February 27th to March 26th
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:
$10 (Ten 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 four weeks. That is, each team should
use the $10 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.
- Impact of the Jugaad idea on the reputation of Xavier, WCB and its communities
- 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.
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
Past Winning Teams
- Anthony Breen and Lyden Foust (2012)
April 26th, 2012 at Cintas Center
Please contact Dr. Daewoo Park (Chair, Mgmt & Entr Dept): 745-2028 or firstname.lastname@example.org