Duke - The Fuqua School of Business

News Release

Fuqua School of Business Students Place First in Case Competition

February 01, 2004

WINSTON-SALEM, N.C. -- Two students from Duke University’s Fuqua School of Business placed first in the social entrepreneurship category at the fourth annual Kauffman/Angell Center for Entrepreneurship National Case-Writing Competition held at Wake Forest University’s Babcock School of Management last month. The competition helps students bridge the gap between theory and practice by examining practical business experiences in depth.

Victor Abad ’04 and Adam Elboim ’04 focused their case on the growth of the Latino Community Credit Union (LCCU) in Durham. The case provided an in-depth analysis of the organization’s growth and development, with a focus on the correlation between key entities such as human resources, location, partnerships and financial sustainability.

Since its inception in 2000, the LCCU has opened five branches in North Carolina, has nearly 16,000 members and is considered the fastest-growing credit union in the United States. It has served the needs of the state’s rapidly-growing Latino population, which has been well above the national average in recent years.

Abad and Elboim prepared the case under the supervision of Beth Anderson, lecturer and managing director of the Center for the Advancement of Social Entrepreneurship at Fuqua. The case will be further examined by Fuqua MBA students later this month as part of the social entrepreneurship curriculum. “Being able to focus on a tangible model is key to students’ comprehension of the case,” says Abad. “Focusing the class on either one or all of the areas we analyzed provides a global understanding of all of them.”

In addition to a cash prize, the students were awarded an engraved clock and a plaque, both of which they plan to present to the Fuqua School of Business. The competition is sponsored by the Ewing Marion Kauffman Foundation which works to accelerate entrepreneurship in America through educational programming and research.