Wednesday, June 11, 2008

Day 3. June 8, 2008

Day 3. June 8, 2008

We kicked off the day at 7:00 AM with a Coach’s Breakfast – the objective was to identify which team members would be part of our “Advance Team” to Caterpillar – this PM, we’ll be sorting the entire weekend’s trash at the Caterpillar Financial offices – an 11 story building housing 900 employees. We’ll be designing a sustainability (waste reduction and recycling) program for the firm.

The Accelerator teams studied the attributes and conditions that drive wealth creation within companies: the need for products and services to be Valuable, Rare, Difficult to Imitate, and the firm must be organized to exploit these attributes.

Professor Pace launched our Communications and Personal Branding sessions. Using the “StrengthsFinder” assessment, Accelerator participants developed their strengths profiles and shared insight with these traits with one another.

This group of 85 young men and women are fully armed with i-Pods, i-Phones (some Blackberrys) and laptops – they are connected – virtually and constantly. They walk around with volumes of information (and tunes) in their heads and even more information at their fingertips. I saw this phenomenon first-hand today as we began research for our second corporate project. With lightening speed, fingers were gliding across keyboards, data was flashing on the laptop screen, and global data searches were initiated.

This afternoon, the Accelerator teams worked to finish their presentations for Griffin Technologies to design a new iPhone accessory (seems only fitting, huh?). Dress rehearsals finally got underway about 9:00 PM. Our faculty team gave the last bit of feedback to our final team at 1:00
AM (lots of coffee). Tomorrow, some 72 hours after arriving, these 8 teams of young men and women will present their design to the Griffin executive team. We’ve begun the journey of transformation.

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