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
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
