IU Kelley School of Business at IUPUI Seeks Companies to Partner with Student Teams

I-Core students present their semester-long project to Kelley professors and company representatives.

The following is a release from the Indiana University Kelley School of Business in Indianapolis:

When digital recording provider Word Systems, Inc. sought to find new ways to use a certain type of software, they enlisted undergraduate students from the Kelley School of Business at IUPUI.

“We wanted to explore other applications for our iRecord software, which is currently used by law enforcement agencies when they conduct interviews during investigations,” explained Christy Walchle, vice president at Word Systems, which distributes and markets the iRecord software. “We’ve never explored other applications for the product before, and we realized these student teams could give us insight we may not have considered.”

Junior-level students enrolled in Kelley’s Integrative Core (I-Core) Program helped the company identify innovative uses for its product and how it could expand to different markets.

“The students brought in a lot of great ideas that we’d never thought of before,” said Walchle. “This experience allowed us to think outside the box. You come to a point in business when you think you know everything about a certain product or application. When the Kelley students and professors ask you questions you may not have asked yourself, you realize what you don’t know. It puts us back in the classroom, as well.”

It was a similar experience for IMMI, a Westfield-based company that designs, tests and manufactures advanced safety systems like seatbelts for school buses.

“As a global company based here in central Indiana, IMMI is thrilled to partner with the Kelley School at IUPUI to grow and develop the region’s next generation of business leaders,” said Julie Cooley, director of corporate marketing and communications at IMMI.

IMMI worked with student teams during the fall 2016 semester, and company representatives have already signed up to participate in I-Core again this fall.

“When we give the students real-world scenarios to work through, not only do we help them, but they also help us,” said Cooley. “I-Core is a tremendous program because it’s mutually beneficial. The Kelley students at IUPUI are extremely engaged and are delightful to work alongside.”

Guiding future business leaders: Sign up today

The Kelley School of Business at IUPUI is again looking for central Indiana businesses to partner with undergraduate student teams for its renowned I-Core Program.

I-Core is a distinguishing component of the Kelley bachelor’s degree program. Junior-level students take a set of four integrated classes—marketing, finance, supply chain management and team dynamics and leadership—during a single semester.

Kelley students say I-Core is one of the most meaningful experiences of their Kelley careers—a rite of passage toward understanding the business world and the value of teamwork.

Company representatives say the program provides insights into future opportunities, and it allows them to think about products and services in ways they may not have before.

Students may consider new goods or services, providing a feasibility study of the new product and market. They will determine if return on investment justifies risk and capital investment.

“I recommend this to any company looking to expand its current market or explore new ways of growing business,” added Walchle. “It was rewarding to give back to these business students and guide them through this process.”

“I was impressed with the level of engagement I had with students,” said Mike Patterson, vice president of strategy at Rook Security. “Throughout the semester, they communicated with me regularly as they considered new ways to market two of our newest products.”

“Students give you a new and modern perspective,” explained Daniel Reyzman, BS’10, MBA’15, senior manager, tax product at First Advantage Tax Consulting Services, LLC. “Participating in this program allowed us to build rapport with future business leaders. I believe if you can contribute to students’ growth and learning, you’re contributing to our future as a business—and the future of our economy here in central Indiana, as well.”

How to get involved

Please request and complete an application if you’d like your business to be involved.

Any for-profit organization can apply. The ideal company for I-Core is an S Corporation, C Corporation or LLC that has been operating for three to five years and has shown an operating profit for at least one year.

Several teams of undergraduate students (directed by a Kelley professor) will meet with company representatives to establish projects that work to benefit the company. Students conduct research, analyze findings and provide a recommendation at the end of the semester. This provides companies with a diversity of ideas and perspectives.

Company representatives are asked to participate in an on-campus meeting to talk about the company’s current business and provide background information to help student analysis.

If you would like more information on this program, or to request an application, contact Teresa Bennett at [email protected] or at (317) 278-9173.

