Johns Hopkins Carey Business School was recognized October 28 for its reimagined full-time MBA experiential learning curriculum with a 2021 Innovator Award for General Excellence from MBA Roundtable. MBA Roundtable is a global association of business schools dedicated to the advancement of graduate management education through curricular and co-curricular innovation.
Carey Business School’s experiential learning curriculum provides MBA students with opportunities to put leadership and analytical skills to work in addressing real-world business challenges. Through a sequential and carefully designed portfolio of experiential courses and electives—including the Big Data Consulting Project, the Innovation Field Project, and the combined Design Lab and Commercializing Discovery courses—students learn to collaborate with corporate teams to address current business opportunities, and practice creative problem solving through design thinking and quantitative analysis, culminating in evidenced-based recommendations.
A key component in the sequence of experiential learning courses is the Innovation Field Project, in which student teams work directly with corporate partners to analyze critical business opportunities, provide consultation, and identify new business opportunities for their sponsors. MBA students strengthen key analytical and problem-solving skills learned during their first year of study while gaining valuable business experience teaming with 17 global corporations from an array of industries, including Siemens Energy, Anheuser-Busch, American Express, OhioHealth, and Phillips Healthcare.
“The Innovation Field Project is a great opportunity for hands-on training that allows students to develop a collaborative practice, critical thinking, creativity, and complex problem-solving skills,” said Daniel Sheats, director of curricular experiential learning at Carey Business School. “These skills will transfer directly to the workplace as students gain practical experience interviewing corporate stakeholders, conducting research, analyzing data, and presenting their recommendations to real-world challenges. Many of the partnering organizations are using the analysis and insights developed through the collaborations with our students,” added Sheats.
As an example of the close collaboration with corporate partners, Siemens Energy looked to Carey students to analyze and develop solutions related to industrial cybersecurity. The student consulting team developed recommendations for workforce development, marketing, and new market entry on a global scale.
“What makes the Innovation Field Project so unique from a project sponsor perspective is that we’re gaining access to international experience and the right skill set to not only look at the numbers but to understand the context of the market,” said John Ellis, director of Global Industrial Cybersecurity Alliances at Siemens Energy.