August 18, 2003

Los Angeles — Elaine Hagan ('91) has been named executive director of the Harold Price Center for Entrepreneurial Studies at The Anderson School. Since 1991, she has served as associate director of the Center. This newly created position was established in conjunction with the move of Professor Al Osborne, Price Center founder and director, to the role of senior associate dean of The Anderson School.

Hagan began her association with the Price Center as an MBA student at The Anderson School. Upon graduating, Elaine joined the Center, working closely with Osborne, Bill Cockrum, and the Price Center's Board of Advisors. Together, they led a small staff that carried out the Center's mission: providing a set of academic and extracurricular experiences that advance both the theory and practice of entrepreneurship. During the team's long collaboration, the Price Center has become world renown, winning four #1 spots and numerous top 5 rankings over the last several years in a variety of publications, including the Financial Times, U.S.News & World Report, and Entrepreneur.

"We have every confidence that Elaine will continue to build upon the foundation she helped establish for the Price Center," said Bruce Willison, dean of The Anderson School. "Her long partnership with Professor Osborne makes her uniquely qualified to lead the Center to higher heights, while undertaking new challenges and endeavors."

Prior to joining the Price Center, Hagan developed broad experience and critical skills in a number of areas that aid her in her current role. At Stanford University, she was part of the Office of Development during the University's $1.1 billion Centennial Campaign, where she met a number of successful venture capitalists and entrepreneurs - two groups she now works with extensively. Earlier in her career, she worked in project administration for a privately-held engineering firm, learning firsthand the challenges of managing an undercapitalized company. At her undergraduate alma mater, UC Irvine, Hagan served in a variety of student affairs roles, providing her with skills she uses daily in counseling students and navigating her way through administrative issues at UCLA.

While the Price Center has made significant contributions in advancing the field of entrepreneurial studies, Hagan acknowledges that there is still work to be done. "We have a long way to go before much of the entrepreneurial research matches the standards of the established management disciplines," noted Hagan. She hopes that the Center's research grant program is helping to make an inroads in this area, and that at some point, the School will be able to hire additional faculty who have an interest in both teaching and entrepreneurial research.

Meanwhile, the Center has become well-known for its presence outside the classroom, providing a level of support to aspiring entrepreneurs that is unmatched by any of its top-tier competitors. To this point, the Price Center serves as a model for the future of Anderson as well: a multi-purpose unit that serves all areas of the School's vast constituency, including all of Anderson's MBA programs, executive education, research and alumni.

"Whether it is providing cutting edge management training to educators from Head Start agencies, funding faculty research, or placing our students in venture and entrepreneurial settings, the Price Center makes an immediate, real world impact," said Hagan, who, in 1999, received the Abe Ackerman Award, the highest honor The Anderson School bestows on its staff. "Our students and alumni have been terrific supporters of the Center, and we are looking forward to many more Anderson success stories in the years to come."

Media Relations