RHT Consulting and Hult International Business School Students Perform Benchmark Analysis for Technology Transfer and Commercialization
June 17, 2011 - LEESBURG, Va. - RHT Consulting, a leading provider of strategy consulting services in the Life Sciences industry, has developed a new technology transfer and commercialization benchmarking framework. This framework has been applied by RHT Consulting and Hult International Business School students to more than 140 Universities.
The team was led by Rosemarie Truman of RHT Consulting and was comprised of six international students from Hult: Amit Chopra, Nikhil Chaudhary, Sipi Krishna, Mauricio Rincon Cetina, Rahul Papali and Jinwin Josey. The team also included an RHT Consulting senior consultant, Jonathan Lui, who served as the project manager. The team's goal was to identify the leading practices that make a technology transfer organization successful.
"Multiple performance management frameworks have been created to benchmark technology transfer organizations over the years. While many of them have important individual elements, there has never been a comprehensive model created that measures effectiveness, 'what is done'; efficiency, 'how it is done'; and overall ROI," said Rosemarie Truman, Founder and CEO of RHT Consulting. "RHT Consulting developed such a model, and the talented team from Hult worked extensively to apply and enhance RHT Consulting's performance benchmark for technology transfer. The outcome was a quantitative assessment of ‘best in class' and ‘worst in class' technology transfer organizations. The team then identified what makes the best superior and what to avoid in the inferior organizations. Their findings provide valuable leading practices that can serve as a guide to make technology transfer organizations more successful."
"Our team was very enthusiastic about executing this technology transfer project, and each team member had a valuable learning experience," said Amit Chopra, project team lead and Hult MBA candidate.
Observations from the benchmark analysis will be published in a whitepaper at a later date in 2011.
About RHT Consulting
RHT Consulting provides strategy consulting services focusing on growth breakthrough and subsequent transformation for the Life Sciences industry. With 18+ years of experience, the RHT Consulting leadership has been the trusted advisor to for ~5% of the Fortune 500 and 10% of the Fortune 50. RHT Consulting has unrelenting commitment to create fact-based insights and recommendations that create breakthrough value for clients. Ms. Truman currently has three patents pending on "growth breakthrough" innovation, tiered transformation strategies, and financial modeling. To learn more, visit http://www.rhtconsulting.com.
About Hult International Business School
Hult International Business School (formerly known as the Arthur D. Little School of Management) is the first global business school with campuses in Boston, San Francisco, London, Dubai, and Shanghai. The School offers a range of business-focused programs including MBA, Master and Undergraduate degrees. Hult's one-year MBA program is ranked in the top 30 in the world by The Economist and among the top 100 by the Financial Times. For more information, visit http://www.hult.edu.