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The James Madison University College of Business is now in the top 5% of undergraduate business schools according to BusinessWeek. A good part of this ranking is the quality and dedication of the staff. Another component is the innovative COB 300 class.
COB 300 is a 12-credit, team-taught integrated academic experience, which has been required of all COB Bachelor of Business Administration degree students since the late 90s. For the past five years, the College of Business and alumni have sponsored a business plan competition for the top five plans produced by the students. I have been involved with this competition since the beginning and it is one of the most rewarding things that I do.
Student teams from COB 300 are invited to submit business plans. The COB 300 faculty select semi-finalists from more than 150 business plans which are developed and presented annually by COB 300 students. These business plans are then reviewed by an external judge's panel. From the semi-finalists group, 5 student teams are selected as finalists. More than $17,000 in scholarships and awards are presented to those teams that participate in the Business Plan Competition finals each April.