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JUGAAD 2013 Starts January 7th!

The winner will receive a cash prize and Entrepreneurship softwares – total $30,000 values.

12/12/12

 2013 JUGAAD Competition

January 7th to April 15th

Jugaad  - a colloquial Hindi word - means a creative idea that quickly leads to significant and measurable benefits. In the Jugaad competition that the Williams College of Business will hold, the following procedure will be followed.

Xavier/WCB  Jugaad  Competition:

$20 (Twenty Dollars) is given to each team. The time to work out a Jugaad (a creative idea that quickly leads to significant and measurable benefits) is fourteen weeks. That is, each team should use the $20 investment and grow that investment to achieve significant and measurable benefits.  The following two criteria are used to assess the significant and measurable benefits from each Jugaad team’s submission.

1.      Impact of the Jugaad  idea on the reputation of Xavier, WCB and its communities

2.      Monetary value of the investment at the end of the four weeks allocated time.

A committee will judge the final results of all teams, based on the above criteria, and the winner will be awarded a cash prize and Entrepreneurship softwares – total $30,000 values.

Jugaad  Results:

It has been shown that the very act of participating in the Jugaad process has resulted in the development of skills in fast-tracked creativity for the participating teams. Innovative companies such as Apple and Google, which emphasize experimentation as an essential part of enhancing development speed for new products, have embraced Jugaad in their arsenal for innovation.

Award Luncheon:

April 26th, 2013 at Cintas Center

 

Please contact Dr. Daewoo Park (Chair, Mgmt & Entr Dept):  745-2028  or parkd@xavier.edu