Jon Johnson
Department Chair
515 Willard J. Walker Hall
jonjohn@walton.uark.edu

The Department of Strategy, Entrepreneurship and Venture Innovation offers undergraduate, master's, and doctoral programs for students who are interested in starting their own business or nonprofit organization or who are interested in developing innovation and creativity skills valuable to existing organizations. The department was launched in 2020 and academic programs will begin in the 2021-22 academic year. Current Small Business and Entrepreneurship students offered by the Department of Management may complete their degrees in the new department.

The department offers a major in Innovation and Entrepreneurship. The major is most pertinent for students aiming to manage a small business or who have a clear idea for a venture they would like to create.

Requirements for B.S.B.A. in Innovation and Entrepreneurship

Innovation and Entrepreneurship Major

The Innovation and Entrepreneurship major is aimed at Walton College Students who intend to start new for-profit, non-profit or for-benefit ventures, manage and grow small businesses, or enter the workforce with an entrepreneurial mindset and skills in innovation and technology commercialization.

The major requires 24 hours in addition to satisfying the other requirements for the B.S.B.A. degree.  A maximum of 27 hours is allowed in a Strategy, Entrepreneurship and Venture Innovation (i.e. core, major, electives) unless the courses are part of an interdisciplinary minor or collateral track. 

SEVI 2013Introduction to Venture and Value Creation3
Choose one of the following Thematic Core courses: 3
Corporate Innovation
Social Entrepreneurship
Entrepreneurship and New Venture Development
Small Enterprise Management
Choose three of the following courses: 9
Social Entrepreneurship
Corporate Innovation
Entrepreneurship and New Venture Development
Honors Strategy, Innovation and Entrepreneurship Colloquium
Special Topics in Management
Leadership
Organizational Change and Development
Small Enterprise Management
Students Acquiring Knowledge Through Enterprise (S.A.K.E.) Product Innovation Lab
International Management
Organizational Staffing
Organizational Rewards and Compensation
Entrepreneurship Practicum
Choose three of the following courses: 9
Intermediate Accounting I
Fundamentals of Taxation I
Commercial Law
Financial Markets and Institutions
Risk Management
Real Estate Principles
Valuing New Ventures
New Venture Finance
Principles of Information Systems
Consumer Behavior
Integrated Marketing Communications
Selling and Sales Management
Retail Strategy
New Product Development
Global Marketing
SOURCE: Procurement and Supply Management
PLAN: Inventory and Forecasting Analytics
Supply Chain Strategy and Change Management
Honors College Colloquium
Sustainability in Business
Total Hours24

Innovation and Entrepreneurship B.S.B.A.

Eight-Semester Degree Program:

Students wishing to follow the eight-semester degree plan should see the Eight Semester Degree Policy in the Academic Regulations chapter for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these courses are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First YearUnits
FallSpring
ENGL 1013 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)3  
MATH 2053 Finite Mathematics (Satisfies General Education Outcome 2.1)13  
COMM 1313 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)3  
WCOB 1111 Freshman Business Connection1  
BLAW 2013 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)23  
ISYS 1123 Business Application Knowledge - Computer Competency3  
ENGL 1023 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)  3
ACCT 2013 Accounting Principles  3
WCOB 1033 Data Analysis and Interpretation  3
ECON 2023 Principles of Microeconomics (ACTS Equivalency = ECON 2203) (Satisfies General Education Outcome 3.3)  3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)  4
Year Total: 16 16
 
Second YearUnits
FallSpring
ACCT 2023 Accounting Principles II3  
ISYS 2103 Business Information Systems23  
MATH 2043 Survey of Calculus (ACTS Equivalency = MATH 2203)33  
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity requirement)43  
Fine Art/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2) 5, 63  
SCMT 2103 Integrated Supply Chain Management2  3
MGMT 2103 Managing People and Organizations2  3
ECON 2013 Principles of Macroeconomics (ACTS Equivalency = ECON 2103) (Satisfies General Education Outcome 3.3)3  3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)  4
SEVI 2013 Introduction to Venture and Value Creation  3
ALL pre-business requirements should be met by end of term
Year Total: 15 16
 
