My arrival to NYC was quite unexpected one and different from everyone. I would not be writing anything about it as everyone already knows about it.
Day 1: May 20, 2014
Unfortunately, I missed the first day of this module, which was ‘Equipping Managers for NYC’s Innovation Ecosystem’ and had to go through the material by my own. My friends were also very helpful to explain me the material when I had doubts. The session started by explaining what ecosystem is about and what major actors are involved. It then focused specifically on NYC then, specifying how venture capital activities are on the rise.
Day 2: May 21, 2014
COMMERCIALIZING INNOVATION: PLANNING, LAUNCHING & EVALUATING NEW VENTURES
The day started with a great session by Alejandro Crawford and Brian Gerski, stating the advantages of starting a Innovation project in NYC. An in-depth discussion on the advantages and challenges in digital age was done, market, growth, product offerings, business model were some of the areas of discussion. One of the most important lessons from this session for me was when they were talking about market driven innovation. Startups do not fail because of not innovating according to the market’s need, but because they are not able to build a bridge between technology and management. Avery good and innovative idea may fail if this bridge is not present in a team or a company.
Mr. Kulper explained us how the recruitment process works and what the employer looks for while hiring employees. He also told us how to be mentally prepared for an interview, meaning that how to give your first impression to the employer.
Day 3: May 22, 2014
Mr. Aaron Foster from the company gave us the insights of the industry, how it works and how Pfizer particularly operates and focuses on emerging regions. He also showed us some data from a competitor analysis study, which mainly showed the means of operations chosen by different companies in different regions of the world. Pfizer mainly focuses on innovation.
Friedman Kaplan Seiler & Adelman LLP
The law firm gave us a presentation on FCPA (Foreign Corrupt Practices Act), which explained the importance of the act and how different countries are now adopting similar laws.