Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Thursday, December 3, 2015

4th Annual Biopharmaceutical Case Competition





On Friday, November 20, the 4th Annual Biopharmaceutical Case Competition took place at Rutgers Business School, Newark. The event was sponsored by the Rutgers Pharmaceutical Management Program and teams from nine different schools competed in the case competition. Students spent a week preparing a biosimilar defense plan for the drug Humira, and then presented their strategies to judges from gold level sponsoring companies Bayer, Sanofi, Novo Nordisk, Herspiegel Consulting and Campbell Alliance.  In addition to participating in the case competition, students were able to attend a panel discussion, moderated by Dean Sharon Lydon, about careers in the Pharmaceutical Industry. The event concluded with a cocktail session where students, guests and sponsors were able to network and celebrate the competition. 
2015 Case Competition Participants!
Panel Discussion
Panel Moderator Sharon Lydon
Judges from Herspiegel Consulting, Bayer and Campbell Alliance


The event was extra special for Rutgers Business School as the Rutgers Team composed of Priya Kar, James Ma, Irene Mac, Kinshuk Saxena and Aneesh Vase placed 2nd!!!! 

The team also learned a lot from the experience and team member Irene Mac states "Participating in the case competition was a great experience. It made me realize how much I have learned as a second year MBA student, especially from the pharmaceutical management curriculum. Because of how current and applicable the subject matter of the case was, I will be able to use the strategies we developed in my future endeavors working in the pharmaceutical industry.

Congrats to the Rutgers team and all the other participating teams:


The judges recognized the following:

1st Place - Johns Hopkins Carey School of Business

2nd Place - Rutgers Business School 

3rd Place - Yale School of Management
Honorable Mention - Georgetown McDonough School of Business

Best Presenter - Brent Schneider, Johns Hopkins Carey School of Business

A special thanks goes out to Professor Hassan, Program Manager Anabel Damacela, and Student Organizers Mike Koskulics and Jen Abalajon!!


Friday, June 19, 2015

Summer Internship Series: Francesca, Ike and Jen

This week we hear from Francesca Pat-Ekeji,  Ike Okose and Jen Abalajon, who are working in 3 of my favorite cities!!

Francesca is concentrating in Supply Chain Management and is based in Austin, TX this summer...

"This summer I’m interning at Dell in Austin, Texas. I’m working with the team that handles planning and strategy for global operations aptly titled ‘Global Ops. Planning & Strategy’. The first week was a boot camp of sorts followed by 2 weeks of shadowing different members of my team to learn the data, lingo and culture. I’m in the 3rd week now and have spent most of my week interviewing different stakeholders invested in my project to make sure that I’m approaching my task from many different angles and synthesizing all that information to discover where the areas of opportunity are. The learning curve is steep because we deal with dynamic data and a lot of variables, however I’m taking it one day at a time and asking a lot of questions. Outside of my team and project, the networking has been great and that’s one of the things I really like about Dell.  Anyone is willing to sit for 30 minutes and talk to an intern and if you’re from a foreign country, there’s bound to be someone –or in my case like 25- here from your home country.

I live a 10-minute walk away from my office in round rock and the weather has been pretty nice so I’ve been walking to and from work. It’s quite sub-urban, which can mean long trips to the downtown area in search of fun and frivolity on the weekends. In terms of major summer plans, besides seeing as many musicians as I possibly can, I’d really like to drive up to San Antonio and explore for a day. I’m keeping my plans flexible though because the best plans tend to come together when you’re not fixated on them." 

Ike is a Finance student working in NYC...


"This summer, I am working in midtown Manhattan at AdvancePublications.  You may not know the company, but I’m sure you know some of their products.  Some of their products include GQ, VanityFair, Vogue, and Allure magazines, and some of you may also be familiar with reddit.com.  I am working as an intern in the finance group, and I will have the opportunity to work on projects in areas like Treasury, Financial Planning & Analysis, and Tax. 

I started at Advance Publications on June 8th, so I’m relatively new here, but they have me working on a couple things while I get familiar with their reporting processes and systems.  One project I’m currently working on is analyzing our competitors, or benchmarking, to not only determine how well we are doing in our respective industries, but also to help determine targets to create a budget for 2016.  Another project they currently having me work on is trying to determine how much we should plan to spend on 401K expenses by month for next year based on 2014 and 2015 data.  These projects are very interesting and engaging, and I’m really starting to learn a lot here in such a short time. 

