Creating history by adding a valuable feather into IIM Kozhikode’s cap, Joel Modestus, a first year student of PGP 2013-15 batch bagged the prestigious, Harvard Business Review/McKinsey M-Prize for Management innovation.
In a mission to improve the practice of management and its impact on the changing world forward, The Harvard Business Review (HBR) has collaborated with the Management Innovation eXchange (MIX), a web-based open innovation project aimed at reinventing management for the 21st century which strives to create organizations that are fundamentally fit for the future — and genuinely fit for human beings. This initiative is supported by McKinsey & Company.
Congratulating Joel for the remarkable achievement Professor Debashis Chatterjee, Director of IIM Kozhikode said, “This is a significant achievement by our student who is a testimony of global thought leaders that we aspire to give the world and IIM Kozhikode is proud of this milestone achieved. We always encourage our students to explore beyond the defined academia and experiment the unconventional. Organizations 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 format of the competition requires participants to submit either a ‘story’ or a ‘hack’. Typically, a story is the one that crops from a real life experience of implementing a solution related to the challenge in your company, whereas a hack is an entirely original and new idea which hasn’t been subjected to any testing.
Joel submitted a hack titled “The 4 Hat Hack: How a micro-change in your employee portal can yield mega results in Leadership.” Joel was one of the 9 winners from around the world and among the only 2 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.
Started in 1997 with its Postgraduate Programme (PGP), the Indian Institute of Management Kozhikode (IIM Kozhikode) is on a high growth trajectory today, offering widest range of academic programmes in the field of management education. PGP student's intake in IIM Kozhikode for 2009 was 309 students i.e. 5 times in 7 years thus making it the fastest growing management school in the country to reach that landmark. This was done keeping the quality of the programme high, as the Institute continued to maintain its sound placement record, ranking among the top 5 institutes in the country.
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