Kelley School of Business Indianapolis Seeks Companies Looking for New Growth Opportunities

IUPUI KelleyThe IU Kelley School of Business Indianapolis is looking for central Indiana companies to partner with undergraduate-student teams for its renowned Integrative Core (I-Core) Program. A release from the school has more:

I-Core is a distinguishing component of Kelley’s bachelor’s degree program. Junior-level students take a set of four integrated classes—marketing, finance, supply chain management and team dynamics and leadership—during a single semester. Kelley students say I-Core is one of the most meaningful experiences of their Kelley careers—a rite of passage to understanding the business world and the value of teamwork.

A team of students will meet with company representatives to establish a project that works to benefit the company. Students conduct research, analyze findings and provide a recommendation at the end of the semester.

Students may consider new goods or services, providing a feasibility study of the new product and market. They will determine if return on investment justifies risk and capital investment.

Company representatives are asked to participate in an on-campus meeting to talk about the company’s current business and provide background information to help student analysis.

 Results: Testimonials from company reps and students

Last academic year, one student team worked with RICS Software in Indianapolis. VP of Products and Technology Chris Kozlowski says the I-Core group looked at additional revenue opportunities for the company.

“If you have the resources to spare, and you are looking for ways to think about your business differently, it’s a no-brainer,” Kozlowski said about his experience with the Kelley I-Core team.

“You have students who will think about the ways you do business, and the exercise—just going through the process—is worth it. It’s always nice to hear a different perspective. The fruit is in the ideation that they produce and present to you. It’s a different take on your business, which allows you to see things differently,” said Kozlowski. “The ideas were original and well-thought through. It’s a great exercise because it casts the lens inward a bit. It’s always good to hear new and different ideas.”

Kelley student and supply chain major Salman Al Muqaimi, BS’17, was one of the students who worked with RICS Software.

“Working with RICS Software was a great opportunity,” Al Muqaimi said. “Interacting and working with business professionals taught me that important skill everyone needs to be successful in business: communication. Taking I-Core gave me a better picture of what business is and how companies use the science of business to help them succeed.”

“I consider the I-Core project to be a preparation course for real life in business. I-Core is the gate, and walking through this gate gives you the chance to apply knowledge you’ve learned in the classroom to the real world,” he added.

Chris Gray is the Founder and CEO of Track Ahead, a career development app that facilitates firsthand and indirect engagement between college students and employers to match them based on mutual fit. He also worked with a Kelley I-Core team, who used Track Ahead data to build their own business model.

“When you’re talking to students about an idea, they’re asking questions. Those are often the same type of questions we thought about when the business was just getting started. It puts you back into that ‘day one mindset,’ thinking about the answers to the kinds of questions that hadn’t been thought about in a while,” said Gray. “In the startup world, you have to keep that sort of ‘day one thinking.’ You can’t lose sight of the thought process and the things you were thinking about in the first place. I think it was a good exercise.”

“I would recommend the I-Core experience to any company,” said Gray. “Being involved with Kelley Indy students helps all of us in the business community—to make sure we’re growing and cultivating the next generation. We have to find the time to reach out to them.”

Accounting and finance major Jalen McCoy, BS’18, says I-Core taught him to work efficiently with a team and the importance of being a leader.

“I enjoyed working with a company that genuinely cared about the ideas we came up with,” said McCoy. “The I-Core experience for a company could be an excellent recruiting tool, and students may come up with ideas that act as a catalyst for growth. I know personally that this I-Core experience was truly one of a kind, and I appreciated the participation of the company that I was involved with.”

How to get involved

Please request and fill out an application if you’d like your business to be involved.

Any for-profit organization can apply. The ideal company will have been in business for at least 10 years (minimum of 5 years) and will have shown an operating profit for at least three years (minimum one year). The company must be incorporated as an S corporation, C corporation or an LLC.

If you would like more information on this program, or to request an application, contact Teresa Bennett at tkbennet(at)iupui.edu or at 317 278-9173.