Ideas to Innovation: One idea. Three paragraphs. Fifty-thousand dollars.

GMAC, the company that owns the GMAT, is looking for your ideas on how to transform graduate management education, with the goal of turning the best ideas into active innovation. Open to individuals or teams of up to five people worldwide, the challenge asks simply: What one idea would improve graduate management education? If you have a great idea, submit it. The best proposals will be those that can show the biggest impact on management education in either a specific world region or globally, and those that can be most easily replicated or taught to others. Hurry! All entries must be submitted by Friday, October 8, 2010 at 11:59:59 pm EDT.

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