idea being implemented key gmac met fund ideas to ... · the virtual incubation program is a...

SOCIAL RESPONSIBILITY

BHARATIYA VIDYA BHAVAN’S S.P.JAIN INSTITUTE OF MANAGEMENT & RESEARCH (MUMBAI)Abhyudaya (“Prosperity and Development of All”)June 2012-May 2015

First-year MBA students at the S.P. Jain Institute of Management & Research (SPJIMR) will mentor underprivileged children in the Brihan-mumbai Municipal Corporation schools of Mumbai’s K-West Ward for one year. Abhyudaya aims to address urban poverty and foster social responsibility and character development among business school students. GMAC will fund the educational components of the program, mandatory for all MBA candidates.

IDEA BEING IMPLEMENTED (See back page for key):

Using “Big Ideas” to Solve Big Problems

NET IMPACT (SAN FRANCISCO)Projects for GoodMay 2012-August 2014

Net Impact, an international network of top graduate business schools, undergraduate campuses and professionals, will create a vir-tual marketplace that matches interested MBA students with non-profit organizations that need innovative ideas and business solutions. Through Projects for Good, students will use their business skills to advance solutions to social challenges. GMAC funding will enable Net Impact to scale an existing program from more than 25 to hundreds of business schools.


Practical Challenge for Social Good

Crowdsourced Open Consulting from the Classroom

UNIVERSITÀ CATTOLICA DEL SACRO CUORE – ALTIS (MILAN)Embedding Entrepreneurship in African Management Education (implementation in Nairobi, Kenya)July 2012-December 2014

The first executive MBA in Social Entrepreneurship in Africa will be offered through a partnership between the Università Cattolica del Sacro Cuore and Tanzaga College of the Catholic University of East Africa, in collaboration with business schools in Nairobi, Kenya; Loyola Insti-tute of Business Administration in Chennai, India; and Santa Clara University in Santa Clara, California. The program’s scope will enable students to form international business networks, giving them an opportunity to locate new sources of financing, customers and suppliers.


Every Student Creates a Business Plan

Practical Entrepreneurship Education for MBA Candidates

UNIVERSITY OF BOTSWANA, FACULTY OF BUSINESS (GABORONE)Development & Delivery of Business Education and Executive Development Programmes in the Graduate School of BusinessOctober 2012-March 2014

Through its Graduate School of Business, the University of Botswana will develop a curriculum for Graduate Management Education and Executive Development Programs to meet critical needs of both the country and the continent. Ultimately, the program will support the continuous and long-term training of the local workforce for national and regional capacity building. The program will also facilitate the development of local teaching materials, business cases and simulations for business and management university coursework throughout Africa.


Build 60 International Graduate Management Education Programs in Less Developed Regions in Five Years

GRANTEES

GMAC® MET FUND IDEAS TO INNOVATION (i2i) CHALLENGE

TWELVE MANAGEMENT EDUCATION INNOVATIONS

The Graduate Management Admission Council (www.gmac.com) is a nonprofit education organization of leading graduate management schools and owner of the Graduate Management Admission Test (GMAT® exam), used by more than 5,400 graduate business and management programs worldwide.

The Graduate Management Admission Council (GMAC) Management Education for Tomorrow (MET) Fund is a US$10 million initiative to advance busi-ness education around the world. The goal of the GMAC MET Fund is to support new ideas that improve the graduate education industry and deliver the most relevant content for the next generation of business and world leaders.

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IDEA BEING IMPLEMENTED KEY

CURRICULUMCommunication and Information Technology: What else is there?Lauren Hanat (US), Lehigh University

Externship, Preparing for the Telecom AgeAadel Al-Jadda (US), University of Rochester

Practical Challenge for Social GoodSisi Zhu (US), Massachusetts Institute of Technology

Professionalizing the MBA through Service to OthersErich Dierdorff (US), DePaul University

Using “Big Ideas” to Solve Big ProblemsJames Falbe, International Service Partners (US)

ENTREPRENEURIALBuild 60 International Graduate Management Education Programs in Less Developed Regions in Five YearsRichard Zhou (China), China-CEIBS

Every Student Creates a Business PlanDawn Iacobucci (US), Vanderbilt University

Practical Entrepreneurship Education for MBA CandidatesPatrick Cheung (Canada), MaRS

The Hub Network: How GMAC Can Get Ahead of the Business Incubator TrendChukwuma Nze (Nigeria), Loyola Marymount University

STRATEGYContextualizing Graduate Management Education: Creating New Degrees Using Stackable Knowledge UnitsAlice Stewart (US), North Carolina A&T State UniversityLeading in a Civilian ContextM. Kendall Fitch (US), Harvard UniversitySME Partnership MBA ProgramYousef Al-Tamimi (Jordan), German Jordanian University

TECHNOLOGYAlternate Reality Training for Management Education: A Third Way to Teach ManagementEthan Mollick (US), Wharton School of BusinessA Whole New World of Opportunity: Collaboration in the Virtual WorldAlex Howland/Ronald S. Rembisz (US), Alliant International UniversityCloud Business NetworkingPritesh Sikchi (India), Green QuotientCrowdsourced Open Consulting from the ClassroomWade Eyerly (US), Defense Intelligence AgencyManagement Research Platform (MRP)Sanjith Yeruva (India), University of Wisconsin-Madison

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The Ideas to Innovation Challenge—a major component of the GMAC MET Fund—is a two-part initiative to find the world’s best ideas for improv-ing graduate management education, and then fund the top proposals to turn those ideas into active innovation. The GMAC MET Fund awarded more than US$7.1 million in grants to the 12 schools and organizations listed below that developed plans that implement ideas from Phase 1 to improve management education. The winners include business schools and organizations in the U.S., Canada, Spain, Italy, India and Botswana.

