4th Annual MIT Sloan eBusiness Awards open for nominations
Cambridge, Mass., November 1, 2001 - The MIT Sloan
eBusiness Awards (eBAs) will begin accepting nominations for its 4th
annual awards program honoring successful innovations in eBusiness
starting November 1, 2001 and closing January 15, 2002. The MIT Sloan eBAs
will be presented on April 17, 2002 at the Massachusetts Institute of
Technology's Kresge Auditorium and will highlight an extended three-day
conference sponsored by the Center of eBusiness at MIT. The MIT Sloan eBA
event is produced and managed entirely by MIT Sloan School students as
part of the School's eBusiness at MIT program.
“The MIT Sloan eBAs are the only event in the world
where leaders in business, academia and business journalism determine and
recognize outstanding achievements by companies and individuals who have
made innovative contributions in eBusiness,” said Matthew Rhoden, a Sloan
School of Management student and co-producer of this year's Awards. “By
opening nominations to the public at large, we ensure all candidates will
be considered on their merits and the contributions they have made to the
enrichment of business practices worldwide.”
Awards Highlight 3-Day eBusiness Conference
Building on the success of the past three Awards and to further meet the
needs of eBusiness professionals, the Sloan School has this year developed
an extended three-day conference that will include speaking panels and
workshops focusing on the today's eBusiness issues and agendas for
“The conference will include speaking tracks and panel
discussions on a range of eBusiness topics, including case studies of
successful practices engineered by mainstream businesses,” noted Jay
Livens, Sloan School of Management student and Awards co-producer. “In
addition, MIT/Sloan School of Management students and faculty will deliver
new eBusiness research.”
The Nominations Process
A company may be
nominated by anyone in any category, so long as they meet the category's
predetermined set of criteria. Nominations are submitted by completing a
simple form on the MIT Sloan eBA website. Nominations for the 2002 eBAs
will be accepted in the following categories:
- Business of the Year: The MIT Sloan eBAs recognize companies that
have successfully achieved excellence in technology innovation. In
particular, the Business of the Year award recognizes that company
that has best-demonstrated innovation, vision, and industry
leadership over the past year.
- Innovator of the Year: Individual contribution from entrepreneurs,
technologists, venture capitalists, academics, and other business
leaders often fosters innovation. Over the years, these practitioners
and thought-leaders developed creative ideas, pioneering technologies,
innovative business models, and original theories that have fueled
significant growth in a number of industries. This award honors the
individual whose contribution facilitated innovation and had a
significant impact within and outside of his organization.
- Social Responsibility: This award recognizes an organization that
has demonstrated its commitment to improving society through the use
of an innovative product, service, technology, or business practice.
Potential applicants include for-profit and non-profit organizations
that have implemented innovative, sustainable programs impacting
peoples' lives and the communities in which they live.
- Business Transformation: Increasingly our world is immersed in
intense technological, financial, and political changes that are
reordering the rules governing business competition. To be competitive
in business today, companies need to continually transform themselves.
The introduction of new technologies makes devising a comprehensive
strategy much more complex. This award recognizes a company that has
successfully enhanced its strategy to respond to, or take advantage of
evolving business conditions.
Examples include companies that have:
- Created a new market or a new way of doing business OR
- Sharpened competitive advantage in an existing market.
- Rookie of the Year: This award recognizes the emerging business
best positioned to generate explosive growth. The Rookie of the Year
should have an innovative technology or business model, which will
allow them to quickly enter or create a market, and acquire market
- Disruptive Technology of the Year: Throughout history, companies
have introduced various technologies that have truly changed the way
human beings do things. Some of the more obvious introductions include
the airplane, the cell phone or, of course, the Internet. As these
technologies have so greatly impacted our daily lives since their
introduction, they are labeled as “disruptive” technologies. The
Disruptive Technology of the Year award recognizes the technology that
has begun to, or has the potential to, positively disrupt our daily
New for 2002 are the
Secondary Awards categories. Special juries made up of industry leaders
will be selecting the winners in these categories. The secondary awards
- Communications Technology: The Communications Technology sector
has played perhaps the most critical role in the Internet age.
Breakthrough technologies such as optical-networking, DSL and Ethernet
have served as the nuts and bolts for today's high-speed,
high-capacity and high-reliability communications service networks.
This award recognizes a company that has most significantly impacted
the communications sector over the past year, both by acting as a
“best of breed” product for today's communications service providers,
as well as pushing the envelope of tomorrow's leading communications
- Health Care: The health care industry is one of the most complex
and dynamic. Traditional industry players are being challenged by more
technologically nimble companies who are leveraging technology to find
new therapeutics, design better diagnostics, and dramatically cut the
development time for new drugs. Incumbents are reacting quickly to
this dynamic, and innovating more rapidly than ever before. This award
recognizes innovation in the health care industry.
- Internet Services: Today, the Internet is playing an increasingly
important role in business transactions and in everyday life. This
award recognizes a company that has innovatively leveraged the
Internet to creatively serve its customers.
- Media/Entertainment: The Media and Entertainment community is a
vibrant part of the economy and has a strong reputation of fostering
breakthrough technology. This award recognizes a company that has
successfully adapted its strategy to an innovation having a direct
impact on its operations during the course of the past year.
- Operations: The manufacturing community is becoming increasingly
innovative in improving its operations. This award recognizes a large
company that has successfully adapted its operations strategy to
improve its efficiency in manufacturing during the course of the past
year. This company should have revenues of at least $500 million.
- Financial Services: The financial service community has always
been a leader in introducing innovation. This award recognizes the
financial service firm or organization that has demonstrated
innovation leadership during the course of the past year. This company
should have revenues of at least $250 million.
About the Awards
The MIT Sloan eBAs were
founded in 1999 to recognize and award successful innovation in eBusiness.
The awards, which are entirely student run, have quickly become the
premier event recognizing global innovation and leadership in the field of
eBusiness. This reputation is largely due to the support and sponsorship
of leaders in the academic and business communities. Previous sponsors of
the Sloan eBAs include Fleet, Scient, Dell, GM, Visteon, Nokia, Microsoft,
British Telecom, PriceWaterhouseCoopers and Merrill Lynch. Jury members
responsible for choosing the winners of past shows have included Michael
Dell, Bill Porter, the editors of Newsweek, Red Herring,
The Financial Times and Fast Company and the chairman and
CEOs of Nortel, BellSouth and Intel.
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