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DPQ Innovation:1st Bi-Annual Golden Ferrups Award

David Windsor / Stefan Coote

Summer 2013

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The Golden Ferrups

Mission:The Golden Ferrups is a product management competition designed to promote new product innovation, cross-regional collaboration, and bring new market opportunities to the forefront in the <20kVA market

Vision:The Golden Ferrups will be successful when it sparks collaboration across teams, engages PMs to think about the future and is held at least twice a year

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The Competition

• Ideas and Designs must be related to one or more category:• Single Phase UPS category• SMDC category• Sky’s-the-limit category• NO UPS ALLOWED category• Services category

• Submissions can be• New product designs (eg: PDUPS) • Improvement on components / functions within an existing product line (eg:

talking UPS) • Completely new ideas

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The Rules

Light hearted rules that encourage disruptive ideas and innovation without fear of being shot down

• Encourage exploring every idea – no idea is too simple• Must answer the questions: Do we have a market? What problem

does it solve?• Must present the idea to the team

• Ideally at the PLM meetings each time• Teams can work on ideas on the run-up to the meetings

• Judged based on overall merit and to encourage further ideas, rather than purely business potential

• Cross-boarder teams and Cross-functional teams get extra credit

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The Prize

The Golden Ferrups Award

For the business:• Helping to nurture our innovation culture• Encouraging cross-boarder collaboration• Ultimately: A long-lasting, “industry leading”

technology that has no competitor

For the team: • A Token for each team member for the

winning idea each year• Something meaningful to give some

motivation• E.g. A weekend away with their partner, iPad

etc

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