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This monthly update is designed to keep you informed about activities at the Babson School of Executive Education, which provides management development programs to companies around the world.

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Babson faculty delivered customized exxecutive programs to Colonia Insurance, DunkinDonuts, LIMRA, Olsten Health Services, Petroleos de Venezuela, and Siemens Nixdorf Informationssysteme.

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This monthly electronic broadcast is designed to keep you up-to-date on happenings at the Babson School of Executive Education, a provider of management development programs to clients around the world. Last month the School delivered custom executive programs to Atlantic Data Services, Pitney Bowes, Schwan's Sales Enterprises and Siemens Nixdorf.

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Nine teams of three to six students each from the F.W. Olin Graduate School of Business at Babson Colleghe will showcase their product innovations at the College's Third Annual Product Design Fair. Three of last year's designs resulted in a marketable product for the sponsoring company. One of these three designs has also received a patent.

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Mass. educators who specialize in media literacy--critical thinking about television, newspapers, radio, magazines, movies. and the Internet--are the recent recipients of a $50,000 grant from the Felton Media Literacy Scholars Program. Renee Hobbs, associate professor, communication, Babson College will direct the program scheduled to begin this spring for 15 Boston-area educators and media professionals.

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The business school environment has never been more competitive and students have higher expections of their schools that must be met, said former Wall Street executive and academic leader Leo I. Highdon, Jr., during his inauguration as tenth president of Babson College in Wellesley, Massachusetts, USA. Babson is recognized internationally for its strength in entrepreneurial management education.

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Robert J. Eng, associate professor of marketing at Babson College, was selected by the J. William Fulbright Foreign Scholarship Board to receive a Fulbright Scholar award to the People's Republic of China. His research will center on two emerging business issues for China: finding, attracting, and retaining qualified personnel; and examining the country's distribution and transportation networks.

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A team of MBA students from the F.W. Olin Graduate School of Business at Babson College beat the competition from Boston College, Boston IUniversity, MIT, Northeastern University, and Suffolk University to win first place in the Lotus Bean Town MBA Marketing Competition.

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More than 42,000 franchised units will start up nationwide this year, joining the 570,000 already out there. But fresh opportunities to be an innovative, profitable frachisee still abound accourding to Babson franchise expert Stephen Spinelli.

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One of every three U.S. households--37 percent, or 35 million households--includes someone who has had a primary role in a new or small business, according to a first-of-its-kind study by an international research collaborative.

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In a surprise tribute to its retiring president and former corporate executive William F. Glavin, Babson College announced the naming of the William F. Glavin Center for Global Entrepreneurial Leadership at Babson College. Major donations and net proceeds from the New York event have garnered $15.5 million to fund eight endowed faculty chairs for the Center.

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Babson College announces the 1997 inductees to The Academy of Distinguished Entrepreneurs. They will be honored at the 20th annual Founder's Day program, Wed.,April 16, 1997 on the Babson campus in Wellesley.This year's Academy inductees include: Willie D. Davis, Leo Kahn, Leslie C. Quick, Jr. and Thomas G. Stemberg