INNOVATE competition

Tuesday, Dec 6, 2022
9:00 AM - 2:45 PM
Vogel Room
Lindsey De Zeeuw, Faculty Assistant for the Business Dept

This event, originally scheduled for Nov. 29, was postponed to Dec. 6 due to inclement weather.

8:45-9:00 – Group Check-In

DeWitt Learning Commons

9:00-9:15 – Welcome and Event Overview                            

DeWitt Learning Commons – Vogel Room

9:15-10:00 – Group Work Time

10:00-10:20 – Break/Presentation Tips

10:20-11:00 – Group Work Time

11:00-11:40 – Lunch                                                                                                 

DeWitt Dining Hall

11:45-1:00– Work Time                                                                                                                

DWLC Vogel Room

1:00-2:15 – Presentations

2:15-2:30 – Break/Awards Deliberation

2:30-2:45 – Awards Ceremony

Five Steps to an Innovative Solution:

  1. Figure out the problem you are trying to solve
    • “What does XYZ company do different than us?” or “What is missing from our product or service that would make it better for clients?”
  2. Analyze the problem
    • How often does the problem occur? How severe is it? Potential causes? How long has it been occurring? What might happen if the problem continues to occur?
  3. Criteria
    • What is helpful to know about Demco and how they make decisions?  What criteria/standards is Demco expecting? 
  4. Brainstorm
    • Don’t stop at the first solution you come up with – evaluate any alternative scenario, assessing the pros and cons of each to ensure that the solution/idea you’re pursuing is the most competitive and thereby profitable one.
  5. Pick best solution
    • Choose the most customer-centric solution to move forward with, developing a base of support from within Demco and prepare for any internal or external contingencies.