And there is another eye on financial reform itself, as Congress hands off responsibility to many agencies and regulatory bodies to decide in detail what will happen to the structures and size of banks or the ways derivatives and other complex financial instruments will be traded and priced.
MBAs and finance professionals interested in community development in all phases and segments will want to attend or learn more about OFN's role. (Contact Fabiani at firstname.lastname@example.org to learn more about OFN. The Consortium Finance Network plans to highlight more about its programs and financings in the periods to come.)
Amidst a brisk conference season, don't forget the National Society of Hispanic MBAs (www.nshmba.org). Its annual conference will be in Chicago October 21-23. Its agenda will include several professional-development seminars, including some finance-focused. A highlight of the conference is its CEO speaker series. CEOs from Humana, Campbell Soup, and State Farm are scheduled to appear. The Consortium will make appearance in Chicago, as well.
The organization hosted a conference for budding entrepreneurs in New York in July. Its next event is in Chicago November 6.
It emphasizes developing a product or service based on what a customer specifically wants and doing so before reaching out to investors for funding. Kelly described the methodology as a "customer discovery process," where entrepreneurs learn what the customer wants and analyze feedback during product development. The entrepreneur uses an iterative feedback to design and tailor the product to a customer base. In the end, when the product is fully developed, a known market already exists.
LSM intends to teach and spread its principles at weekend sessions (like the one in July) and hopes to lead more sessions elsewhere. At the events, experts and entrepreneurs show how the principles lead to a defined market base, funding, and business success.
The principles are based on methodology developed by Eric Ries, an advisor for many technology startups and venture-capital firms and a co-author of books on entrepreneurship. He shares his experiences and lessons learned in his own blog (www.startuplessonslearned.com).