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  • Intellectual Ventures president talks career, patent business in on-campus discussion - MIT Sloan School of Management
    and support in my family I think that s a sassy little girl there who was about to take on the world she told the audience Brown said her father who died recently at the age of 90 instilled discipline and values and offered guidance When she told him she wanted to be a teacher like him he gently dissuaded her Being a teacher was admirable he said but he told his daughter to figure something else out He also warned her that figuring it all out would be uncomfortable A pollution spill in a river in her Virginia hometown inspired her to get a bachelor s degree in environmental health from Old Dominion University Shortly after graduating she took a job as a shift supervisor at a Corning electronics manufacturing plant When questioned she didn t divulge her age 22 to anyone but treated subordinates with respect It paid off I was the nice supervisor and it showed up in the numbers because people felt good Brown said She went on to have a 19 year career at Corning culminating in a role as a vice president and general manager Along the way she attended the MIT Sloan Fellows Program and when she returned to Corning she took a job in a division that was fraught with challenges Fortunately she had a great relationship with the vice president and general manager and she worked with him to change the sometimes inhospitable atmosphere she faced It takes courage and it takes a little bit of your genius to understand when to push Brown said She asked for opportunities and support and continued to treat everyone with politeness Those soft skills along with the power and the commitment to drive results for your business is what ultimately makes the difference she

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-adriane-brown-intellectual-ventures.php (2015-03-14)
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  • Foxtrot maps a route to winner's circle at MIT $100K Pitch contest - MIT Sloan School of Management
    at MIT Others are further along with existing prototypes or paying customers The next phases of the 100K Accelerate and Launch require developed business plans Foxtrot Systems founded by brothers Doug and Patrick Coughran took the 5 000 grand prize with a pitch promising the advantages of truck route optimization to businesses with fewer than 50 vehicles While companies like FedEx and UPS spend millions devising the best routes and traffic practices to maximize efficiency for their massive fleets the pair said that information is proprietary and unavailable to smaller operations Over the past two years here at MIT we ve developed an algorithm to help small and medium sized businesses optimize their delivery routes said Doug Coughran an undergraduate at MIT majoring in mechanical engineering On the potential market Patrick Coughran a computer science student at Tufts University noted that 60 percent of the fleets in the United States have 50 vehicles or fewer and together spend 8 billion on unnecessary driving The brothers conducted extensive interviews with smaller companies including commercial laundries florists and sandwich shops In addition to wasted driving time and fuel costs they recognized the potential for reducing carbon emissions by cutting road time I thought it was a crime they had no delivery logistics Doug Coughran said noting that for these smaller firms much route planning was done on paper without any real time traffic information Foxtrot already has a paying client in Harpoon Brewery The founders plan to put their prize money toward new hires in sales and software development and continuing to build case studies to demonstrate potential savings to fleet managers The 2 000 Audience Choice Award decided through text message voting by attendees was also fuel related Fuel Drop devised by a trio of MIT Leaders for Global Operations students aims to bring the filling station to the busy urban driver by delivering a full tank of gasoline Gearing up to launch a pilot program in January co founder Josh Jensen LGO 16 said the prize money would help to retrofit a pickup truck with a 1 000 gallon tank to begin deliveries The 2 000 second place winner was AquaFresco whose founders have developed a water filter that can recycle 95 percent of wastewater from commercial scale laundry operations at hotels The 1 000 third prize went to TVision Insights a company that is already showing a profit in Japan with an offering that uses Xbox technology to collect television viewers demographic information viewing habits and reactions to programs and advertisements Lessons from HubSpot Dharmesh Shah SF 06 co founder and chief technology officer of Cambridge based HubSpot and one of the evening s judges delivered a keynote during the finale HubSpot was born at MIT Sloan in 2006 and Shah and co founder Brian Halligan SF 05 participated in the MIT 100K when the grand prize was 50 000 Shah talked about the early days of launching a startup including one of the most basic of early questions

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-100k-pitch-winners-foxtrot.php (2015-03-14)
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  • Green building maintenance plan wins at Climate CoLab conference - MIT Sloan School of Management
    efficiently after the architects and engineers leave The announcement was made at the MIT Climate CoLab Conference held Nov 6 7 at MIT As buildings become more and more complex with high performance sustainable buildings and Leadership in Energy and Environmental Design buildings the complexity of the systems and energy savings opportunities are growing exponentially Dahan said But the training of building maintenance staff is stagnant It s like taking me or you and putting us in the cockpit of an airplane and telling us to Just go Dahan proposed developing curriculum for building maintenance personnel at the community college and technical high school level equipping them to better maintain buildings and maximize the energy saving technology within I really enjoyed the CoLab competition she said Before I was mostly on my own trying to research it and this helped me get it on paper and get support and feedback Climate CoLab is a project of the MIT Center for Collective Intelligence and invites all comers to present actionable ideas addressing climate change through its website Ideas are vetted through public commentary and judging modified by participants and submitted to compete in 18 distinct contests The contest categories themselves are defined through an online community with more than 33 000 registered participants The contests range from Communicating Coastal Resilience and Crowdsourcing for Disaster Risk Management to ideas for implementing a price on carbon and improving land use in agriculture livestock and forestry At the conference winners in each category participated in breakout sessions to discuss moving ideas to reality Winners of each contest were all eligible for the grand prize Professor Thomas Malone the director of the MIT Center for Collective Intelligence said judges considered three questions How novel is the idea How feasible is it How much potential for

