MET wins top honours at Wharton!
MET eMBA student Ms. Darshana Dave won the 2nd runner up international trophy at the Wharton B school, University of Pennsylvania. She presented the tool - ‘Pocket Diary to increase efficiencies in Supply Chain Management’. The Innovation Tournament winners were selected by a panel of judges – Karl Ulrich and Christian Terwiesch, Professors - Wharton and Mr. Sanjay Gupta, VP – Wipro. Contestants and participants from world over made presentations at the event including scientists from NASA, as per the source from Wharton School of the University of Pennsylvania.
Wipro Technologies and Knowledge@Wharton had teamed up to conduct this global "Innovation Tournament" which solicited, judged and selected the most innovative managerial ‘tools’ that companies can use to improve their businesses by increasing revenues, reducing expenditures and improving customer experience. Based on the newly released book, Innovation Tournaments, by Wharton professors - Karl Ulrich and Christian Terwiesch, this tournament was designed to identify innovative managerial tools that organisations can use to increase efficiencies, cut costs and/or streamline operations. (For the purpose of this contest, a ‘tool’ is defined as a method, approach, template, process or software.) The tournament was open to all individuals and/or groups from around the world who wish to submit a tool for consideration.
The Innovation Tournament was structured as follows:
- Participants had to submit ‘tools’. These submissions were reviewed and judged by a panel of experts determined by the Wharton B school and including key members of the Wharton faculty, the Knowledge@Wharton team and the Wipro Council for Industry Research. From these submissions, 25 leading tools were chosen based on various judging criteria.
- A live, online webinar event was hosted by Wipro Technologies and Knowledge@Wharton, during which the 25 leading tools were presented with two minutes allotted to each. From these 25 presentations, the top 10 finalists were selected and those individuals/groups were in the final phase of the tournament.
Additionally, following the webinar, these top 10 finalists were assigned a mentor who provided two hours or more of advice and consultation (via e-mail, by telephone or in person) to help the finalists refine their idea for presentation at a live event at the Wharton B school on the University of Pennsylvania's campus.
In testimony, Wharton salutes the sharp minds from MET.