GMAC Offers US$250,000 in Prizes to Drive Innovation in Management Education

- deas to Innovation Challenge Kicks Off July 21

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2010-07-15 10:02

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맥클린 버지니아주--(뉴스와이어)--“ One idea. Three paragraphs. Fifty-thousand dollars.” That's the simple premise behind a global contest to find ways to change management education for the better launched today by the Graduate Management Admission Council (GMAC), the nonprofit association of business schools that owns the GMAT exam.

GMAC is inviting anyone to submit three paragraphs that answer this question: What one idea would improve graduate management education? The GMAC Management Education for Tomorrow (MET) Fund will award a total of US$250,000 in prizes to 15 people whose ideas rise to the top, with the most promising proposal taking home US$50,000.

GMAC will accept entries to the MET Fund's Ideas to Innovation (I2I) Challenge at www.gmacmetfund.org beginning Wednesday, July 21. The contest closes Friday, October 8, and winners will be announced in mid-December. Entries will be judged by a panel of educators and business leaders from around the world.

During phase two of the I2I Challenge, to begin in 2011, GMAC will post the winning ideas online and ask schools and other nonprofit organizations to develop ways to implement them. The Council will underwrite one or more of the best proposals using funds dedicated to the MET Fund, a $10 million initiative to invest in the development of management education worldwide.

“The Ideas to Innovation Challenge is particularly timely because today's students see business school as the place where they can learn the skills to make the world a better place and empower others,” said Allen Brandt, director of the MET Fund. “In that spirit of social entrepreneurship, the Challenge is open to anyone -- students, faculty, entrepreneurs -- with a great idea to improve graduate management education.”

GMAC is uniquely positioned to sponsor the I2I Challenge. As owner of the Graduate Management Admission Test (GMAT), the Council has spent nearly 60 years helping business schools around the world identify the strongest applicants to their MBA and other graduate management education programs. GMAC works closely with business school faculty and staff to promote the benefits of management education and supports industry-leading research aimed at helping schools identify ways to tailor their programs to the needs of students and employers.

“With the GMAT exam, GMAC helps identify talent for graduate management education, wherever in the world it may be,” said GMAC President and CEO Dave Wilson. “The I2I Challenge recognizes that, like talent, true innovation may be found anywhere.”

For the Challenge, GMAC defines innovation as the implementation of an idea that improves management education in a meaningful way -- for students, for schools, for societies.

The I2I Challenge is designed to make it as easy as possible for people to bring their ideas to the attention of GMAC. The Council is looking for ideas that are achievable, easily understood and able to demonstrate measureable results within a one- to three-year timeframe. GMAC is particularly interested in proposals that show potential to broadly impact management education in either a specific part of the world or globally. Complete details about the GMAC MET Fund Ideas to Innovation Challenge are at www.gmacmetfund.org. You may also follow the MET Fund on Twitter at www.twitter.com/GMACMETFund.

To view this press release and an accompanying video on the GMAC News Center, go to gmac.mediaroom.com/index.php?s=43&item=114. The video is also available at http://www.youtube.com/watch?v=sQoLt8L8BTc.

About GMAC
The Graduate Management Admission Council (www.gmac.com) is a nonprofit education organization of leading graduate business schools worldwide dedicated to creating access to and disseminating information about graduate management education. GMAC is based in Reston, Virginia, and has a European office in London. The GMAT® exam was created in 1954 and is used by nearly 5,000 graduate management programs at approximately 1,900 business schools around the world to assess applicants. The GMAT -- the only standardized test designed expressly for graduate business and management programs worldwide -- is continuously available at more than 530 test centers in over 111 countries. More information about the GMAT exam is available at www.mba.com.

경영대학원입학위원회 개요
경영대학원입학위원회(GMAC)는 전 세계의 선도적인 경영대학원들로 구성된 미션 중심으로 운영되는 협회다. GMAC은 경영대학원 교육 산업에 필요한 세계적 수준의 연구, 업계 콘퍼런스, 채용 툴과 평가 작업은 물론 지원자들의 고등 교육 여정을 이끌어가며 관련 리소스와 이벤트, 서비스를 제공하고 있다. GMAC이 소유·관리하는 경영대학원 입학시험(GMAT™)은 가장 광범위하게 이용되고 있는 경영대학원 평가이다. 매년 1200만명이 넘는 예비 학생들이 mba.com, GMAC Tours, BusinessBecause 등 GMAC의 다양한 플랫폼을 통해 MBA 및 경영학 석사 프로그램 관련 정보를 알아보고 있으며 전 세계 도처의 학교들과 연결돼 시험 준비와 등록, 경영 교육 및 커리어 측면의 목표를 성공리에 달성하는 방법과 관련해 조언을 얻고 있다. GMAC는 중국, 인도, 영국 및 미국에 지사를 둔 세계적 기관이다. 경영대학원입학위원회 업무와 관련한 자세한 설명은 홈페이지에서 확인할 수 있다.

웹사이트: https://www.gmac.com