scout program is a working example of project-based learning teaching 21st century skills.
Committee's Key Accomplishments: A video that comprehensively documents this project, and highlights my role, is available at http://youtu.be/8Uj_nfGJsVw.
Chappaqua Central School District
Desc: Advise board members on incorporating elements of innovation and entrepreneurship in school facilities and curriculum.
- United States Association for Small Business and Entrepreneurship , October 19 , 2016