Pace University Business Students Learn a Lesson in Entrepreneurship and Philanthropy

Pace University Lubin School of Business students in Dr. Robert Isaak’s Management 449 Honors seminar learned more this semester than just how to run a business. They also got a lesson in philanthropy when their own business ventures earned a profit and they decided to donate the money to worthy causes. The 27 undergraduate students will present nearly $900 to two local organizations on Tuesday, May 2, at 6 p.m., Rm. 100 in the Goldstein Academic Center on the Pleasantville campus.

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PLEASANTVILLE, N.Y. – Pace University Lubin School of Business students in Dr. Robert Isaak’s Management 449 Honors seminar learned more this semester than just how to run a business. They also got a lesson in philanthropy when their own business ventures earned a profit and they decided to donate the money to worthy causes. The 27 undergraduate students will present nearly $900 to two local organizations on Tuesday, May 2, at 6 p.m., Rm. 100 in the Goldstein Academic Center on the Pleasantville campus.

Dr. Isaak divided his class into two groups assigning each the task to create temporary businesses that are environmentally conscious. Students were asked to plan, launch, operate, and shut down their businesses and eventually pay back the $1,000 they were subsidized from the Lubin School to start their ventures.

The first group created and published a book titled Giving the Earth Back to the Kids, that focuses on teaching children about the environment. The students asked for $5 donations to cover the cost of the book. The books, printed on recycled paper, earned a profit of $458.81. The money and books will be donated to the Pleasantville Cottage School, a residential treatment center for children from broken homes.

The second group created a series of calendars that included pictures of Pace’s campus, of various Pace clubs and organizations, and of the University’s student athletes. Students took the photographs with a digital camera, designed the calendars with environmental epigrams, solicited advertising from local businesses, and persuaded the campus bookstore to sell their product. They earned a profit of $439.55, which will be donated to the Pace Environmental Center.

Dr. Isaak, whose tenth book is titled Green Logic: Ecopreneurship, Creativity and Ethics (Kumarian Press, 1999), said “The only way to teach entrepreneurship is through entrepreneurship. This course shows us that Pace students are capable of starting their own businesses as well as understanding how to share the profit.”

Pace University’s Lubin School of Business, with 5,500 students, offers undergraduate, graduate and doctoral degree programs, and hosts a number of research centers and institutes which extend its scholarship and teaching to a worldwide audience. The School is accredited by AACSB: the International Association for Management Education.

Pace is a comprehensive, independent University with campuses in New York City and Westchester County. Nearly 13,500 students are enrolled in undergraduate, graduate and professional degree programs in the Dyson College of Arts and Sciences, Lubin School of Business, School of Computer Science and Information Systems, School of Education, School of Law, Lienhard School of Nursing and the World Trade Institute.

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