Though I’m just starting out here, I can tell I will learn a lot from this internship, and I’m excited to get to work on some of the tasks they will have me doing.  The short commute from my apartment in Hoboken is also very nice!"

Jen specializes in Marketing and is working in Princeton, NJ...

"This summer I’m doing the 10-week MBA marketing internship program at Bristol-Myers Squibb in Princeton, NJ.  Currently, BMS has a robust pipeline in the area of immuno-oncology, which uses drugs that work with your body’s own immune system to help fight cancer.  Not only is BMS a leader in this space, but these new advances in immunotherapy are truly revolutionizing the way cancer is treated, which is one reason why BMS is a very exciting place to be.  Another reason is a recent company-wide initiative to put the patient at the center of everything they do.  If you’ve ever taken Branning’s US Healthcare class, you would truly appreciate this.  Especially for patients fighting cancer, you can imagine how much of an impact a comprehensive patient support program could have, given the severity of condition, complexity of treatment and the emotionally tolling nature of the experience.  BMS wants to be there for the patient every step of the way and that’s why I’m spending my summer working with the digital marketing team to develop a patient CRM* platform for the immuno-oncology franchise.  

BMS functions as a matrix organization, so one of the biggest challenges of this project is gaining alignment on the concept of the program with seemingly disparate groups who have varying interests when you don’t have any formal power.  One employee likened it to herding cats.  Not to mention project managing several internal groups and external vendors to actually execute the program.  I’m seriously learning a ton and so far, I have fallen in love with marketing because there are just so many roles you can have, from digital to analytics to product management.  Marketing is certainly for big-picture people who can juggle many things (including personalities)!"

*CRM stands for customer relationship management and refers to practices, strategies and technologies that companies use to manage, record and analyze customer interactions and data throughout the marketing lifecycle in order to drive sales growth by deepening and enriching relationships with their customer bases. (Definition taken from TechTarget)

Thanks for reading and see you same time next week! 

Monday, March 2, 2015

Rutgers Business School Welcomes The Management Consulting Club

Executive Board Members of the Management Consulting Club

This semester two students from the Class of 2016 formed a new club at Rutgers Business School: The Management Consulting Club. The founding Co-Presidents, Rupa Banerjee and Pam Soffer, recently took the time to answer some questions about the new club.

What is the vision behind the Management Consulting Club? 
The Vision of MCC is to enhance the MBA experience of students by helping them understand, appreciate and solve real business problems. The MCC will bring several avenues to expose students to the world of consulting, thereby giving an opportunity to evaluate consulting against their sense of fit.

What motivated you guys to start the club? 
Firms all around the world are looking for problem solvers. We wanted to help students become better problem solvers by bringing to them several avenues to work on time bound business situations that have strong financial implications.  This would prepare students for case interviews and case competitions and would give them significant competitive advantage over other graduate students.

How has the process been starting a new club at Rutgers Business School? 
The process of starting MCC has been great. We've had a lot of support from faculty and are excited about upcoming events. 

What kind of events do you have planned for the semester? 
In February we held a Kickoff Meeting where we shared our ideas about the club with students and faculty. We also got feedback from many students and club members about what they want to get from MCC. On March 25th we are holding a joint event with the Pharmaceutical Management Club on case preparation. Gartner Consulting will visit RBS on April 9th to speak about consulting sectors and popular language. Finally, the Rutgers Deloitte Recruiter, Joe Slota, will hold a session on the “Dos and Don’ts of Case Interviews” sometime this spring.
We hope you all will be able to join us for the events this semester!

Rupa Banerjee has 6+ years of experience in business process outsourcing and capital market consulting. She was a tech recommended, campus recruit at Wipro technologies. She started her career as an IT consultant and made her way to business consulting working for two of the world’s largest securities banks, Bank Of New York Mellon and State Street Corporation, helping them create/re-orient business process models to structure problem solving for faster delivery.

Pam Soffer has 8+ years in project management, and most recently worked with two companies as an internal consultant to spearhead their PMOs to align projects with business goals, develop competitive price structures and create strategic with market needs and company resources. She currently is a consultant with the Project Management Institute to assist schools with offering PMP courses. 




