The Golden Peacock Awards Secretariat (GPAS) has great pleasure in inviting applications for
The Golden Peacock Innovation Management Award.

If Indian corporations are to leverage human capital for competitiveness, much will depend on their ability to nurture knowledge
and entrepreneurship. Entrepreneurship gets nurtured in those enterprises where the structure is simple, informal
and flexible; the leadership is strong and charismatic and employees are imbued with a sense of mission and the culture
for innovativeness exists.

Innovative Precepts

In tomorrow’s world, the hallmark of winning organisations will be the ability to solve the challenges of entrepreneurship
and knowledge in tandem.

Innovation will not flow if its channels are overly constrained or if it is perceived as suitable only for narrow isolated
functions. Innovative thought processes should be regarded as potentially valuable and eligible for application in every dimension
of business of a corporate- finance, marketing, product development, manufacturing, purchase, public relations and
corporate communications and the rest. Superior innovative ideas continually await birth and implementation.

Technological Innovations

The rules of business success have changed and innovation has emerged as a tool for gaining and maintaining competitive advantage. Organisations can become innovative by channeling the flow of creative talents of all individuals in the right direction and through top management focus encourage risk taking, teamwork, free flow of ideas as well as provide opportunities for new learning.

While invention requires greater degree of free-wheeling, innovation requires disciplined professionalisation. The need is to be innovative on the right things in the right areas at the right time, to mix the proven and the novel so as to attain an optimum, harmonious ensemble. Innovation must be combined with wisdom stemming from experience, and, for new ideas to yield maximum gains.

The Awards

The Golden Peacock Innovation Management Award is awarded annually. Each winner receives a trophy together with a certificate. The winner may use the Golden Peacock Innovation Management Award logo on all printed and promotional materials for a period of upto three years. Some of the finalist organisations may also be awarded a commendation by the jury. The Golden Peacock Innovation Management Award would be given separately for different industrial sectors under manufacturing and service organisations, in the following two categories.

Large Enterprises : Annual Turnover - 300 crores & above

Medium and Small Enterprises : Annual Turnover - less than 300 crores

Eligibility

Manufacturing or Service organisations or divisions of organisations (self accounting profit/cost centres) in the private and public sectors and government organisations operating in India may participate in the ‘Golden Peacock Innovation Management Award’. The operations of the organisation must be carried out independently, meaning that responsibilities, authorities, results etc, are clearly defined. This must be documented, for example, in the annual report, organisation plan or equivalent.

The operations of the applicant must reasonably correspond to all the Award criteria that can be verified at the time of evaluation.

Rules and Regulations

• GPA reserves the right to award more than one award each year in each cateogry and also to withhold award if the required standard is not met.
• GPA accepts no liability for any loss or change resulting from the disclosure of information concerning an entry, though all reasonable precautions will be taken to maintain secrecy.
• GPA cannot undertake to return documents or supplementary material submitted with an entry.
• GPA reserves the right to alter the Award Scheme.
• The decision of the National Chairman of the Award Council, on the recommendations of the Award Jury is final and no appeal or correspondence will be entertained.

Non-Disclosure and Confidentiality

Names of applicants, commentary and scoring information developed during the review of applications are regarded as proprietary and are kept confidential. Such information is available only to individuals directly involved in the assessment and administrative process.

The Golden Peacock Awards Secretariat will take all reasonable precautions to ensure that applications and information therein are treated in strict confidence. However, in no way Golden Peacock Awards

Secretariate can be held responsible for any loss of confidentiality to a third party, nor held liable for any damage (to goods or persons, financial loss or consequential) incurred through the breach of confidentiality or otherwise by the applicants or any third party.

The Golden Peacock Awards Secretariat reserves the right, subsequent to the Award Presentation to publish salient details of the Innovation methods / modules/Quality Improvement Schemes of the Award Winners, as a step towards sharing of knowledge.

Fee

The application fee is as under:

(a) Large Enterprises and Medium & Small Enterprises : Rs. 39,500/-
The fee should accompany your application, in the form of demand draft/cheque in favour of ‘Institute of Directors’, payable at New Delhi.

Shortlisted applicants, whose sites may have to be visited by a representative of the jury, shall bear theactual cost of such visit.

All entries should be addressed to :

GOLDEN PEACOCK AWARDS SECRETARIAT
IOD House
M-52 (Market), Greater Kailash-II
New Delhi-110048
INDIA

Tel: +91-11-41636294, 41636717
Fax:+91-11-29217475
Mobile: 00-91- 9811135151

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it , This e-mail address is being protected from spambots. You need JavaScript enabled to view it

It looks for innovative culture in a learning organization, and as to how successfully the innovations are being nurtured.