First Fidelity Integrated Business Core (IBC)
Step outside the classroom... Learn from experience... Start a company!
Students get hands-on, real-world training through IBC. From brainstorming and market analysis, to managing employees and the legal implications of business transactions, to selling products and closing the books on the last sale, IBC develops the skills it takes to launch a successful business. All profits go to local non-profit charities along with 'sweat equity' of up to 500 hours of community service each semester.
IBC has a close partnership with First Fidelity Bank in Norman. First Fidelity is integral to the program in the loan presentation process.They provide practical feedback and an invaluable experience to the companies as they are presenting their business plans.
Companies formed through this program have donated their profits of over $1 million to local charities since it started in 1995. It has also donated over 48,000 hours of community service. The faculty dedicated to this program are working to provide a practical application to the education of OU/Price College business students. Summary of past companies (pdf).
Participation in this program satisfies the requirements for 4 areas of study:
MGT 3013 Principles of Management
MKT 3013 Principles of Marketing
LS 3323 Legal Environment of Business
B AD 3013 First Fidelity Integrated Business Core Practicum
"The First Fidelity Integrated Business Core (IBC) is dedicated to excellence in teaching real-world business experience, a mastery of business concepts and commitment to student development while instilling individual and organizational values through service to our community."