The document describes 180 Degrees Consulting, a student-run consultancy that provides pro-bono consulting services to non-profits. It was founded to address the problems that most student groups only enable fundraising or awareness activities, while non-profits lack access to affordable consulting help. 180 Degrees has branches at universities worldwide where students work on projects matched to their skills to help non-profits with challenges like strategy, marketing, and sustainability. Both non-profits and students benefit, with testimonials praising students' impact and skills gained. The organization has grown rapidly since starting and aims to support 500 projects annually by 2015 through continued expansion.
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Task: Idea Generation, Concept Evaluation, Product Development, Launch
Introduction of a new generation of technology furniture: RAGNVARD. Empowered Design.
A unique customizable design desk that allows to charge a multitude of mobile devices through surface contact.
The BMW Group has a long-standing history of successfully applying user-centric approaches in new product development. Lead users, for instance, have been involved to generate ideas for new media, innovators were invited to co-develop new services in a virtual innovation lab, and consumer insights in the field of sustainability were gained via netnography. However, despite the impressive results, most projects were independent of one another, e.g. as they were conducted by different teams within the organization and the identification of participants was done from scratch.
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Running Head: REFLECTIVE ESSAY 1
REFLECTIVE ESSAY 6
Reflective essay
Student Name:
Institution:
Professor:
Course Title:
Date of Submission:
Reflective essay
It is while and I will out to the corporate world. I intend to join my uncle’s enterprise as I prepare to start my enterprise in the next five years. I thought I had financial intellect until I began my finance classes. Everything seemed okay then. I thought I would manage the finances of the biggest company in the world and emerge successful.
I have overtime amassed so much knowledge and understanding. This has been possible the lecture and other academic activities that I have engaged in. The exams I have been writing have not been easy. I would get excited, nervous and curious as I wrote my papers within the semester and at the end of it. The feeling would escalate when I went to check my grades. The fear of failure always made me read harder and smarter; thankfully, I have never received a failing grade.
It was quite challenging to make decisions on eating, studying, time management, socializing and health matters when I first joined campus. This was made worse by status as an international student. This to me was a major transition. I was responsible of my actions and choices. I had to learn juggling and flexibility. It was of great importance that I balance my freedom with the needs at home, freedom and my responsibilities as well as my studies and social life. Worse still, I had to pay so much fees since I was an international student.
Knowledge in finance is critical in managing fiancés in an organization effectively, wealth creation as well as increasing the value of an organization. This has been facilitated by the topics we studied in the course. These topics include planning, raising finances, making wise investments and controlling finances. This knowledge has highly shaped my desire in venturing in corporate finance.
In our contemporary society, business leaders are looking for a well-rounded finance student and one who is well-skilled in matters finance.
Moreover, the course has impacted additional skills like communication, critical decision making, strategic and quantitative skills. This was possible by the fact the course offers quality services that are outside the traditional curriculum.
The value of a finance course
The value of a career in finance cannot be underestimated. The profession is not about to expire any soon. As long as money navigates the world, a finance graduate will be highly valuable. The world needs the finance professional. Any industry can hire a finance professional. This tells you the value of this course.
During our study, the lectures used a real-life approach. The subject becomes highly practical. This was beneficial has it stimu ...
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2. The Problem…
The vast majority of student-driven
organizations only enable students enable
students to make a difference through:
– Raising money, or
– Raising awareness
3. This seems strange given that:
– Most students don’t have that much money
– Throwing money at problems often doesn’t
address the underlying causes of those problems
– Raising awareness should not be that important
if ‘win-win’ situations are created
– One of the main strengths of youth is the ability
to think creatively
4. At the same time…
Many non-profit organizations do not
operate as effectively as is possible.They
often face challenges related to:
– Financial sustainability
– Marketing
– Human resources management
– The effective use of social media
– Volunteer recruitment
– Working out organizational priorities
– Developing a workable business plan
5. Addressing these challenges is important
because the effectiveness of funds is just
as important as the level of funds.
