HCL MBA M-Prize

HCL MBA M-Prize

HCL MBA M-Prize

The world’s first management innovation contest for MBA students

HCL MBA M-Prize

Prize Sponsors

Do you want to play a role in improving the technology of human accomplishment?

Would you like to see your ideas make a real difference in making organizations around the world more innovative and more effective?

Are you interested in putting $50,000 to work leading a real-world management experiment inside a progressive global company?

If so, the HCL MBA M-Prize is for you.

The values driving our most powerful institutions are fundamentally at odds with those of this age. Zero-sum thinking, power, conformance, control, hierarchy, and obedience don’t stand a chance against community, freedom, flexibility, transparency, meritocracy, and self-determination. And yet, competitive pressures, executive compensation systems geared to the short term, and entrenched authoritarian management practices all conspire to reinforce the disconnect between individual and institutional ambitions. The result: a widespread culture of fear, mistrust, and disengagement—and organizations that are uniformly less inventive and inspiring than the people within them. We all deserve better. What’s more, our future depends on it.

The MIX invites MBA students from around the world to invent a HACK aimed at redistributing power, unleashing human capability, and fostering renewal in our organizations. We’re looking for the most original thinking, the most powerfully-developed vision, and the most cleverly-designed experiments for making progress when it comes to transforming our management systems, organizational structures, and behavioral norms so that everybody can contribute their best gifts, make the most impact, and reap the best rewards.

Submission Deadline

March 20, 2011

How to Play

• Submit a HACK related to the broad challenges of distributing power, unleashing human capability, and fostering renewal. For more information on these challenges, visit the Moonshots page and review the moonshots listed in the relevant categories (Unleash Capability, Distribute Power, Foster Renewal)

• Participation is open to any Business School student enrolled in Masters or Doctoral programs. Participants can enter individually or in teams.

• To participate, register on the MIX and simply follow the guidelines for submitting a Hack (be sure to indicate you are participating in the MBA M-Prize contest) -MIXers may submit multiple contributions, and may revise and re-post their submissions up until the deadline.

• Submissions may draw on secondary source materials but should be based primarily on first-hand experience or an original idea. In every case, be sure to credit all those who contributed to your hack and provide citations to external reference material.

• The MBA M-Prize will unfold in two stages: a preliminary stage (Deadline: March 20, 2011) and a final round for 10-15 finalist teams (Deadline: April 20, 2011)

• All entries will be judged by a panel of MIX Mavericks (an elite group of leading management thinkers and progressive CEOs). The judges will assess entries based on: clarity of thought and originality, potential for impact, feasibility of implementation, and popularity. Judges will provide targeted feedback to finalists as they refine their entries for the final round.

Winners will be announced on the MIX site on May 1, 2011.

Prizes

Grand Prize: The chance to implement your idea in a progressive global company. HCL Technologies, a global IT Services company and MIX partner, has set aside $50,000 to fund a management experiment based on the winning hack.

Cash prizes: to top 3 hacks (winner: $5000; 2 runners-up: $2,500) as well as to each finalist ($500 each).

Global recognition: All winners will be featured on the MIX and MIX partner websites (including, the McKinsey Quarterly, Gary Hamel’s Wall Street Journal blog)

Featured placement on the MIX (and a substantial boost to your reputational capital and ranking on the MIX)

To enter you must be a registered member of the MIX, press the button below to join now.

Join the Mix

Registered members can submit an entry Story or Hack by pressing one of the buttons below.

Input

    Entries

    Rite-Solutions created a state-of-the-art “innovation engine” designed to provoke and align individual brilliance toward collective genius. The goal was to connect on an emotional level where all... Read more
    By Jim Lavoie of Rite-Solutions on September 14, 2011 14 Comments
    While large segments of the American population have grown up in a connected world and are more comfortable with web and social networking technologies in their private lives, the companies they work... Read more
    By Srini Koushik of HP on May 31, 2011 8 Comments
    Morning Star creates a software system that serves as a commercial social network, where colleague commit to their Colleague Letter of Understanding (CLOU) to accomplish specific activities. These... Read more
    By Paul Green, Jr. of The Morning Star Company on November 5, 2011 16 Comments
    Management innovation is available  from the world of organizational development, as it's principles and dynamics are closely aligned to Hamel’s suggestion that “activities will still need to be... Read more
    By Jon Husband on August 1, 2011 2 Comments
    This story shows how one company made a complete 180 degree turn in management development by letting managers into the wild and letting them do what's natural while developing them through peer-to-... Read more
    By Matt Shlosberg of Hanna Concern on May 26, 2011 4 Comments
    Imagine a room filled with 100 people like you. Everyone knows a little something about a little something. Now let’s say 25 of those people are given a question to answer. If they know the answer,... Read more
    By Sam Folk-Williams of Red Hat on April 25, 2012 9 Comments
    In 2010, the Wikimedia Foundation, a small non-profit supporting Wikipedia and related projects, turned the conventional approach to setting strategy on its head. Against a backdrop of slowing... Read more
    By Chris Grams of New Kind on September 6, 2011 7 Comments
    Sometimes meetings are absolutely crucial; frequently, they are not. Why? Organizational norms and behaviours can get in the way sometimes if they aren't refreshed. So, I propose a refresher. An... Read more
    By Sean Schofield of CBC on September 2, 2011 6 Comments
    Purpose Innovation driven “purpose bundles”, are products and services from variety of related and unrelated industry providers that are bundled together by a powerful "purpose causal... Read more
    By Charles Prabakar of ABS/Willis Consulting LLC on July 27, 2011 5 Comments
    Communities exist because the individuals that participate get more out then they put in, scaling from very little value to significant value. In addition the value into and out of communities can be... Read more
    By Rachel Happe of The Community Roundtable on June 6, 2011 8 Comments