The City as the Classroom

When selecting our second semester courses, the debate for many of us was how to meet the core course requirement, while leaving more slots for the cooler electives. Now, here’s a thought: An experiential course, with only one introductory session in the classroom, all the rest spent outdoors, and still counted as a core course?

Yes! It exists and I am in it. Stern added a new section to the Operations Management course called “Ops in NYC” this semester. The class uses New York City as its platform, and every Wednesday afternoon, we visit a different business in the city to learn how they run their operations. The overall breadth of industries selected for this class is immense, ranging from Retail to Food to Fashion to Transportation. In addition to studying their processes from an academic standpoint, the aspect of how their operational challenges change in the urban context to serve a fast paced and populous city like New York, is one of the main themes of this class.

The visits are very engaging, with senior executives from the firms spending the entire three hours of the class duration with us. To elaborate, one visit was to the Maher Container Terminal in New Jersey Port, the single largest marine container terminal in North America. Ivo Olivera, VP of Industry Relations explained the entire flow at the terminal, from docking to the eventual road/rail transportation, while answering our questions about capacity considerations at each step and the effects of the Panama Canal expansion on their overall operations. We toured the terminal, following the path of a container from the time it enters the facility, to where the giant crane loads it on to the ships.

The next week, we were at the JetBlue HQ in Queens. The best part was seeing their Systems Operations Center, the nerve center of JetBlue’s flight operations including dispatch, flight monitoring and crew scheduling. We spent a significant time discussing Irregular Operations (IROPs) – how they handle weather emergencies and flight rescheduling, and the impact of the new FAA regulations for increased pilot rest time on their crew scheduling.
Upcoming visits include FreshDirect, Taxi and Limousine Commission of NYC, Hudson Condos and an entire day at the organic farms of Sylvestor Manor.
Oh! If you think this is purely a sightseeing class, we have challenge assignments and case analysis reports due every week, pertaining to the specific industry we go to. So, no getting away from core classroom Ops :-).   Professors Harry Chernoff and Kristen Sosulski have made this class possible.  They hold another popular class at Stern, Operations in Panama, in which you spend time dissecting the Panama Canal on location.

One reason emphasized for getting into business school is you broaden your horizons and perspectives. Only a few weeks into this class, I have realized the enormous complexity and importance of the hidden supply chain which keep businesses ticking, and how it impacts the front end customer service.
Operations is cool! There, I said it.

The case for Case Competitions

Hello Everyone!

The first semester is almost at end.  Having gone through a whirlwind of classes, exams, club activities and recruiting events this entire time, my previous job seems like a lifetime ago now.  However, given a chance I would repeat it all again, and I am already planning on doing all the things I missed, next semester.

To this point, I feel one of the best learning experiences at business school are the different case competitions.  In addition to applying some of the newly learnt concepts to realistic business simulations, you get a feel of the work culture of the company which is running or sponsoring the competition.

Just this past week, NYU Stern hosted the finals of the Amazon.com Innovation Competition.  This was different from some of the other case competitions, as we had to pitch a new venture that Amazon could get into, instead of solving a specific business problem.  We were given three weeks to submit a 4 – 6 page proposal.  The three best proposals were then selected by Amazon, and the teams were to present their ideas and field questions from Amazon’s senior executives, at the finals.

I partnered with four first year friends, and we came up with Amazon “Box”, a personalized product discovery model for luxury products; piggybacking on the current popularity of sample subscription boxes, while leveraging Amazon’s customer database and its Prime program.  Even though we had formed our team at random, we realized our diverse backgrounds ranging from Advertising, Venture Capital to Tech startups gave us an end to end skillset while building the proposal.  One of my own takeaways was learning how to do cohort analysis for subscriber attrition rates in the e-commerce industry (and it wasn’t even in a class!).

We were one of the teams selected for the finals.  At the Q&A, we were challenged on a number of facets of our idea, which I felt we were able to defend.  The overall feedback was that our idea was quite logical and practical to implement at Amazon.  In the end, we won the first place, and an invite to meet Amazon execs at their Seattle office to discuss our business idea.

I feel that by participating in these competitions at Stern, I am gradually learning how to better evaluate and find holes in an idea, analyze its potential downstream impact and convey the message better.

I recommend everyone try competing in at least a few.  You might inadvertently come up with the next Amazon!

Cheers everyone, while I try to be brief in my next post.

Aditya