Third YearUnits
FallSpring
FINN 3043 Principles of Finance3  
MKTG 3433 Introduction to Marketing3  
Thematic Course 3  
SEVI/MGMT Major Course3  
U.S. History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)3  
SEVI/MGMT Major Course  6
Major Elective Course  3
SEVI 3013 Strategic Management (Satisfies General Education Outcome 6.1)  3
General Electives   3
Year Total: 15 15
 
Fourth YearUnits
FallSpring
Major Elective Course3  
General Electives 3  
Fine Art/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)5, 63  
Junior/Senior Business Electives 6  
Major Elective Course  3
Junior/Senior Business Electives  6
General Electives   3
Year Total: 15 12
 
Total Units in Sequence:  120

Minor in Innovation and Entrepreneurship for Business Majors

The Department of Strategy, Entrepreneurship and Venture Innovation offers a minor for Walton College students desiring more knowledge of innovation and entrepreneurship to assist them in their business careers. The minor requires the completion of 15 specific hours of study with all of the upper division courses applied toward the minor taken in residence. The 15 hours include the following courses:

Required course
SEVI 2013Introduction to Venture and Value Creation3
Choose one of the following Thematic Core courses: 3
Corporate Innovation
Social Entrepreneurship
Entrepreneurship and New Venture Development
Small Enterprise Management
Choose three of the following courses: 9
Social Entrepreneurship
Entrepreneurship and New Venture Development
Small Enterprise Management
Corporate Innovation *
Special Topics in Management
Students Acquiring Knowledge Through Enterprise (S.A.K.E.) Product Innovation Lab
Honors Strategy, Innovation and Entrepreneurship Colloquium
Leadership
Organizational Change and Development
International Management
Organizational Staffing
Organizational Rewards and Compensation
Entrepreneurship Practicum
* students may choose if not otherwise used toward the Thematic Core course option
Total Hours15

Students who desire to earn an Innovation and Entrepreneurship minor must notify the Walton College Undergraduate Programs Office of intent to pursue a minor. All requirements for the minor must be completed prior to the awarding of the student’s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor. All upper level minor requirements must be taken in residence.

Faculty

Amerine, Jeff, M.S. (University of Arkansas), B.S. (U.S. Naval Academy), Instructor, 2009.
Anand, Vikas, Ph.D. (Arizona State University),M.B.A. (Indian Institute of Foreign Trade), M.Sc. (Birla Institute of Technology), Professor, 1999, 2005.
Chen, Diana, Ph.D., M.S. (University of Arkansas), B.S. (Colorado State University), Lecturer, 2020.
Cummings, Michael, Ph.D. (University of Minnesota), J.D. and M.P.A. (Brigham Young University), B.S. (Utah Valley), Assistant Professor, 2017.
Ellstrand, Alan E., Ph.D. (Indiana University at Bloomington), M.B.A. (North Illinois University), B.S. (University of Illinois-Urbana), Professor, 2000, 2002.
Goforth, Sarah, M.A. (University of Wisconsin-Madison), B.A. (Hendrix College), Instructor, 2017.
Grandy, Jake, Ph.D. (University of Southern California), M.A. (University of New Mexico), B.S. (University of British Columbia), Assistant Professor, 2020.
Johnson, Jon, Ph.D. (Indiana University at Bloomington), M.B.A., B.S. (University of Arkansas), Professor, Walton College Professorship in Sustainability, 1996, 2007.
Mlakar, Paul Francis, M.B.A. (University of Arkansas), Lecturer, 2019.
Reeves, Carol, Ph.D. (University of Georgia), M.A. (University of South Carolina), B.S. (Georgia Southern College), Professor, Cecil and Gwendolyn Cupp Applied Professorship in Entrepreneurship, 1990, 2012.
Ridge, Jason, Ph.D., M.A., B.A. (Oklahoma State University), Associate Professor, 2015, 2017.
Rodeffer, Carolyn, M.B.A. (University of Chicago), B.A. (University of Maryland), Instructor, 2015.
Sadeghi-Jourabchi, Ali M., M.S. (University of Arkansas), B.S. (Oregon State University), Lecturer, 2015.
Spenser, Brooke, M.B.A. (Indiana University at Bloomington), B.S. (University of Oklahoma), Instructor, 2021.
Worrell, Dan, Ph.D., M.S., B.S. (Louisiana State University), Professor, Corporate Responsibility Professorship in Management, 2005.
Zweig, Mark, M.B.A., B.S. (Southern Illinois University at Carbondale), Lecturer, 2005.