Fundamentals of Management, 8th ed

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Part 2: Planning

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mostly as small-business owners themselves. Together, SCORE and ACE have more than

12,000 counselors working out of 350 chapters throughout the United States. They pro-

vide assistance to some 140,000 small businesses each year.

The talents and skills of students and instructors at colleges and universities are

fundamental to the Small Business Institute (SBI). Under the guidance of seasoned

professors of business administration, students seeking advanced degrees work closely

with small-business owners to help solve specific problems, such as sagging sales or

rising costs. Students earn credit toward their degree, with their grades depending on

how well they handle a client’s problems. Several hundred colleges and universities

counsel thousands of small-business owners through this program every year.

Finally, the newest of the SBA’s management counseling projects is its Small Business

Development Center (SBDC) program. Begun in 1976, SBDCs are designed to consoli-

date information from various disciplines and institutions, including technical and

professional schools. Then they make this knowledge available to new and existing

small businesses. In 1995, universities in 45 states took part in the program.