cmd.exe /k cd path
Here’s how to add a “command prompt here” shortcut

Basically you add the following to your registry:

To add the Command Prompt command to the shortcut menu:

1. Click Start, click Run, type regedit, and then click OK.
2. Locate the following registry key:
   HKEY_CLASES_ROOT\Directory\shell
3. Right-click the shell key, point to New, and then click Key.
4. Name the new key OpenNew.
5. Click the OpenNew key, and then double-click the Default value in the right pane.
6. Change the value to Command Prompt. Click OK.
7. Right-click the OpenNew key, point to New, and then click Key.
8. Name the new key Command.
9. Double-click the Default item in the right pane.
10. Change the value to cmd.exe /k cd %1.