The Business, Organizations and Society Capstone is a culminating opportunity for students to utilize and demonstrate the knowledge and skills developed through the BOS major. Capstones are a two-course sequence consisting of a Capstone Seminar in the Fall and a Capstone Project in the Spring. Capstone Seminars are designed to provide students with frameworks for designing and implementing their Capstone Project. All Capstones are under the direction of a faculty advisor. The Capstone Seminars provide students with an overview of the diverse, multidisciplinary questions and methods that have captured the interests of scholars of business and management. Students are also taught how to conduct independent research, and write an in-depth research proposal, case study, or business plan for venture creation. Students can opt for one of three tracks, upon completion of the prerequisites for the relevant Capstone sequence.
- Management Development Sequence1
The Management Development Capstone seminar is designed for students planning to work in traditional organizations (e.g., consulting firms), expecting to pursue graduate school, and/or interested in applied and theoretical research. Their research interests may span topics in business, including the intersection of business and technology/innovation; management theory and strategy; organizational design, behavior, and operations. Students enrolled in this Capstone sequence will work directly with a faculty member to produce applied and theoretical research papers on a topic of interest. The Management Capstone Project may take two main forms. Students may design a Capstone project that identifies and addresses an existing organizational-level problem, and apply skills and methods learned during the capstone seminar, and other coursework. Working individually or in small teams, students will research, analyze, and develop recommendations to address the problem. A key aspect of this option is to develop a detailed plan for enhancing the performance of the organization. Students are encouraged to work in teams, and engage with local organizations and businesses in this regard. Alternatively, students may undertake a research project on a general management topic of their choice. Students will review the relevant literature, generate research questions and hypotheses, address the topic using qualitative or quantitative secondary research data, and draw conclusions based on their findings.
- Entrepreneurship and Venture Development Sequence
This pioneering Entrepreneurship and Venture Development Capstone Seminar will take students through the essential elements of entrepreneurship and venture creation (including design thinking, idea generation, project finance, property rights protection, and prototyping). Students who complete this Capstone Seminar may finish with a significantly advanced entrepreneurial endeavor that will be further developed during the Capstone Project. Students interested in this Capstone sequence must first complete Introduction to Entrepreneurship (BUSOR-UH 1007), and are strongly encouraged to take other entrepreneurship-relevant courses prior to the Capstone Seminar.
Students who complete the Entrepreneurship and Venture Development Capstone Seminar have two options for the Capstone Project:
- Entrepreneurship (Venture Development Program)
In this program-based Capstone Project, students will gain the tools and knowledge to develop a comprehensive new venture that is scalable, repeatable and capital efficient (i.e., a minimum viable product). The program will help students validate business ideas through a process of ideation and testing. Participants will evaluate the viability of their ideas through regular customer development and real-world tests. The program will cover customer discovery, market sizing, pricing, competition, distribution, funding, developing a minimal viable product and many other facets of creating a new venture. This Capstone is intended for students interested in venture creation (including non-profit entities) and/or the commercialization of products. Entry into the program will be competitive; students will apply and will be invited to participate based on their performance in the BOS program, notably the Entrepreneurship and Venture Development Capstone Seminar. Students in the program will work in small teams, facilitating team-building. Faculty will provide academic oversight, training, supervision and support for the implementation of projects. Students interested in applying to the Venture Development Program should also complete “Entrepreneurial Finance,” or a substitute course.2
- Entrepreneurship (Case Study; Business Plan)
This Capstone Project is intended for students who are interested in entrepreneurship, more generally, and not necessarily in venture creation. This sequence is designed for students planning to work in start-ups, family businesses, or smaller firms. Students may fulfill this Capstone project requirement by writing a case study or business plan. Students who take the Entrepreneurship and Venture Development Seminar, but are not granted entry into the Entrepreneurship Venture Development Program will enroll in this Capstone project.
1The management capstone sequence will be the default route for off-cycle students.
2Substitute courses include, but are not limited to: Impact Investing (BUSOR-UH 1302); FinTech Innovation: Finance, Technology, Regulation (ECON-UH 2512)