CSR Profile of The Foundation for Enterprise Development

The Foundation for Enterprise Development (FED), established in 1986 by Dr. J.R. Beyster, is a non-profit foundation focused on helping the sustainability and growth of U.S.-based science and technology companies through its research, education, and services that advance innovation and broad-based ownership.

The FED strives to increase awareness of ownership and management principles among students, entrepreneurs, and business leaders through educational curricula. The FED also creates and engages in research and education programs that inspire innovation and entrepreneurship for solving problems of national and global importance.

The FED encourages entrepreneurs to foster a culture of innovation within their company and is also committed to fostering business principles that support the creation of an ownership culture with employees who grow the company. Our guiding principles include:

• Give employees the freedom to create the kind of business and environment they would be passionate to work in.
• Encourage entrepreneurship and superior performance, and give employees ownership of the organization and rewards commensurate with their contributions.
• Create an empowering culture where employees have a say in the policies and management of the company, know how the company makes money and is performing, and take actions for sustainable long-term and short-term performance.

The FED is working with universities across the nation and in particular we support the Beyster Institute at University of California San Diego, which is teaching graduate-level courses, conducting webinars, running the leading national employee ownership conference, presenting at numerous conferences, and consulting directly with more than 100 companies on employee ownership. We also collaborate with Rutgers University, a leading research university in employee ownership and administrator of an international fellowship program on employee ownership.

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