Students in the First Fidelity Bank IBC program receive hands-on, real-world, experiential training through simulated business opportunities inside and outside of the classroom. Starting with the formation of a company, students brainstorm product ideas, perform market analysis, manage employees and discover legal implications of business transactions associated with a plethora of day-to-day business dealings. IBC develops the skill sets necessary to launch a successful business by exposing students to all aspects of business; including accounting, financial analysis, market analysis and adverting, supply chain, website development and design, employee/employer relationships, and the business regulatory environment. Students are immersed into the business arena where they work side-by-side with professors, industry professionals, and community partners such as First Fidelity Bank. First Fidelity is an integral component of the program by considering loan proposals by the student companies. Banking executives from First Fidelity offer practical feedback and an invaluable experiences to the companies as the teams work to assess risks associated with their start-ups.
Participation in this program satisfies the requirements for 4 areas of study:
Companies formed through the First Fidelity Integrated Business Program have donated their profits of over $1.690 million to local charities since the program’s inception in 1995.
Students have contributed over 112,000 hours of community service to local non-profits, schools, and community shelters. Faculty dedicated to this program integrate practical applications into the education of OU Price College business students.
Executive Director - Tom Love Center for Entrepreneurship and Economic Development
Email: Robert.G.Lepak-1@ou.edu
Office: (405) 325-1638
Phone: Adams Hall Room 3005C
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