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-green-building-education-colab.php (2015-03-14)
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  • The Calloway Way: New book on PepsiCo leader carries lessons for future CEOs - MIT Sloan School of Management
    argued Oct 29 in a talk at Wong Auditorium on campus at MIT Sloan Currently on a promotional tour with The Calloway Way Results and Integrity Feld joined his nephew Brad Feld SB 87 SM 88 managing director of Foundry Group to discuss Calloway s leadership He said Calloway s management style serves as an important leadership guide in an age where quarterly pressures can crowd out attention to real growth I started thinking about a need for a leadership renaissance Charlie Feld said Calloway s whole mantra was growth Growth is like oxygen If you grow you attract the best people If you attract people you grow It s as simple as that Charlie Feld worked with Calloway at PepsiCo as chief information officer and now heads the Feld Group a team of IT executives working with Fortune 500 companies As a colleague of Calloway who passed away in 1998 he s not surprised Calloway isn t a household name and approached the book in part to ensure he is remembered He had the notion that a good leader has to set the agenda has to use both ends of the telescope he said You ve got to look down the road and see where you re going which a lot of people do a pretty good job of but then you ve got to turn that telescope around and look at where you are right now because you don t get to step over a quarter or you don t get the product It wasn t either or It was both The reason I feel like it s so critical right now is that at 10 miles an hour in 1950 on a straight road looking up and looking down it didn t matter not much would change

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-charlie-feld-calloway-way.php (2015-03-14)
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  • Smart solutions for city parking - MIT Sloan School of Management
    parking solutions incorporating smart technology had to fulfill the demands of visitors and residents while also accommodating limited city budgets Representatives from the cities of Boston and Newton and management professionals from Cisco IBM and SAP spent one day briefing the participating students Students were advised on a broad set of considerations such as community neighborhood issues policy regulations innovative technology operations and resource constraints On day one students were trained in a design thinking approach to problem solving by representatives from SAP a multinational software company The students then had two days to devise their solutions Each team shared its proposal in a brief elevator pitch followed by a 30 minute presentation and Q A before a panel of judges that included corporate representatives from Cisco IBM and SAP as well as MIT Sloan faculty staff and alumni The first place team offered a product it called StreetSense a proposed app that would rely on existing and new sensors at traffic lights and intersections to offer predictive analytics that would forecast parking traffic An online search and pay approach would assist the end user in attempting to locate a parking space in the city We heard from the city administrators on Monday that they have an overabundance of data said StreetSense team member Bita Diomande MBA 15 Instead of providing an alternative technology that could be a parallel solution we wanted to provide an integrated solution that takes into consideration available technology and makes sense of all the data they currently have The Enterprise Management track hackathon runner up team The runner up team proposed a product they called Spaceify Team member Abigail Wright MBA 15 said Spaceify is a smart transportation solution that helps residents commuters and visitors find the best way to get where they need to

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-smart-parking-system-hackathon.php (2015-03-14)
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  • Beepi aims for overhaul of used car industry - MIT Sloan School of Management
    also because Beepi faces more supply and demand than any local dealer by virtue of operating in the entire market without geography restrictions A Beepi inspector examines a used car in California Raised in Argentina Resnik launched his first startup a domain registrar named Latin Dominions when he was 18 years old He sold that company to pursue his undergraduate degree in industrial engineering and operations and graduated from Buenos Aires Institute of Technology in 2006 While still in college he started his second company Global Vitamins and ran it until 2010 when he sold it to attend MIT MIT was my destiny it was my dream school since I was very young said Resnik who enrolled in the Entrepreneurship and Innovation Track within MIT Sloan s MBA program I really wanted to be an entrepreneur again At MIT Resnik met other entrepreneurs and learned to never accept the status quo Instead of complaining about a problem I m going to try to solve it That s the DNA MIT gave to me and for that I ll be forever grateful he said In fact if Resnik hadn t moved to Massachusetts to get his MBA Beepi might never have existed It was there that Resnik bought the used Jeep that launched him on his mission to revolutionize the car market Within days of purchase his vehicle caught on fire and yet the dealer wouldn t take it back I sued the dealer and got my money back plus damages Resnik said I also learned how unprotected consumers are in this big transaction He began researching the market for online auto sales He surveyed a total of more than 300 students from MIT Harvard and Columbia and learned that people would be willing to buy cars online if they had

