A strategic imperative for the company is to accelerate growth in our existing markets by acquiring new customers. Traditionally, implementations were highly custom and therefore required more resources and time to complete. Given the new direction, Vitech has shifted its focus to a more standardized implementation scope and approach – trying to mimic an “assembly line” in terms of our go-to-market delivery strategy while prioritizing product-level upgrades over client-specific enhancements.
Part of the challenge will be to confirm and implement standards which new projects will be founded on, and which existing teams will need to conform to. How can we effectively implement standard processes without interrupting the teams that rely on non-standard processes today?
Project Topics
Growth Strategy
Company Information
| Company | Vitech Systems Group |
| HQ | New York, NY |
| Revenue | N/A |
| Employees | 500-2500 |
| Stage | Large Enterprise |
| Hiring Potential | N/A |
| Website | https://www.vitechinc.com/ |
Company Overview
At Vitech we believe technology is best when it is used to simplify complex business processes and are on a mission to bring better software solutions to market to address the complexities of the insurance, retirement and investment industries.
We are committed to innovation and continuously building better user experiences for our customers by pairing our deep domain expertise with the latest advancements in technology.
Experiential Learning Program Details
| School | Fordham University |
| Engagement Format | Live Case - Think "Hackathon" or Case Competition with a whole class of students! This learning format allows educators to deliver experiential learning to students at scale. Students are often split into groups to work on a live case (or a series of cases) from a real host company that directly relates to key learning objectives. |
| Course | MBA On the Spot Consulting, Fall 2021 |
| Level |
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| Students Enrolled | 80-100 |
| Meeting Day & Time | 2 Sessions on Wednesday 10/27 & 11/3 from 3:30 - 5:30 PM ET |
| Student Time Commitment | 4-7 Hours Per Week |
| Company Time Commitment | 2 Hours |
| Duration | 1 Weeks |
Program Timeline
| Touchpoints & Assignments | Due Date | Type | |
|---|---|---|---|
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STUDENT ON-BOARDING BEGINS!
STUDENT ON-BOARDING BEGINS! |
October 13th, 2021 | Event na | |
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REMINDER OF CONFIDENTIALITY
REMINDER OF CONFIDENTIALITY
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
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October 14th, 2021 | Event na | |
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Upload Résumé
Upload Résumé
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October 17th, 2021 | Submission Required submission-required | |
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SUBMIT PROJECT PREFERENCES
SUBMIT PROJECT PREFERENCES
Survey link: Project Preference Survey
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October 17th, 2021 | Evaluation evaluation | |
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Teams Finalized
Teams Finalized
Students Ramp-up for Assigned Project
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October 20th, 2021 | Event na | |
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Kickoff Evaluation Due
Kickoff Evaluation Due
Survey link: https://forms.gle/o47W3NjXWmoQ4BzW6
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October 26th, 2021 | Evaluation evaluation | |
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Presentation - Overview of Vitech
Presentation - Overview of Vitech
3:30 - 4:00 PM ET - Vitech Overview
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October 27th, 2021 | Event na | |
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Project Breakout Sessions
Project Breakout Sessions
4:00 - 4:30 PM ET: Overview of Project
4:30 - 5:30 PM ET: Working Session + Office Hours with Vitech Contact
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October 27th, 2021 | Event na | |
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Temp Check Due
Temp Check Due
Survey link: https://forms.gle/mQTcH4a5h4pLet269
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October 28th, 2021 | Evaluation evaluation | |
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Submit Final Presentation
Submit Final Presentation
Upload your Presentation in PDF Form
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October 31st, 2021 | Submission Required submission-required | |
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Submit Link to 5-Minute Video Pitch
Submit Link to 5-Minute Video Pitch
Please submit a link to your 5-minute recorded video pitch introducing yourselves and summarizing your creative approach to solving the challenge presented by Vitech. We recommend recording and uploading your video using one of the following tools: YouTube, Vimeo, Zoom, Loom, DropBox, and/or Google Drive.
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October 31st, 2021 | Submission Required submission-required | |
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Debrief Session with Vitech
Debrief Session with Vitech
Each of the four projects will be debriefed in this order. Included in the debrief is an opportunity for Vitech to provide their feedback on deliverables and students to share reflections based on what they learned.
3:30 - 4:00 PM: PRODUCT DEVELOPMENT: Data and Analytics New Offering Analysis
4:00 - 4:30 PM: TALENT MANAGEMENT: How to Win the Competition for Technology Talent
4:30 - 5:00 PM: DELIVERY: Solutions Standardization
5:00 - 5:30 PM: MARKETING: The Changing Customer Buyer Journey – Winning Strategies for B2B Marketing
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November 3rd, 2021 | Event na | |
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Final Peer Evaluation Due
Final Peer Evaluation Due
Survey link: https://forms.gle/qP6JwPc8wVKFqsJW6
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November 6th, 2021 | Evaluation evaluation | |
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Final Self Evaluation Due
Final Self Evaluation Due
Survey link: https://forms.gle/fnv47sPFqjVZyrtT9
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November 6th, 2021 | Evaluation evaluation |
Key Project Milestones
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October 27, 2021 - Deep Dive on the Challenges and Impediments to Solution Standardization at Vitech
What is the history of Vitech’s product development?
How has Vitech’s product development changed over time?
How has the market changed over time (timeline and cost)?
How does that market change influence Vitech’s decision making process?
How has the diversification of the insurance industry and related products affected Vitech’s ability to serve its clients?
How has the acquisition of Vitech (now primarily owned by investors) impacted the company’s ability to do business or serve its clients?
What are the impacts of operating under the SaaS model?
How does positioning Vitech as a software company rather than a software and service company affect our service model?
How does this shift in model affect the talent management, recruitment, nurturing, and cultivation of human resources for Vitech?
How do you recommend effectively using limited current knowledge talent resources within Vitech to scale delivery and meet client demand? (i.e, leveraging a finite set of knowledge and expert resources within the company to manage a growing portfolio of projects).
How can Vitech effectively utilize and implement standardization to improve quality and satisfaction of product and reduce resource utilization?
Suggested Deliverable:
Overview of key things you heard and understood about this problem: Describe your understanding of the history of Vitech and the problems Vitech faces with standardization and the goals for standardization.
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October 31, 2021 - Recommendations and resources to address challenges and barriers to Solution Standardization at Vitech
What ideas do you have for solutions to the problems presented by standardization?
What type of organizational structure might you suggest to help the limited knowledge/talent resources have a greater impact across the company?
What suggestions do you have for a standardized product which will still be able to respond to the unique needs to each client? (I.e., How can Vitech remain agile, nimble, and fungible while utilizing standardized solutions?)
How are competitors in the larger software space/industry solving this problem?
What are the leading resources and who are the thought leaders influencing software standardization challenges?
What suggestions do you have for gaining internal buy-in on standardization at Vitech?
What are the blockages and pain points within Vitech that are barriers to the adoption of standardization?
How do the ideas and solutions you are presenting address the pain point of resistance to culture change within Vitech?
Suggested Deliverable:
Proposal for addressing barriers and challenges to the implementation of Solution Standardization at Vitech
NOTE: All content items do not need to be addressed and the team is free to address items they feel most comfortable. Looking for fresh ideas or perspective.
Project Resources
Industry Mentors
Academic Mentors
Assigned Students
