26
Mar

Max Oliva, Associate Director, Social Impact Management
IE Team 2.jpg
Philipp, Tobias, Guillermo and Blagoja have come up with the grand prize of the Sustainable Innovation Challenge competition at Thunderbird, which challenges the teams to come up with the most innovative solution to a real-world business issue that reflects corporate social responsibility.
“The Thunderbird Sustainable Innovation Summit is a clear recognition that we can no longer separate a business’ financial success from its responsibility to society and the planet,” says Gregory Unruh, director of Thunderbird’s Lincoln Center for Ethics in International Management. “Future business leaders will have to find innovative solutions that create simultaneous value for both the company and the world at large. And there is no better group to challenge than those MBAs from around the world that will have to create and implement ideas for a sustainable and prosperous future.”
sustain_innovation.gif
German students Philipp Pausder and Tobias Schirmer, Macedonian Blagoja Hamamdziev and Mexican Guillermo Ortega presented their work called “Disruptive Thoughts” to a jury integrated by experts in innovation and CSR, including entrepreneurs, business men, consultants and academics. Among other 85 business schools and 10 finalists, they have won a cash prize of $20,000 as well as the title “2007 Global Champions of Sustainable Innovation”. IE Students won at the same competition last year, which was named Global Citizenship Challenge back then, an outstanding 3rd Place.
“Too often, the tools of innovation are deployed in the pursuit of riches and the cost of failure is seen as simply foregone fortune,” said keynote speaker Michael Raynor of Deloitte Consulting LLP and the bestselling author of “The Innovator’s Solution” and “The Strategy Paradox.” “By injecting the concept of sustainability, this event recognizes that failure has a real cost, and innovators that ‘swing for the fence’ and dismissively accept the cost of ‘striking out’ are taking an irresponsible approach to risk.”
Congratulations to you all!
Take a look at all the Business Schools which took part on the challenge.

Comments

daily news May 29, 2009 - 12:15 pm

Great usefull article & share, thanks for informing us with thisl ovely post.

Leave a Comment

*

We use both our own and third-party cookies to enhance our services and to offer you the content that most suits your preferences by analysing your browsing habits. Your continued use of the site means that you accept these cookies. You may change your settings and obtain more information here. Accept