Dr.Vickline Business Challenge  serves as a capstone project for the BBA degree. It is intended to give students experience of real business practice and p

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Dr.Vickline Business Challenge  serves as a capstone project for the BBA degree. It is intended to give students experience of real business practice and problems. As part of the challenge, students will develop ideas for overcoming corporate problems, develop and test their ideas, and build a plan that is executable. As with any real-world business challenge, the journey will require discipline and resilience. Students adaptive thinking, talent for influencing, and ability to gain results through collaboration will be put to the test. To be successful, students will need to demonstrate an ability to think and work independently, understand content and context to narrow the scope of the project, search for essential information and state relevant questions, work collaboratively as a team, influence a range of relevant stakeholders and, ultimately present some viable business solutions for the corporate challenge. Hult Business Challenge

BOS Autumn 2021

Workshop: Consulting Methodologies

Understanding a Business:

1. Learn how to ask questions.

2. Most executives, like most people, cannot describe themselves accurately. Therefore, you need to dig, listen, fill in blanks, and infer.

3. Descriptions of businesses are filled with jargon, faddish approaches, and useless terms. There are a few basics you should consider: Competitive Advantage, Customers & Consumers, Competitive Premise, Competitors, Fundamental Demand.

Get those right and the rest will follow.

Teamwork:

1. Not your first team at HULT. But probably first time where the project is not defined by the lecturer. Hence, chaos is more likely.

2. Keep the challenge in mind – constantly.

3. Resolve differences quickly and openly. A cohesive/united team is always more productive – so you must debate, then unite.

4. When to work together
vs.
When to work separately.

5. Multi-language teams: “did we agree to do that?”
Need to share discussions, consensus, agreements.

6. Everybody presents and speaks. Practice. Give feedback.

7. Team Captains are not the appointed leaders.

8. If you need your Mentor to arbitrate, use it as the last resort.

9. Checkins with Mentor via Doodle. Operational 25 September 0001

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