The Volunteer Consulting Group (VCG) is organized by the Consulting Club at MIT (CCM) to give graduate students valuable experience and introduce them to consulting work. You will do a project in a small team with one of three local companies on a real business problem they have. Representatives from these companies will be available to the VCG team as needed. The program will run for 5 weeks starting January 5, 2015. After a first week of preparation (consulting/mini-MBA workshop and meeting with CEO of the company), you will need to commit approximately 8-10 hours per week for the following 4-week period of time, including two weekly meetings, one with the team and one with the host company. Any graduate student or postdoc at MIT who is interested in consulting, working with start-up companies or simply looking for a different, interesting experience is welcome to apply.
To apply, please send a 200-word statement of purpose to firstname.lastname@example.org explaining how you would benefit from the VCG by Monday, December 15th, 2014. Also rank your preference for project #1, #2 and #3 (below). In the mean time you can address eventual questions to the CCM managers responsible for each project (listed below).
Projects for this year:
1. Health care start-up: (concept testing)
A private entrepreneur with previous experience as CEO in a Cambridge, MA biotechnology start-up is seeking to develop a web-based platform with the potential to disrupt current health care service pricing models. This VCG project will assess the feasibility of the concept through market and stakeholder analysis, customer identification and segmentation, and revenue model viability.
2. Best Bet Solutions: (Market and pricing analysis)
Best Bet Solutions uses a proprietary software called MyBestBets to improve post-secondary and career outcomes, especially for young people who have been disconnected from education and/or the workforce. It primarily serves high schools, community colleges, and national youth-serving networks. The company wants to improve connectivity to its end-users and adapt its pricing model. This VCG project will look at the education market and evaluate different pricing strategies based on market demand, competitive landscape, company’s capabilities, and cash flow analysis.
3. ThirdChannel: (Market and pricing analysis)
ThirdChannel (“3C”) is gaining traction as the preeminent retail intelligence network that retail brands use to power their in-store strategies. ThirdChannel’s cloud-based technology parses through the millions of data events coming from its client’s stores and feeds back data that matters most in a clear, streamlined view so that its client can make decisions to effect near immediate sales. 3C technology wants to expand its client base in and beyond retail stores in the US. This VCG project includes analyses of market demand for the technology in and outside of the US, pricing strategies based on location and demand, and job outsourcing opportunities in the case of international expansion.
Additional questions can be addressed to the team organizer of each project:
Project 1: John Ballew (Email: email@example.com)
Project 2: Kartik A Shah (Email: firstname.lastname@example.org)
Project 3: Sabin Dhakal (Email: email@example.com)