The pharmaceutical industry is a highly competitive market, where the development of one product can take many years and cost billions of dollars.
It can be hard to manage the lifecycle of a compound, which includes discovering, performing trials, getting approvals, and ultimately obtaining a patent. Pharmaceutical organizations also have to consider the people, organizations, and countries that are continually testing their resolve.
This unique environment and set of challenges will give MBA students exposure and insight into real-world business trials, allowing for an accurate evaluation of how they perform under pressure.
We want your MBA program to put its best 4-person team forward to represent your school!
Each team will receive a set of case challenges that they must solve. Students do not need to be experts in healthcare, IT, or the security sector to compete. A facilitator will release high-level challenge information in advance of the event, thereby allowing each team the opportunity to familiarize themselves with the material.
A facilitator will also observe and judge the student teams to gain a new outlook on how the company should internally be thinking about challenges and innovation management.
The 2020 NC State Grand Business Challenge is held on February 20th-22nd, on the campus of NC State University. Additional details will be posted as available.
Note: This competition is only open to full-time MBA students. Practicing physicians are not eligible to participate in the challenge or attend the event.