F&B
Ideathon
The client’s ‘Dare To Do More’ challenge is a legacy program to offer the best and brightest students, globally, a platform to bring one big idea to the table. The ideathon challenge typically has a social or environmental element to it, along with a business impact. This year’s theme was ‘innovation.’
An online assessment test was the first stage of the ideathon, taken individually by each team member to qualify for the next stage. A maximum of 50 teams from each country qualified for the next round based on the scores achieved in the assessment round.
The shortlisted teams worked on a PowerPoint presentation (PPT), suggesting a disruptive trend in the food and non-alcoholic beverage market. The idea was marked on its creativity and needed to have a business proposal, financial strategy plan and a strategy for its integration into the client’s current product portfolio. The presentation had to cover an end-to-end product cycle, a go-to marketing strategy and a brief marketing plan.
After the presentation submission, virtual interviews were conducted to shortlist the participants for the virtual country finale with company’s sector leadership team, including the CEO for Africa, The Middle East & South Asia.
Country finalists were required to further develop their idea by adding depth and details, such as investment required, projected revenue, projected return on investment, risks and potential long-term success for the company.
The winning team from each country presented its idea to the company’s sector leadership team. The winning team won an international stint at Dubai and a trip to New York to meet the company’s global leadership.
The F&B giant has consistently looked to break the wheel with its consumer-friendly products. A rapid change in customer demographics is also altering their lifestyle and consumption choices. To keep up with the changing trends, the company opened the ‘Dare To Do More’ challenge to the global community of students to find that one innovative product or process.
The company wanted to understand the future generation’s outlook, and the direction in which the consumer world was heading, through the course of this challenge. Ultimately, the rationale was to bring the best minds together for idea-sharing and collaboration with the company’s global leadership team and work toward making it a more futuristic brand.
While the ‘Dare To Do More’ challenge is a few years old, the company needed a fresh perspective for the innovation theme – part of it meant breaking away from the erstwhile platform and making way for the new.
It needed a platform to meet the robust nature of the challenge and to address all the inefficiencies of the former platform:
The company needed an efficient platform to automate some of the internal processes, keep up with its dynamic working environment, and a team that was on the same page as the its planning. Since the young student community played an active role in the challenge, the company needed a flexible platform that could accommodate the changing needs of the virtual event.
Mercer | Mettl had already been a great assessment partner to the F&B giant. Thus, it was easy to trust Mercer | Mettl’s ideathon platform, team and technological prowess.
The client’s ‘Dare To Do More’ challenge was spread across two countries, consisting of 5000+ students and 35+ colleges.
It needed a stable platform with varied features to propel automation and an in-depth data analysis to execute the event at such a scale. Data analytics was the most significant pain-point for the client, and Xathon managed to stand out among the benchmarks laid out by the company. Xathon’s ability to capture data in real-time and present it in a visually appealing format was one of the high points of the partnership between Mercer | Mettl and the client.
The customization of features provided by Mercer | Mettl empowered the client to understand the system’s capabilities. Mercer | Mettl’s team catered to all last-minute changes and offered additional customizations on-the-go with a quick turnaround time as the competition shaped up, and unanticipated requirements sprang up.
Mercer | Mettl’s Xathon helped the client at every stage of the virtual challenge:
Xathon provided the perfect mix of an easy-to-use platform and a goal-focused team to help the client execute a successful event. The platform enabled participants to generate ideas and build prototypes in a customizable environment. The client was able to invite thousands of participants without worrying about the logistical hassles.
“In any partnership like this, which is long-term, which is a process still in development, it is important to have an open dialogue about what we want versus what we can get in the time at hand. Mercer | Mettl gave us tremendous confidence in this respect. We were very satisfied and comfortable working with Mercer | Mettl. Great turnaround time, great communication when delivering on their commitments. I really appreciate their presence of mind and support.”
A mutual passion for innovation bought the global F&B giant and Mercer | Mettl together on a successful journey. For the upcoming editions of the challenge, the client wanted to start the conversations well in advance to leverage the platform to its full potential.
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