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Strategic Ideas to Improve Management Education

The Ideas to Innovation Challenge started with a simple question: What one idea would improve graduate management education?

Of the 20 winning ideas from 650 entries, at least four offer innovative strategies to improve very different aspects of business school, from increasing access to what and how they teach. In Phase 2, GMAC’s Management Education for Tomorrow Fund invites schools and other non-profit education providers to submit proposals to implement any of the top 20 ideas. The US$10 million MET Fund will finance the best proposals to make the innovations a reality.

“In Phase 1 of the i2i challenge, we sought original ideas that could be implemented in a one- to three-year time frame and replicated at other schools. As different as these strategic ideas are, what they have in common is that they offer concrete plans to meet clearly defined needs,” said Allen Brandt, director of GMAC’s Management Education for Tomorrow Fund, which launched the two-part challenge.  “All four of these ideas could be implemented by a single school but would also become even more effective if adapted on a larger scale.”

Strategic ideas eligible for Phase 2 funding:

  • Using stackable educational units and certificates to create customized and unique graduate management education, by Alice Stewart, professor at North Carolina  A&T State University.
  • Creating a “Leading in a Civilian Context” MBA course for military veterans, to encourage them to pursue and MBA and to ease their transition, while also speeding their time to degree completion, by M. Kendall Fitch, joint MBA and Master in Public Policy student, Harvard.
  • Incorporating group simulations and other novel-yet-proven selection methods used by human resource managers, in the business school admission process to increase diversity in the classroom and the business world, by Orsolya O.Szabo, MBA student, HEC Paris.
  • Creating an MBA program in which students are paired with a small or medium-sized enterprise and would get a customized curriculum to would help them solve the company’s specific problem, by Yousef Al-Tamimi, market analyst for ABB and German Jordanian University MBA.

Proposals to fund these or the other 15 winning ideas will be accepted through December 16. To find out more, go to gmacmetfund.org or the GMAC MET Fund blog. Follow the Fund on Twitter at @GMACMETFund.

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