Faculty Directory

Contact Information

Office:
50 Prescott, 1319
Phone: +1-508-831-4998
Fax: +1-508-831-5720
fhoy@wpi.edu

Frank Hoy

For many reasons, I am surprised to find myself at WPI. Previously, I lived in my hometown and was employed at my alma mater, never intending to leave. But WPI presented an opportunity that was too exciting to miss. This is an institution that stresses innovation and entrepreneurship, and those have been the focus of my career. The environment here is vigorous and challenging. Students expect to work hard and to be exposed to new ideas. The emphasis on project-based learning is a marvelous fit with the entrepreneurial mindset.

It was also a pleasure to find an academic institution that avoided the classic problem that we call silos. In many schools, people in different disciplines fail to interact, collaborate, and value one another’s contributions. WPI has fostered a cooperative environment. I was immediately welcomed by faculty in a variety of departments across campus. Many were anxious to learn how their students might benefit from exposure to the concepts associated with creating their own ventures or being the entrepreneur within a larger organizational setting. This is a school that encourages experimentation in education, allowing faculty to test new ideas and practices.

Finally, WPI provides students a tremendous introduction to the global society in which they will live, work, and, hopefully, prosper. Students from an extraordinary range of countries come into contact with each other on this campus. Thanks to the project-based approach, they gain hands-on experience in cross-cultural cooperation. Many spend extensive periods thanks to interdisciplinary qualifying projects or other forms of exchange.

Additionally, there is diversity among the faculty. Thanks to my specialization in entrepreneurship, universities and government agencies in other countries seek my advice in education and economic development because the United States is seen as the leader in nurturing entrepreneurial behavior.

Thus, I frequently travel to other countries. This exposure translates back to the classroom as I am able to share my observations and experiences. Similar opportunities are available to other WPI faculty members. This prevents us from limiting the students’ education to the domestic environment. They must be prepared to succeed in the global economy.

Research Interests

  • Entrepreneurship
  • Family Business
  • Franchising

Education

  • BBA University of Texas at El Paso, 1967
  • MBA University of North Texas, 1970
  • PhD Texas A&M University, 1979

Featured Publications

  • Hoy, F., and Sharma, P. 2010. Entrepreneurial Family Firms. Upper Saddle River, NJ: Pearson Prentice Hall.
  • Hoy, F., and Stanworth, J. (Eds.).  2003.  Franchising: An International Perspective.  London: Routledge _
  • Hoy, F. 2008. Introduction: From entrepreneurial mindsets to entrepreneurial growth in Europe. European Journal of International Management, 2 (4): 377-381.
  • Heck, R.K.Z., Hoy, F., Poutziouris, P.Z., and Steier, L.P. 2008. Emerging paths of family entrepreneurship research. Journal of Small Business Management, 46 (3): 317-350.
  • Hoy, F. 2009. Assessing opportunities for growth in small and medium enterprises, in QFINANCE: The Ultimate Resource. London: Bloomsbury

Professional Highlights

  • Barbara Hollander Award, Family Firm Institute, 2009.
  • Elected a Fellow, International Family Enterprise Research Academy, 2008.
  • El Paso Business Hall of Fame, El Paso, TX, 2007.
  • SBI 2007 Most Influential Publication Award, USASBE/SBI Meeting, Orlando, FL, January, 2007.
  • Regional Research Advocate of the Year, U.S. Small Business Administration, 2003.
 
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