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APPLYING THOUGHT…. WIPRO <br />WIPRO AND INNOVATION<br />WIPRO<br />
Objectives of the Case…<br /><ul><li>To study the innovation process and strategies at Wipro
To determine the benefits that Wipro derived from the innovation process</li></li></ul><li>About the Founder:<br />Hasham ...
 quality frameworks
 service delivery innovation.</li></ul>“INNOVATION IS WIPRO - WIPRO IS INNOVATION”<br />Why is innovation important at Wip...
DIVERSIFICATION<br />1947 - Vegetable Ghee & Soap<br />1975 – Hydraulic cylinders and Pneumatic cylinders<br />1980 – IT B...
SUBSIDIARIES<br /><ul><li>Wipro Fluid Power
 Wipro Consumer Care & Lighting
 Wipro InfoTech
 Wipro Technologies
 Wipro GE Medical Systems Ltd.
 Wipro Health Science
 Wipro e-peripherals</li></li></ul><li> CERTIFICATIONS OF WIPRO<br />Six Sigma Certification<br />CMM Level 5 Certificatio...
INNOVATION IN WIPRO<br />Approach  by Wipro <br /><ul><li>Theme - Fast forward into the future
Line extension projects –  Newer practice areas within divisions
Breakthrough projects –  Newer business areas </li></ul>The Process<br /><ul><li>Every idea needs to go through an evaluat...
Innovation council decides the </li></ul>movement through the gates <br />
INNOVATION@WIPRO: TECHNOLOGY & BEYOND<br />Innovation Focus<br />
STRATEGY OF INNOVATION<br />                                  Quantum<br />                  Catch Up                     ...
Business Excellence-<br />Advantage-Stakeholder<br />Advantage-Customer<br />Satisfy Our<br />Promise Statement<br /> to C...
INNOVATION  THEMES<br /><ul><li>Home Networking
Content Commerce
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Wipro 17thoct 2008

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  • Innovation is a new element introduced in the network which changes, even if momentarily, the costs of transactions between at least two actors, elements or nodes, in the network.
  • Transcript of "Wipro 17thoct 2008"

    1. 1. APPLYING THOUGHT…. WIPRO <br />WIPRO AND INNOVATION<br />WIPRO<br />
    2. 2. Objectives of the Case…<br /><ul><li>To study the innovation process and strategies at Wipro
    3. 3. To determine the benefits that Wipro derived from the innovation process</li></li></ul><li>About the Founder:<br />Hasham Premji <br />Azim Premji<br />About Wipro:<br />Global Service provider<br />Wipro’s Business values<br /><ul><li> process excellence
    4. 4. quality frameworks
    5. 5. service delivery innovation.</li></ul>“INNOVATION IS WIPRO - WIPRO IS INNOVATION”<br />Why is innovation important at Wipro?<br />Gain acceptance in the global market <br />Differentiate itself from the rest of the companies<br />Azim H. PremjiChairman, Wipro .<br />
    6. 6. DIVERSIFICATION<br />1947 - Vegetable Ghee & Soap<br />1975 – Hydraulic cylinders and Pneumatic cylinders<br />1980 – IT Business<br />1991 – Lighting & Baby Care Products<br />
    7. 7. SUBSIDIARIES<br /><ul><li>Wipro Fluid Power
    8. 8. Wipro Consumer Care & Lighting
    9. 9. Wipro InfoTech
    10. 10. Wipro Technologies
    11. 11. Wipro GE Medical Systems Ltd.