The problem is that most consulting
services are prohibitively expensive, and
the few services that are pro bono are
not scalable. Most non-profit organizations
miss out.
6. The Challenge…
How can we improve the effectiveness of
non-profit organizations in a sustainable
and scalable way?
How can we create a
‘win-win’ situation so
that all stakeholders
benefit?
7. The Solution…
To create an international student-driven
consultancy that generates significant
social impact by enabling the most
capable university students to develop
sustainable solutions to challenges faced
by socially conscious organizations.
8. Unmet Untapped
Demand Supply
Socially conscious
organizations looking University students
for innovative and cost- willing and able to assist
effective solutions
9. How it works…
The idea is to have a network of 180 Degrees
Consulting branches based at universities around the
world. At each branch, university students would work
throughout the year with local non-profits to identify
and overcome specific challenges they are facing.
As part of this process, students would be able to
collaborate with their international peers through an
online platform, leveraging the capabilities of socially-
minded youth worldwide to generate
innovative, sustainable and practical solutions for
clients.
10. Non-Profits benefit by…
• Getting access to important services they
otherwise could not afford.
• Having people come in with fresh eyes to
develop creative solutions to challenges
they’re facing.
Put simply, non-profits have nothing to
lose and potentially a lot to gain
11. Students benefit by…
• Making a positive and tangible difference to society
• Gaining work experience (since students are
allocated to projects that match their skills and
knowledge)
• Receiving professional training (from the prestigious
for-profit consulting companies we partner with)
• Developing transferable skills (e.g. problem
solving, teamwork, creative thinking, and cross-
cultural communication)
• Getting exposure to the consulting industry and to
the work of various charities
• Having fun working with students from all corners of
12. Implementation of Idea…
• We have been working hard to implement our idea.
• There are now established branches in the following
locations:
– Sydney University (Australia)
– University of New South Wales (Australia)
– InstitutoTecnológicoAutónomo de México (Mexico)
– Far Eastern Federal University (Russia)
– Stockholm School of Economics (Sweden)
– Copenhagen Business School (Denmark)
– Indiana (USA)
– Ithaca (USA)
• There are also more than 10 new branches being setup
14. Examples of organizations
we’re working with…
• AfriCapin Mauritius on improving microfinance
programs
• A21 in Ukraine on social enterprise development to
provide employment opportunities for women
subjected to sex slavery
• Crossroads in Hong Kong on effectively connecting
second-hand goods to those in need around the world
• Hand-in-Hand in India on fundraising strategy
• Red Cross in Australia on marketing strategy
• Viola Vitolis in Bangladesh on combating arsenic
poisoning
15. Testimonials…
• “180 Degrees is one of the few organizations that is
legitimately thoughtful and novel. It is a great
opportunity for students to get practical experience
that is manageable alongside full-time study.” – Alex
Lewis (member of a 180 Degrees Consulting Team)
• “We are incredibly grateful for the help of the 180
Degrees Consulting team, made up of intelligent and
creative individuals. Since implementing their
recommendations we have seen a 60% increase in the
number of KPIs we meet.” – CEO of Sydney-based Non-
Profit Organization
16. Frequently Asked Questions
1. Do students
have the ability
to consult?
2. What is the
client
engagement
process?
3. What is the
timeline?
17. Do students have the ability
and experience to consult?
Rigorous selection process ensures best students
• Targeting students in top 10-15% bracket
• Two stage selection process: applications and interviews
Professional training provides quality assurance
• Conducted by university staff and consulting professionals
Many students possess relevant expertise
• Specialised knowledge can be matched with clients’ needs
Natural accretion of experience
Without much experience, students can still be of assistance
• View problems from a fresh perspective
• Use Podio to internationally source solutions
18. What is the client
engagement process?
Statement of
work
Introductory International
meeting collaboration
Client
engagement
process
Follow-up Progress
review report
Final
presentation
19. What is the timeline?
• Establish 10 branches worldwide and undertake over
100 consulting projects
2011
• Have operational systems in place to support further
expansion
2012
• Have at least 50 branches worldwide and undertake
at least 500 consulting projects each year
2015