The following ideas from Phase 1 of the i2i Challenge (with the name of the idea generator listed), formed the basis of the 12 grantee innovations awarded in Phase 2 of the i2i Challenge and featured here.

For More Information:

Email: [email protected]

Website: gmac.com/metfund

Twitter: @gmacmetfund

TECHNOLOGY

ESADE BUSINESS SCHOOL (BARCELONA)The Global Integrative ModuleAugust 2012-January 2015

Through the Global Integrative Module online platform, students at ESADE and three other international business schools in the EU, the US, and East Asia will work on teams to address social, political, human management, and economic dimensions of a global manage-ment challenge. Students will work in teams composed of students from different institutions and from different academic programs. This program will take place over two academic years and build on ESADE’s successful Integrative Module in its Bachelor of Business Administration curriculum.


Communication and Information Technology: What else is there?

Externship, Preparing for the Telecom Age


Using “Big Ideas” to Solve Big Problems

A Whole New World of Opportunity: Collaboration in the Virtual World

PEPPERDINE UNIVERSITY, GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT (MALIBU)Management Education Collaboration Network (MECNET)April 2012-December 2012

The online, cloud-based point of convergence will allow business faculty to share ideas and best practices to drive innovation regarding student learning. The Management Education Collaboration Network is built around the following three core tasks: a) Extensive literature review on collaborative learning networks; b) Detailed survey and analysis of stakeholder attitudes toward collaborative learning networks; and c) Preparation of MECNET requirements and specifications, including identifying implementation vendor candidates.


Cloud Business Networking

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA, SAN DIEGO, RADY SCHOOL OF MANAGEMENT (SAN DIEGO)A Whole New World of Opportunity: Collaboration in the Virtual WorldMay 2012-April 2014

This project will create a virtual campus to foster collaboration across graduate management programs internationally. Students will be able to navigate an online, interactive environment that will offer opportunities to receive coaching and attend seminars and other group learn-ing activities. The first phase of the project will include the development and launch of the virtual environment, and the second phase will be a “soft opening” of the environment, including participation from a select number of international universities, followed by a grand opening when the platform is opened and marketed to interested universities.


Alternate Reality Training for Management Education: A Third Way to TeachManagement


THE UNIVERSITY OF TEXAS AT TYLER (TYLER)Enhancing Relevance in the Graduate Business Curriculum through Factory VideosAugust 2012-February 2013

The University of Texas at Tyler will create a virtual manufacturing environment using video feeds from an existing factory in Merida, Yucatan, Mexico, to illustrate concepts discussed in graduate management coursework. The project aims to immerse students into the factory’s operations, to make the classroom concepts more relevant, and to personalize the experience by introducing factory sta� .


Alternate Reality Training for Management Education: A Third Way to Teach\Management


UNIVERSITY OF WATERLOO, CONRAD BUSINESS, ENTREPRENEURSHIP AND TECHNOLOGY CENTRE (WATERLOO)VIP: The Virtual Incubation Program at the University of WaterlooSeptember 2012-August 2017

The Virtual Incubation Program is a global, online network of students, community groups, local entrepreneurs and international uni-versity partners, designed to support the development and launch of new businesses. The program will be administered by the Conrad Business, Entrepreneurship and Technology Centre (Conrad) at the University of Waterloo.


Practical Entrepreneurship Education for MBA Candidates

The Hub Network: How GMAC Can Get Ahead of the Business Incubator Trend

VETERANS’ EDUCATION

SUNY EMPIRE STATE COLLEGE (SARATOGA SPRINGS)Credit Where Credit is Due: Veteran and Service Member Pathway to the MBAApril 2012-December 2014

SUNY Empire State College will develop a program that will award graduate-level credit toward an MBA for relevant military training. The pro-gram will assign American Council on Education credit values for military training specialties relevant to civilian business leadership, reducing the time and tuition costs of program completion for many veterans. The program will also replace a traditional introductory MBA course with one specifically designed to serve veterans transitioning to civilian life and business leadership. The program’s overall goal is to ease veterans’ transition into civilian business leadership.


Leading in a Civilian Context

SYRACUSE UNIVERSITY (SYRACUSE)Veteran Employment through Modifi ed Graduate Management Tracks (VET-MGMT)July 2012-June 2015

The Institute for Veterans and Military Families and the Whitman School of Management at Syracuse University will offer customized manage-ment certificate and degree programs for veterans. Based on input from employers and collaboration with educators across various sectors, the project will design MBA-credit bearing or certificate coursework tracks from colleges and disciplines to leverage veterans’ technical train-ing and leadership experience in development of business leadership skills. This partnership includes faculty, staff, coursework and opera-tions experience from several Syracuse programs.


Professionalizing the MBA through Service to Others

Contextualizing Graduate Management Education: Creating New Degrees Using Stackable Knowledge Units


SME Partnership MBA Program

Management Research Platform (MRP)

UNIVERSITY OF SOUTH FLORIDA ST. PETERSBURG (ST. PETERSBURG)Leading in a Civilian Context: A Socially Responsible MBA for Returning VeteransJune 2012-May 2014

The University of South Florida St. Petersburg will offer an expedited MBA program for veterans, emphasizing the importance of corpo-rate social responsibility. The university will also provide ongoing support seminars and a dedicated career counselor to help veterans navigate course selection and search for jobs. This program will demonstrate how veterans’ leadership experiences can be translated into strong business management skills.



Every Student Creates a Business Plan


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idea being implemented key gmac met fund ideas to ... · the virtual incubation program is a...

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