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SHANGHAISÃO PAULOLONDONDUBAIBOSTON NEW YORK SAN FRANCISCO
Unleash the power of FIVE international MBA student teams to help you tackle your most difficult challenge — GROWTH!
WHAT IS THE INNOVATION OLYMPICS PROGRAM?
The first truly global innovation competition:
• 5+ Global Locations • Multiple Companies per Location• 5 Uniquely Diverse Teams per Company• 5 International Students per Team
Five teams compete with each other to be the winner of the best business plan for your company. A campus winner will be selected among the client winners for each location. A global winner will be selected among the campus winners.
WHY SHOULD YOUR ORGANIZATION PARTICIPATE?
HIGH IMPACT. Get a diverse portfolio of bankable new growth options for your company around both existing and new offerings, channels, markets and business models!
LOW BURDEN for your organization.
A PROVEN APPROACH for developing growth platforms and breakthrough business concepts that has evolved from our work as innovation practice leaders at Arthur D. Little, the Monitor Group and the IXL Center.
HULT International Business School
HULT ACTION PROJECT
DIVERSE STUDENT TEAMS BRING A RANGE OF INDUSTRY,
COUNTRY AND FUNCTIONAL BACKGROUNDS TO YOUR
MOST CHALLENGING PROBLEMS.
“The program is a good opportunity for the companies to get a fresh perspective on the problems at hand. Overall, I was impressed with the ideas generated by the students. The presentations and content improved from the beginning to the end. It was impressive how well these students grasped a new industry and our company challenge. Fresh Ideas — Challenging Ideas.”
DIRECTOR OF STRATEGY, JOHNSON CONTROLS
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INNOVATION OLYMPICS
Experienced mentors* provide expert guidance and program management. They:
• Enable clients to focus on evaluating ideas and business concepts instead of program management
• Manage and guide the student teams and act as the primary interface between teams and clients
* Previous mentors include consultants, partners and senior executives.
Diverse global teams of mid-career MBA students spend 6 weeks working on your firm’s challenge. Each company receives five teams of five students. Teams are made up of students:
• From 50 countries
• With 5–7 years of work experience
• From different job functions
• From multiple industries
Senior executives from world-class organizations drive high performance results through four focused meetings with student teams and mentor during the six-week program. They must:
• Define an exciting and difficult challenge they are currently facing
• Demand world-class results from students and provide constructive feedback
• Suspend disbelief in the early stages
BEST COMPANIES, HARDEST
CHALLENGES
EXPERIENCED BUSINESS INNOVATION MENTORS
DIVERSE, GLOBAL MBA TEAMS
COLLABORATING & COMPETING TO WIN
“The teams seem to grasp the fine details of creating a medical data pricing model as well as the necessary ‘win-win’ environment that could sustain such an operation. Again, a great job.”
CHIEF MEDICAL OFFICER, PHILIPS HEALTHCARE
PROGRAM DETAILSFIVE KEY ELEMENTS
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Collaboration and competition moves teams from common understanding to unique solutions for your organization. Teams:
• Collaborate initially to rapidly crowdsource insights and idea fragments
• Compete with increasing intensity to generate the best recommendations
Battle-tested process generates a wealth of insights and business concepts in six weeks.
HULT MBA STUDENTS PRESENT THEIR BUSINESS PLANS TO SENIOR EXECUTIVES DURING THE FINAL WEEK OF THE PROGRAM.
IDENTIFY FIELDS-OF-PLAY
OUTPUT 25 Fields of Play: New Opportunity Spaces for Your Business
DEVELOP OPPORTUNITY INSIGHTS
OUTPUT 500 + Insights/Idea Fragments Across Markets, Offerings, Technologies, etc.
