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GENERAL
The Golden Peacock Awards Secretariat (GPAS) has great pleasure in inviting applications for the ‘Golden Peacock Innovative Product / Service Award.
Innovation is going to be the key for business success in the new millennium. ‘Innovation’ is to ‘knowledge economy’ what ‘efficiency’ was to ‘industrial age’. Wealth in the new century is not going to be created by optimization but by innovation. Most of products that we use today have already reached a stage of maturity and 90% of these will disappear in the first 10 years of the 21st Century. Our cars, houses, clothes, TVs, Computers, phones and even food are going to be changed in ways we cannot even imagine today. All this is grist to innovator’s mill. Innovation will be the key competitive differentiator in the 21st Century.
In a world where knowledge is growing exponentially and products are becoming obsolete, the challenge of innovation is irresistible and restless. Innovation is no danger an option. Company would either innovate or get perished. Change- economic, social or political- is the biggest threat to business today. It could be devastating if ignored or not anticipated. On the other hand, if it is tapped properly and timely it can offer the greatest opportunity even to the most fledging business, and act as the most powerful engine for growth. Innovation enables Corporations not only to survive but also to succeed.
Internet has created a Cambrian explosion of unlimited opportunity. Innovative products / services powered by computers, microchips and using the convergence technologies of mobile phones, e-mail and internet will bring a revolutionary change in our life style and in the world economy. The need is to constantly produce innovative products and services to satisfy even the unexpressed wishes and unarticulated needs.
CRITERIA
We believe that innovation is the only way to provide environmentally friendly products and services that will help us achieve “factor 10” improvements that are necessary to maintain the same quality of life in the new century. It has therefore instituted a special award called ‘Golden Peacock Innovative Product / Service Award’. This award will be given to a product or service, which shows a quantum jump in the exploitation of current technology to achieve maximum customer satisfaction at minimum cost. While calling for more sustainable pattern of production and consumption, it motivates to carry on their pursuit of excellence. The Award is designed to encourage systemic innovation in organization to make products and services required in the new century.
THE AWARD
The ‘Golden Peacock Innovative Product/Services Award’ named after India’s national bird the “Peacock” will be awarded every year to the most innovative product as determined by the satisfaction of customer’s long term unexpressed and unarticulated needs and aspirations in a most cost-effective manner which is consistent with the society’s goal of sustainable development. Each award winner would receive a Trophy together with a Certificate. The winners may use the “Golden Peacock Innovative Product / Services Award’ logo on their stationery and other printed and promotional materials for a period of one year.
The award would not only spark creativity and innovation throughout your enterprise but also is the surest route to your market leadership by helping you to thrive from the change and uncertainty that become the hallmark of the new age.
Eligibility
Products and services introduced by Government/Public/ Private Sectors, (covering research, manufacturing and services sectors e.g.) Research Organizations, NGO, Hospitals and Educational Institutions during the last five financial years are eligible for the Award.
Categories
The Golden Peacock Innovative Product / Services Award would be considered separately for the following categories of products / services sectors:-
-Eco-Innovative Devices
-Telecommunication / IT Sector
-Petroleum and Refinery
-Airline / Aviation Sector
-Education & Training Sector
-Pharmaceutical and Health Care Sector
-Food & Beverages and Agriculture Sector
-Automobile Sector
-Energy Sector (Incl renewables)
-Chemicals & Paints sector
- Fertilizer Sector
-Oil and Gas Sector
-Coal Sector
-Steel Sector
-Mining and Metallurgy Sector
-Cement Sector
-FMCG & Consumer Appliances Sector
-Hotel, Travel and Tourism Sector
-Infrastructure Sector
-Transportation including Shipping
-Banking Financial and Insurance Sector
-Entertainment Industry - TV/Film/Music Sector
-Social Service / NGOs
-Government Sector
- Electricals sector
-Engineering sector
-Gems / Jewellery sector
-BPO/ Media sector
-Any other Sector, as the jury deems fit.
Rules and Regulations:
- Products and services introduced during the last two financial years are eligible for the awards.
- Award Secretariat reserves the right to alter the Award Scheme.
- Award Secretariat reserves the right to award more than one applicants under each category each year and also to withhold awards, if the required standards are not met.
- Award Secretariat accepts no liability for any loss resulting from the disclosure of information concerning an entry, though all reasonable precautions will be taken to maintain secrecy.
- Award Secretariat cannot undertake to return documents or supplementary material submitted with an entry.
- Finalist Award applicants may be invited to make a brief presentation in the ensuing "International Conference on Corporate Governance" to share their experiences.
- The decision of the Awards 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 by Golden Peacock Award Secretariat and are kept confidential. Such information is available only to individuals directly involved in the assessment and administrative process.
Golden Peacock Award Secretariat will take all reasonable precautions to ensure that applications and information therein are treated in strict confidence. However, in no way can GPSA be held responsible for any loss of confidentiality to a third party. Moreover, GPSA cannot be 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.
Golden Peacock Award Secretariat reserves the right, prior or subsequent to the Award Presentation to publish salient details and methodology of the innovative Products / Services of the Award Winners, as a step towards sharing of knowledge and to encourage other organizations to undertake similar innovative measures in the national interest.
Fees :- The application fee for processing the above award is as under:
a. For Large Enterprises: Rs 39,500/-
b. For Medium & Small Enterprises: Rs 29,500/-
[The Cheque at Par / Demand Draft should be drawn in favor of Institute of Directors, payable at New Delhi]
All entries should be addressed to:
The Director General
Golden Peacock Awards Secretariat
IOD House
M-52, Greater Kailash – II (Market)
New Delhi - 110 048
Phone: 41636294, 41636716-17 Fax: 91-11- 41008705
E-mail:
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Website: www.goldenpeacockawards.com
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