MBA Students Show Blue-Chip Companies how to Innovate and Grow
BOSTON, Apr. 14 /PRNewswire-AsiaNet/ --
- Hult International Business School's MBA Program Offers Students an Excellent Opportunity to Impact a
Business and Shine in Front of Potential Employers.
partnering with blue-chip companies to significantly enhance its MBA curriculum. The new initiative asks
student teams to compete to develop a major innovation for a real corporate client a part of their MBA
degree requirements.
Dr Hitendra Patel (http://hult.edu/mba-program/our-program/faculty#37), Professor of Innovation and
Growth and a former innovation thought leader at Monitor Consulting, says, "The market capitalization of
many large companies cannot be explained solely by their current earnings and reasonable organic
growth assumptions. This means that the market is pricing in an expectation that these companies will
innovate their way to higher profits. At Hult, our students help companies find their most promising growth
opportunities."
Each client corporation is assigned five teams of students. The teams compete to develop an innovation
that will drive the company's revenue to the next level. They present their proposals and the business case
to the leadership team of the client at the end of the project. Each team is assigned a mentor, often an
experienced strategy consultant. All students participate in the project before receiving a business degree.
Dr. Makarand Chipalkatti, Head of Corporate Innovation Management at Osram Sylvania, one of the
participating companies, says, "The winning proposal detailed a novel business concept in a non-traditional,
yet adjacent market. When you get smart, diverse, business-minded people unimpeded by conventional
thinking looking at your problem, you get very interesting and fresh outcomes."
Hult, which started life as the first corporate university in the United States, places a strong emphasis on
delivering a practical business education. The majority of its faculty has spent years in industry as well as
academia. This ensures that students are taught concrete skills that apply to real companies.
Dr Patel concludes, "This corporate academic partnership returns enormous value to companies because
they have a lot of clear-eyed talent focused exclusively on a key issue they face. It also represents a
fantastic opportunity for our business students to leverage the knowledge they have
Hult's MBA school is all about."
Source: Hult International Business School
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