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-beepi-used-cars-alejandro-resnik.php (2015-03-14)
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  • A health and fitness tracker for dogs - MIT Sloan School of Management
    s collar and conveys 24 7 activity data from a 3 D accelerometer to iOS and Android smartphones or an optional Wi Fi base station via Bluetooth Smart Owners can then check in on their dog s activities via the FitBark mobile app FitBark also alerts owners to signs of trouble and helps caretakers coordinate care via a user dashboard FitBark s algorithms are optimized for dogs so using one on a cat or other animal while possible is not officially supported The FitBark monitor tracks your dog s daily activities I grew up with dogs and realized that as owners we are continuously guessing how our dogs are doing when they vary from their habits and what they really need Rossi said I was seeing what was happening with human activity monitors I thought if it can be useful for myself it would be even more helpful for someone who doesn t talk and from whom I separate myself during the day or when I travel Rossi said he has been using FitBark to monitor how his Yorkshire terrier Freud is doing following treatment for melanoma Day after day FitBark quantifies how much his activity increases validating that in his case the drug coupled with surgery really worked he said In addition I noticed that when Freud was in pain he collected more activity counts at night likely because of the discomfort Seeing this metric go down in the past few weeks was reassuring While feeling well connected to Fido is a major motivator for FitBark s customer base Rossi said the data his company collects provides new scientific insights into the life of dogs The data we anonymously generate creates rich lifestyle data sets that help vets insurance companies retailers and food manufacturers better target or validate their products and services he said Such data could ultimately improve the lives of pets by facilitating medical diagnosis and remote monitoring of certain medical conditions Such information is not currently available Rossi said noting that many clinical studies on dogs use only a small number of individuals This is the first time we will have a chance to draw correlations based on large datasets that can be filtered by breed age weight and medical conditions he said Originally from Italy Rossi had a variety of careers before coming to MIT Sloan for graduate school Trained as a mechanical engineer he began with his dream job working as an engine designer for Ferrari There he discovered he really enjoyed running projects so in 2003 he co founded BRM Model Cars a toy race car company with which he remains involved In 2004 Rossi moved into the oil and gas industry managing pipeline coating projects for Socotherm in the Middle East and Asia He eventually decided to return to school to gain skills in finance economics and business Attracted to MIT by its reputation in the engineering world Rossi said he was excited to learn that MIT Sloan has top credentials among

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-fitbark-release-davide-rossi.php (2015-03-14)
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  • Fail Better: A Q&A with MIT Sloan's Anjali Sastry - MIT Sloan School of Management
    early testing rapid prototyping and iteration are not yet common Besides the tools to make this method work we need to cultivate the ability to differentiate useful failures from dumb ones Such knowledge can help prevent failures due to poor planning inadequate analysis or insufficient research and enable them to be called out when they do occur So the message is twofold first rethink how you plan your projects to ensure that the failures you generate are useful and second as you go test your ideas looking for and carefully assessing the feedback at every step The tools of systems thinking are essential for both because they help explain the relationships between actions results and impacts What is the most critical mistake a manager can make in trying to implement the Fail Better approach A crucial danger arises when people pay lip service to the notion of embracing failure without supporting the practices leadership and culture needed to enable and support effective failures In this regard what managers do is incredibly important if managers advocate our approach but then sidestep a difficult conversation about a visible failure they will undermine the entire effort They need to call it when a failure is not acceptable Managers also need to protect the investment of time required to plan and learn from failures and they need to invest in the right amount of data collection and analysis so that early tests and initial results are appropriately assessed You put a lot of emphasis on self reflection both for individuals and for teams But that s time consuming work How can people get in the habit of making time for reflection There s an old saying If you think education is expensive try ignorance I d advance a new version of it if you think reflection is expensive try ignoring the lessons of experience But perhaps the term reflection is leading us astray here It doesn t mean navel gazing Instead what we need is a data driven approach to extract the lessons from experience Individuals and teams may need to cultivate new habits to do this and then support their use even when things get busy Managers may need to protect their teams time to allow them to both plan and assess their efforts and also help them get the resources they need to do better While researching Fail Better we found many effective practices from a venture investor managing his weekly schedule to retain an hour for planning and reflection to teams that embed five minute drill down discussions in their standing meetings Readers will find varied examples many featuring MIT Sloan alumni and their startups in our book and discover how the ideas apply even more broadly including in the case of the U S civil rights movement and Bangladesh s remarkable global non governmental organization BRAC Building the habit of regular planning and assessment is the essential first step Once you re looking at plans and results systematically you can

    Original URL path: http://mitsloan.mit.edu/newsroom/2014-fail-better-anjali-sastry.php (2015-03-14)
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