The Innovation Quest
Essar Oil, India: The Innovation quest
With the never ending process of innovation being instilled in the DNA of the organisation and our people being our most important asset, an organisation wide competition was launched to harness untapped potential. With the theme “One Idea can change the World and it could be yours”, innovative solutions to six key business challenges were sought in FY2013.
The competition generated a lot of enthusiasm and 412 ideas were registered, of which 97 were short listed for extensive evaluation. Mentors were introduced at this stage and provided support, created awareness and helped to refine the ideas. Subsequently, 22 finalists were chosen and made presentations to a jury panel, which included LK Gupta, MD of Essar Oil, who assessed the ideas for their true potential on the basis of parameters such as benefits to the organisation, feasibility of implementation, ease of adoption and resources required for implementation. 11 winners were chosen by the jury panel and were awarded prizes.