1. E&A’s Innovation Programme
What is iP3
E&A’s Innovation Programme

2. You have heard of the idea sourcing campaign from Mahindra
And from the Economic Times

3. To solve some of the biggest challenges ideas are invited from citizens
Because…….

4. Everyone is innovative
Similarly, iP3 is about crowdsourcing ideas from employees across E&A

5. Innovation is the oxygen for enterprises
Antonio Tajani –VP European Parliament

6. We need to be innovative if we are to achieve different results.

7. Name : iP3(Higher Performance,Productivity,Profits)
E&A’s Innovation program- iP3
Name : iP3(Higher Performance,Productivity,Profits)
Mascot :
Logo :
Logo :

8. A common understanding of innovation
“Innovation is the profitable implementation of ideas.”

9. Primary objectives of our strategic innovation programme
Develop employee intrapreneurs
Accelerate implementation of new business ideas worthy of pursuing
Improve and expand current range of products/solutions and processes
Help build climate and culture of innovation as per our “Innovation Charter”
Become a leading “Innovation Brand” for products and services in the markets L&T E&A serves and new markets it may serve

10. Key features Ideas from every employee IT enabled workflow
Trained resources to act as catalysts
Business Head participation in the process
E&A i-Council, with renowned external innovation practitioners to facilitate new, breakthrough ideas.
Experimentation for all ideas
Idea owners should necessarily be part of experimentation team
Rewards and Recognition

11. Ten types of innovations
Innovative ideas in any of the ten areas
STRATEGY
Business Model
Networks and Alliances
PROCESS
Enabling Process
Core Process
PRODUCT
Product Performance
Product System
SERVICE
7. Service
DELIVERY
Channel
Brand
Customer Experience

12. A simple process Submit your idea on the portal Form a team
Fill up the idea brief on the portal
Team pitches to SBU Head
SBU Head sponsors potentially big impact ideas at the E&A Innovation Council.

13. The iP3 portal

14. 52 cleared for implementation
Progress of iP3 82
presented
to SBU
504
Idea flashes
52 cleared for implementation
22 in the I -council
3 launched

15. Participants get an opportunity to showcase their projects at
L&T’s Navodaya contest
National innovation forums of CII and similar organisations
Frost & Sullivan
Thomson Reuters …

16. Companies achieving competitive separation will be focussed on ‘next practices’, not best practices
C.K.Prahlad

17. Be a part of it!
Teams making pitches
Meetings of Innovation Council

18. Thank You!