    12. 12. Wipro Health Science
    13. 13. Wipro e-peripherals</li></li></ul><li> CERTIFICATIONS OF WIPRO<br />Six Sigma Certification<br />CMM Level 5 Certification<br />PCMM Level 5 Certification<br />TL9000 Certification <br />
    14. 14. INNOVATION IN WIPRO<br />Approach by Wipro <br /><ul><li>Theme - Fast forward into the future
    15. 15. Line extension projects – Newer practice areas within divisions
    16. 16. Breakthrough projects – Newer business areas </li></ul>The Process<br /><ul><li>Every idea needs to go through an evaluation gate process
    17. 17. Innovation council decides the </li></ul>movement through the gates <br />
    18. 18. INNOVATION@WIPRO: TECHNOLOGY & BEYOND<br />Innovation Focus<br />
    19. 19. STRATEGY OF INNOVATION<br /> Quantum<br /> Catch Up Game Changer <br />Reactive<br /> Problem Solving And fixes New Solutions<br /> Incremental<br /> Proactive<br />
    20. 20. Business Excellence-<br />Advantage-Stakeholder<br />Advantage-Customer<br />Satisfy Our<br />Promise Statement<br /> to Customer<br />Create Own &<br />Exploit Intellectual<br />Properties<br />Tight Coupling of<br />Initiative to Business<br />Needs for Ensuring <br />Top Management<br />Exciting Rewards <br />& Recognition<br />INNOVATION <br />CLOCK<br />Top Management<br />Focus and <br />Tolerance for<br />Mistakes<br />Creation of<br />Innovation<br />Framework<br />Sharp Focus<br />Through<br />Identification of<br />Themes<br />Adherence Top<br />Gate Process<br />Reviews<br />Idea Generation/<br />Idea Capture<br />Mechanism<br />Resource<br />Commitment-<br />Dedicated Full Time <br />Resource<br />Customer<br />Validation of <br />Ideas<br />
    21. 21. INNOVATION THEMES<br /><ul><li>Home Networking
    22. 22. Content Commerce
    23. 23. Collaboration & Knowledge Management
    24. 24. Wireless</li></li></ul><li>GATEWAYS FOR EVALUATION<br />Set up of INNOVATION COUNCIL (IC)<br />Five levels of screening-Gateways For Evaluation.<br />Idea gate<br />Evaluation gate<br />Commitment gate<br />Development gate<br />Volume gate<br />Gate 5<br />Part of Business<br />Gate 4<br />Customer Pilot<br />Gate 3<br />Investments<br />Gate 2<br />Business Plan<br />Gate1<br />Idea Evaluation<br />Gate 0<br />Idea generation<br />26 ideas<br />8 ideas<br />8 projects<br />8 ideas<br />480 ideas<br />40 ideas<br />
    25. 25. GESTATION PERIOD<br />Total time for an idea to be commercialized - 18 months<br />0-6 months- evaluation from all angles<br />6-12 months -allocating funds and resources.<br />12-18 months- commercialization<br />
    26. 26. THE ROLE OF MANAGEMENT <br />INTRANET<br />INNOVATIVE TEAMS<br />WORKSHOPS<br />
    27. 27. THE ROLE OF MANAGEMENT<br />TECHFORUM<br />INNOVATION CENTER<br />RESEARCH AND DEVELOPMENT CENTERS<br />
    28. 28. FUTURE PERSPECTIVES<br /><ul><li>Achieve goal of being one of the top 10 IT company.
    29. 29. Enter into consultancy services.</li></li></ul><li>INNOVATE PRODUCTS …<br /><ul><li>Home gate way software.
    30. 30. Flow- brix.
    31. 31. I- desk.</li></li></ul><li>Where Wipro Stands Today !<br />Innovation projects on across Business Units. <br />More than 50 CoE.<br />500 dedicated people working in projects.<br />Innovation Initiative has contributed to 5% of Wipro’s revenues in 2005-06<br />Awards won in 2005-06<br />
    32. 32. BENEFITS DERIVED FROM INNOVATION<br />Top IT player<br />Benefits due to automation<br />Enhanced customer service<br />Knowledge management<br />Collaboration with external environments<br />Early embracing of new technology<br />Acceptance in global market<br />
    33. 33. BENEFITS DERIVED FROM INNOVATION<br />Financial gains<br />Good revenue streams<br />Improved service levels<br />Framework for idea generation<br />Innovation Council and Centre of Excellence<br />Increased employees’ competencies<br />Streamlined processes<br />
    34. 34. CASE SUMMARY… <br />Applying thought<br />Diversification<br />Innovation process<br />Role of management<br />Innovative products<br />Future prospects<br />
    35. 35. Presented By:- Group 1 MBA(HR) 1st year<br />
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