IIM-K student bagged prestigious Harvard business prize

Indian Institute of Management Kozhikode (IIM-K)’s students of PGP 2013 batch has grabbed the reputed Harvard Business Review/McKinsey M-Prize for management innovation.

Telling more about the achievement of Joel Modestus as “significant”, Debashis Chatterjee, Director of IIM Kozhikode said, “We always encourage our students to explore beyond the defined academia and experiment the unconventional.” IIM-K press release said, “Organisations are looking for innovation beyond academic studies to add value to their existing practices. Such ever-evolving innovative tools for management are the need of the hour to cope with the demands of a constantly transforming global environment.”

The Harvard Business Review’s (HBR) is dedicated to enhance the practice of management and its effect on the changing world. To take this mission forward, HBR has established collaboration with the Management Innovation eXchange (MIX), a web-based open innovation project aimed at reinventing management for the 21st century which is dedicated to maintain organisations that are fit for the future-and which is aptly suitable for human beings. This initiative is supported by McKinsey & Company.

This competition was conducted by one of the most prestigious management institute in the world, Harvard Business School along with McKinsey and in partnership with Management Innovation Exchange, architects and challenges which is essential in the field of management.

Joel submitted a hack title “The 4 Hat Hack: How a micro-change in your employee portal can convert into a mega results in Leadership.” The result of the first round was announced on 31st July, 2013 and Joel was among the 18 finalists from around the world. In the second round, he carried forth the momentum and further modified his entry.

The results were announced on 28th September. Joel was one among the nine winners from around the world and among the only two from India. He also got a coveted invite to the MIX Mashup Event on Management Innovation which will be held in New York, next year.