The small business division team known as “Revolutionary Transportation” from Northeastern Oklahoma A&M College (NEO) received third place at the 2013 Donald W. Reynolds Governor’s Cup competition in Oklahoma City on April 12th and 13th. NEO’s small business division was awarded $4,000 for their third place finish. This is the first year NEO has competed in the Donald W. Reynolds Governor’s Cup competition, as well as the first year for the competition to include a small business division. “I am very proud of the NEO team. The Governor’s Cup program is highly competitive. This win reflects the students’ hard work and the outstanding guidance of Scott Donaldson, team advisor,” said Dr. Bethene Fahnestock, vice president of academic affairs.
The Governor’s Cup is a state-wide competition that engages students in a “real world” simulation of gathering data, researching facts, and building a business plan. The competition was judged by business professionals from around the state. Small business division entrants were limited to teams from Oklahoma’s two-year, regional or private universities who could write a business plan on any unique or innovative concept. “This competition put our students in a position to develop a concept from start to finish. They gained experience in developing an idea, researching that idea, writing a business plan, and presenting to actual investors who evaluated their plan to decide if the idea would really work,” said Scott Donaldson, faculty advisor. “This type of ‘real world’ experience will prepare our graduates for any career they choose.”
Team members included: Stephanie Asher, a sophomore majoring in business and accounting, Karlee Gibson, a sophomore majoring in business management and marketing, Belinda Hunt, a sophomore majoring in business administration and accounting, and Robert Woods, a sophomore majoring in business and accounting.
Dr. Jeff Hale, NEO A&M College president, Dr. Bethene Fahnestock, vice president of academic affairs, and Pat Creech, chairwoman of the Business and Technology dept., helped make all of this possible by creating the class for these students. “We are so proud of the extraordinary efforts of our students and Mr. Donaldson,” Creech said. “To place third in this competition against much larger schools is indeed an accomplishment.” President’s Partners sponsored the team by helping with travel expenses and the table sponsorship for awards dinner.