Tuesday, December 3, 2013

STUDENT FEATURE: Jaina Wald, RBS '14

Jaina Wald

Marketing & Strategy

Co-President, RAMS
VP, Membership, Toastmasters
Tech Chair, SGA


Jaina is a second-year, full-time Marketing and Strategy student.  If you know her, you know that Jaina smiles in the face of wild, 900 pound felines. If you don't know her, you wonder why she smiles in the face of wild, 900 pound felines.  Nonetheless, here is an interview with a future brand manager at Campbell's Soup. 



What’s your deal? Where were you before you came to RBS? Why are you here now?

Let’s see…I’m originally from Gainesville, Florida (Go Gators!), did my undergrad at Washington University in St. Louis, and moved to New York in 2005 to work in publishing. After learning that every English major in America wants to work in publishing (not to mention the low pay and long hours), took a job at a boutique Venture Capital and Consulting firm instead. I thought I’d be there for a year, but stayed for six, doing marketing, communications, sales, consulting and HR, and working with some of the coolest technology startups on the plant. I loved the people, but it was a small company and I knew that I would have to leave eventually. Given how much I had learned about Marketing and Business, I started to think about business school and began sending out applications. Instead of sitting around and waiting to hear back, my husband and I decided to quit our jobs and travel the world for six months. We spent three months in SE Asia, two months in Africa and one month in South America, and arrived back in the states a week before I started at Rutgers. One of my funniest memories of the trip was doing my Rutgers admissions interview on the trip via Skype. I was in Vietnam at the time, staying in a hostel, without anything to wear for an interview. Luckily, SE Asia is renowned for custom-made clothing, so found a guy in an alley who promised me he could make me “a suit in a day,” and despite the all-around sketchiness, he had a suit jacket and shirt ready for me an hour before the call. I did the interview that night in an internet café wearing my new suit jacket, shirt, ripped jean shorts and sandals :)




Where do you see yourself in 15 years?

Man oh man. Running my own company? Doing triathlons professionally? So many options…Most likely, I’ll be in a senior marketing and communications role at a large firm. I just accepted a position as an Associate Brand Manager at Campbell’s Soup in August 2014, so that’s the first stop. In an ideal world, I’d also like to be living and working internationally – maybe South America or Australia? Though I might have to convince my husband first…

What is your favorite thing about being an RBS student?

The camaraderie in our class is insane. When I looked at other business schools, I was amazed and turned off by how competitive and cutthroat the students were. At Rutgers, students work together– it’s not about cutting each other down to get ahead. People are genuine and care about helping each other (and the school). That’s what business schools should be like.

What did you think business school was going to be like? What is it actually like?

I thought it was going to be really serious, stressful, and boring. It’s not. It’s awesome. It’s undergrad, minus living across the hall from everyone. Plus, there’s this sense of appreciation for being in school, because most of us worked for a few years beforehand and we know that we’ll be back in the “working world” in a short time.

What do you do for fun?

Travel, Travel and more Travel. I’ve lived on four continents, visited 37 countries, and have toyed with the idea of joining the Peace Corps more times than I can count. I love sports, play soccer, and do races/triathlons. Plus, I’m a bit of an adrenaline junkie – skydiving, bungee jumping, swimming with sharks – you name it, I’ve done it. When I’m not running around, I’m hanging out with my husband and preparing for my first baby, due in January 2014!

Who is your favorite professor and why?

I love me some Susan Mach (business communications) – she’s super nice, cares about her students and really knows her stuff. Plus, with all the quantitative classes first semester, I loved having the chance to write again. I’m also enjoying Executive Leadership with Patti Ippoliti and Multicultural Markets with Jerome Williams. Both are discussion-based, interesting, and have taught me more about real-world issues I’ll be encountering post-business school than my traditional core classes.


How did you land your summer internship? How was it?

I got my internship with Campbell’s Soup by attending the NSHMBA career fair during my first year at Rutgers. I didn’t apply to Campbell’s ahead of time, but stopped by the booth, and just clicked with all the recruiters. I was interviewed on the spot, and again the following day, and found out a week later that I had the internship. The experience was incredible. I lucked out with an amazing team and loved spending the summer with students from all over the country. Plus, Campbell’s gives its interns incredible exposure to senior leaders, and real, business-driving internship projects so it felt like my contributions were making a difference. And, it never hurts working for a food company – we had constant samples of Milano cookies, Goldfish, Pace Salsa, V8, and the best part -- Free Soup Fridays! 