CREATE BUSINESS CONCEPTS
OUTPUT 25 New Business Concepts Focused Within Five Prioritized Fields of Play
BUILD MINI BUSINESS PLAN
OUTPUT 5 Business Plans for Your Organization to Pursue on Monday Morning
FOCUS INNOVATION EFFORTS
OUTPUTStrategic Innovation Portfolio Defines the Campaign & Establishes Boundaries
1 WEEK 1 WEEK 1 WEEK 1 WEEK 2 WEEKS
“The process and insights gathered along the way were excellent. There were a lot of creativity and, in some cases, huge improvements (demonstration of listening to our requests) along the way. They were also very professional at all times — which is very important to us.”
DIRECTOR OF INNOVATION, IRON MOUNTAIN
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Client MeetingYou must commit to FOUR IN-PERSON MEETINGS and CLOSING CEREMONY. The kickoff, meetings and closing ceremony will be held at the Hult campus. Each meeting lasts approximately four hours and includes the student teams and the mentor. Raise the bar by having at least one presentation in a board-room and to an executive steering committee
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BATTLE-TESTED 6-WEEKPROCESS
IXL Center develops, designs and executes the Innovation Olympics on behalf of Hult. IXL Center also provides education, training, coaching and advisory services to build the innovation capabilities of individuals, teams and organizations. IXL Center helps clients achieve bigger, bolder, better results more quickly and cost effectively through blended learning and action learning programs, its Innovation Management Certification (ICM) program and collaborative consulting projects. For more information, please visit www.ixl-center.com
Hult, formerly the Arthur D. Little School of Management, is an NEASC and AMBA accredited business school. Established in 1964, Hult offers a unique one year MBA program to a diverse student body from over 50 countries. Its flagship MBA program received top rankings from both the Financial Times and the Economist Intelligence Unit. The school has seven campus locations: Boston, Dubai, London, New York, San Francisco, São Paulo and Shanghai. For more information, please visit www.hult.edu.
Corporate Participants are selected between July - February. To learn more or express an interest in participating, please contact: +1.617.945.2783 • [email protected]
DESIGN BY OPUS DESIGN LLC • WWW.OPUSDESIGN.US
EXAMPLES OF PREVIOUS INNOVATION OLYMPIC CHALLENGES
1. Helping VP OF NEW BUSINESS OF VERIZON to identify multi-billion dollar growth opportunities at the intersection of telecommunications and other industries.
2. Working with the PRESIDENT OF SHERWIN-WILLIAM’s $2 billion Global Finishes Group to develop new coating concepts that could be possible and profitable for emerging markets over the next five years.
3. Helping the DEPUTY COO OF EMIRATES NBD, a Middle-Eastern banking giant, develop futuristic and innovative solutions beyond credit cards.
4. Working with the DIRECTOR OF INNOVATION & NEW BUSINESS DEVELOPMENT OF NATURA, a Brazilian cosmetics leader, on the future of online cosmetics.
5. Helping VP OF MARINE FACILITIES AND OPERATIONS OF WOODS HOLE OCEANOGRAPHIC INSTITUTION to develop a growth plan and options to diversify their portfolio and offerings with focus on offshore oil and gas industry.
6. Working with a member of the BOARD OF DIRECTORS OF ONE LAPTOP PER CHILD to identify new scale-up implementation business models to make OLPC a sustainable organization in the face of intense competition.
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HITENDRA PATEL GLOBAL DIRECTOR, HULT ACTION PROJECTS
GLOBAL
CAMPUS DIRECTORS
LONDON
PAM MCNAMARAFORMER PRESIDENT, ARTHUR D. LITTLE & CAMBRIDGE CONSULTANTS
BOSTON
RONALD JONASHFORMER HEAD OF NNOVATION, ARTHUR D. LITTLE & MONITOR GROUP
SHANGHAI
MICHAEL VILMAINARCHITECT
DUBAI
KARLA GOMESFORMER CONSULTANT, ARTHUR D. LITTLE
SAN FRANCISCO
SAM FREEMANFORMER BUSINESS DEVELOPMENT MANAGER, HYUNDAI CORPORATION
NEW YORK
ROBERTO ROITZFORMER CONSULTANT, ARTHUR D. LITTLE