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Growing up as an African-American in the 1940s, James Lowry was aware of the racial inequalities in his hometown of Chicago. But his eighth-grade teacher, Madeline Straton, taught him that it was possible for black Americans to overcome the cultural odds that often placed special hurdles in their way. "She made her students do history papers on outstanding black leaders," said Lowry, a longtime member of the Kellogg School's Dean's Advisory Board. Entrepreneurs should master a unique skill or product, develops a three-to-five year plan, identify growth opportunities, think globally, and don't be afraid to have strategic partnerships.
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