What would you do differently if you could repeat your first semester all over again?

I wouldn’t change a thing. I dropped Finance and it was the best decision I could have made – it allowed me to concentrate on the other classes I was taking (accounting and economics mostly) and just get used to being in school again. I took Finance second semester when things were calmer and I was settled in to the routine, and was much happier for it. Actually, one thing I would do differently – bring my lunch more...no matter how long I’m here, I will never understand why it takes so long to get food in the café.



Monday, September 30, 2013

STUDENT FEATURE: Avril Hsu, MBA '14

Avril Hsu

Marketing

President, Int'l Student Org
Treasurer, RAMS

Avril is a full-time student, earning her MBA in marketing.  Originally from Taiwan, she has worked in seven countries and speaks four languages. She enjoys salsa dancing, learning guitar, and (surprise) traveling.  When she is not in class, she can be found negotiating portion sizes with the food trucks outside 1 Washington Park. 


Where were you before RBS?
 I was born and raised in Taiwan. After completing my undergrad in industrial design, I worked at a Swiss Consultancy called Process Brand Evolution, AG for five years. (www.process.ch). It’s an independent branding and design consultancy based in Switzerland, Taiwan and China.  I started as a product designer and then was promoted to strategy consultant where I helped clients develop new products, new lines of business, and implement go-to-market strategies. (Check out one of my cool projects that won six international awards. http://www.idsa.org/content/content1/t-tech-led-dimmable-light-bulbnature#http://www.notcot.com/archives/2012/06/led-gluhbirne-nature-bulb.php)
While working at Process, I had the chance to travel and work in Switzerland, Germany, Italy, Japan, Thailand, and China. Now, I’m here – the United States J

Where do you see yourself in 15 years?
Ahh this question is hard. I can only say that I enjoy living in the moment and exploring new challenges all the time. And these are the things I will still be doing in 15 years.

What do you do for fun?
I love to eat (all kinds of cuisine) and I eat a lot!  One time the food truck saw my tiny body, assumed I was doing some sort of crazy diet, and decided to give me less food. I’m NOT, so please fill the whole box full of food!  I also love salsa dancing, playing pool, and traveling. Currently, I am learning guitar… progressing slowly though.  

What would you do differently if you could repeat your first semester all over again?
Uh... Honestly, I would pay more attention in all classes… It is kinda hard to balance job/internship searching and classes, but you cannot lack one of them in your MBA journey! Now, I can better balance both classes and work, because I know both are equally valuable. J

What is/was your favorite class? Why?
Strategic management is an awesome class, especially if you are interested in consulting!  Definitely take this class. You will be able to pick up lots of frameworks and how to employ those. Breakdown the current problem into buckets, tailor the right method to analyze it, and from there, strategize the solutions for your companies. 

Wednesday, September 11, 2013

Rutgers Association of Marketing and Strategy KICK-OFF

Great to see so many new faces the 2013 RAMS Fall Kickoff! We are eager to learn more about the class of 2015! To learn more about RAMS, and its leaders, please visit http://business.rutgers.edu/mba/student-organizations/rams



