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HCL M-Prize: MBA Challenge

HCL M-Prize: MBA Challenge
Start
Finish
1/3/2011
Challenge Begins
5/1/2011
Final Round Deadline

Winners announced!

We’re thrilled to introduce you to the winners of the HCL MBA M-Prize.



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.

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)
leslie-ann-bergstrom's picture
Get leaders truly working for their teams, rather than the other way around.
satyamoorthy-kabilan's picture
Our goal is to make senior managers more accessible as they move up the management chain, to break down the walls between management and employees and get information and most importantly, ideas, flow
david-roth's picture
Tech companies have unleashed the creativity latent within their organizations through “hackathons” - intense ideation events where teams of professionals move quickly from idea to prototype.
By David Roth on March 20, 2011
mathew-j-varghese's picture
Setting up an organisational system that enables a market-like scenario for supporting and funding innovative ideas.
lbs-group-10's picture
Senior managers are often reluctant to break rank and suggest bold new ways of working or indeed to back their colleagues in taking such decisions, preferring to stick to the safe, tried and tested mi
By LBS Group 10 on January 10, 2011
rik-berb's picture
What happens when a team or entire organization discovers what drives the them? To actually understand the whole potential of all people around and to focus on these strengths.
By Rik Berbé on March 6, 2011
zaneta-schumann's picture
Power distribution is a leadership paradigm that unlocks the often hidden power of a company’s greatest asset – its employees.  It facilitates collective design of company strategy, assi
By Zaneta Schumann on February 1, 2011
laura-cerruti's picture
So, you've decided that experimentation is the path to innovation.
By Laura Cerruti on September 18, 2010
shelley-mcivor's picture
What if every company could dream and deliver like Disney? Walt Disney had a very simple strategy for realising his dreams.
By Shelley McIvor on October 21, 2010
fan-zhang's picture
Organisational flexibility is a much discussed topic.The purposes of this “hack” are:Providing a model which is designed to enhance organisational flexibility;Ensuring involvement of employees;Making
By Fan Zhang on March 1, 2011
michelle-delebet's picture
It’s time for a new model of management; one that facilitates real-time updates of ideas, conversation, support or lack of support, is short, sharp and to the point, provides transparency and provides
By Michelle Delebet on March 20, 2011
luis-cordova's picture
Are all the people working/helping in the same direction and having in mind the same priorities of the environmental issues?
By Luis Cordova on December 6, 2010
angela-weston's picture
Imagination is one of the key drivers to evolution, yet is underrepresented in today’s business models.  I suggest that there are four areas that will benefit from the potential of imagination: a
By Angela Weston on December 29, 2010

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