After growing Brandstorm
into one of the world’s biggest competitions for students with over
154,000 participants from more than 60 countries over the last 26
years, L'Oréal transforms its business game into a unique innovation
experience.
A 6-month innovation
contest
Entrepreneurship and innovation are two strong pillars of
L’Oréal’s identity. Thanks to Brandstorm, students will put
themselves in the shoes of startuppers. Their challenge? Innovate
first, in order to meet the actual needs and challenges faced by
L’Oréal.
This year, the 34,700 Brandstorm participants have been
challenged by L’Oréal to conceive the future of the hair salon
experience. During 6 months, the contestants will work in teams to
create a concept, confront their ideas and work on the feasibility of
their project.
A final round will gather all the finalists from
around the world in Paris, where they will take part in a Tech Fair
event and pitch their ideas in front of juries.
Keep attracting talents
from different horizons
Always looking for new talents, L’Oréal is particularly interested in entrepreneurial and groundbreaking profiles, talents who question the status quo and aim to evolve and reinvent constantly.
“With students diving into real
work conditions for several months, Brandstorm enables us to identify
key skills, such as open-mindedness, persistence or the ability to
work in a diverse group,” says Jean-Claude Le Grand, Senior VP,
Talent Development and worldwide Diversity Officer.
Participants are encouraged to see the challenge as multi-dimensional and to compete for multiple awards in three categories: marketing, technology and CSR.
Another new feature has been added in 2018 to
support the teams’ diversity: the game is now be open to every
university, thus allowing students from different fields and areas of
expertise to meet.
A long-term approach to
learning
From the students’ perspective, working on innovation in a test and learn mode is increasingly attractive: the number of candidates for the Brandstorm adventure has more than doubled in the last two years.
What’s more, Brandstorm is a genuine learning
process during which L’Oréal provides participants with exclusive
educational resources and personalized coaching from L’Oréal’s
professionals and partners.
Source: L'Oreal
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