Clearly, the goal is to sustain Babson's leadership, so that we continue to have a significant impact on the teaching and the practice of management. Later in the year, we will assemble specific task forces to outline what it will take to put these programs into place. There is no question that the most critical element in the success of a planning effort like this is that it be open, participative, and comprehensive. We have arranged for a broad cross section of participants in these early group exercises. Through Babson's Web site and other communications, we will make sure that everyone is informed and has a way to contribute their ideas and comments.
Values are also important.
For a learning community like Babson, this is especially important. A key part of the community dialogue is to ensure that we articulate and reconfirm our commitment to the values that have defined Babson College throughout its history. Babson is world-renowned for entrepreneurship. We are absolutely committed to leadership here, and over the past two years, we've introduced some exciting new initiatives. Thanks to Frederic and Jane Hamilton, we now have a scholarship program for entrepreneurial MBA students.