Sunday, April 22, 2012

International Students’ Organization Speaker Event

By Stacey Small-Post

On Wednesday, April 4th, 2012, Rutgers Business School’s International Students’ Organization, in partnership with RAMS and the Global Business Club, hosted an event called Strategies for Advancing Your Career in a Global Economy. Expert guest panelists from Prudential’s International Insurance Division, Alexandra Durbak (Market Development Manager), Maneesh Chadha-(Director of Strategy and Development), and Lin Pan (Vice President and Actuary) shared their decades of collective professional experience to provide practical real-world action steps to succeed in the many facets of international business.
One 2nd year MBA, Lisa Podhayny, said that "one of the most important takeaways for me underscored the fact that we must market ourselves as people who add value to organizations in irreplaceable ways. As such, we will set ourselves apart in today's increasingly globalized business environment by providing unique perspectives through international experiences and multicultural understanding.”  These insights will certainly be useful as Lisa joins Bayer Consumer Care  as an Assistant Brand Manager upon graduation.
Ms. Durbak directed students to reinvent themselves every two years so as to remain relevant. “Consequently,” she said, “You will position yourself to be an indispensable contributor to your company.”  Building on this point, Mr. Chadha encouraged student s to remain aware and sensitive to what the market wants and values. He also cautioned students to network strategically, noting that, “Opportunities come from people who you have worked with and know what you can deliver. Reach out to those people because they are the ones who can really vouch for you.”
Ms. Pan’s personal account of how she overcame obstacles unique to international students however was arguably the piece that resonated most with the audience, over 65% of which were RBS international M.B.A Candidates. She attested to the importance of focusing on and marketing competitive advantages, while remaining authentic: “Research and then make a convincing case for yourself to show that you have what it takes,” she advised, “You have a Rutgers M.B.A so employers know you have the credentials; but, in the interview process, they want to get to know you as a person.”
All in all, this was another great event at RBS and it could not have been such a success without the cooperation of all the clubs involved. RBS MBA student organizations remain committed to offering events, such as this, to serve the needs of its students and to ensure that they remain among the top-tier of M.B.A Candidates in the United States and indeed the world today.

Saturday, April 7, 2012

What's Your Strategy?

We’re in the home stretch of the spring semester, and like the pitter-patter of pre-campaign politics, the words ringing in everyone’s ears at RBS are “jobs, jobsss JOBBSSSS!”

“Jobs” is the word on everyone’s lips as we pass through the RBS era of our lives, both as applicant/candidate (when we’re impressed with RBS’ placement record) and student (when we try to make good on our MBA’s for real). Students from the class of 2012 have been assured of their future since the academic year started (hello, Tarak Shah), while others have heard the words “HIRED” in the months since then. As for the class of 2013, over 50% of us have obtained summer internships (as of today).

My posts tend to be confessional, so with that in mind, I admit that I arrived at RBS with a broad view of what doors an MBA opens, but no month-by-month plan of attack. I’ve been lucky in obtaining an exciting summer position (literally – I’ll be working on the brand team at Trojan condoms), but I’m floored at how damn impressive my fellow first year friends have been in planning their careers. They have been prepared, primped (in business formal, of course), passionate and, most importantly, strategic. One of my personal favourites is Rina Mehta. Her story shows the benefit of using broad strategy concepts to our own career tracks; strategy scholars such as Porter, Barney, Christensen, et al, are good resources for C-level executives, but they are also good resources for us, current RBS students, as we survey the career landscape.

Rina, who spent the better part of a decade working on her PharmD, looked to an RBS MBA to broaden her career opportunities. After experiencing pharmacy work up-close in the pursuit of her doctorate, she found that her real passion lay in managed care, and a PharmD+MBA was the best vehicle to get there. Although pursuing an MBA immediately after a long PhD program carried the risk of having sparse non-academic work experience, Rina has thoroughly considered her options. Her analysis would make strategy scholars proud.

As I mentioned, I find Rina impressive, but I’m not the only one: she was offered three internships at large Pharma companies. But, as a relatively inexperienced candidate, she had to consider each one based on the likelihood of converting her summer internship into a full time job. Doing so forced her to look at each firms’ respective strengths and weaknesses, but she went beyond writing a quick SWOT (strengths-weaknesses-opportunities-threats, for all your non-MBA lurkers); she went on a deep dive into each company. She contacted alumni, heavily researched each company’s core competencies, and uncovered intangible assets.

The company she eventually decided upon has a good R&D pipeline (a soothsayer of future success in the pharma industry), a stable executive team, and a healthy balance sheet. She discovered that her target company possessed tangible and intangible assets that are valuable, rare, imperfectly imitable and non-substitutable, which, wouldn’t you know, is Barney’s definition of a scary-good firm. Her rejected companies had question marks along the way in each metric.

Given that those who read this blog are likely affiliated with RBS, these are important lessons in the MBA phase of your career. But Rina’s thoughtful analysis shows that it is always important to keep you eyes and ears open about the firm you work for, and that an honest assessment of both your options and your employers’ options will be immeasurably helpful at your next career crossroad, and the one after that (and the one after that).