2. Presentation Goal To illustrate the innovation process through which Purnima Trivedi and her team developed an award winning business diversification model for an Aircraft Manufacturer’s MRO division. MRO: Maintenance, Repair and Operating inventory
47. Most turbine manufactures provide MRO services during warranty period
48. 79% of wind turbines still under warranty in 2009… increasing demand for wind turbine MRO services
49. Analyzing the industry further… Wind farm owners and operators Assembly, installation and MRO Components supply ... highly segmented industry with low vertical integration
50. A business idea ready… … diversification into wind turbine MRO
51. Yet the team was confused and in trouble … … our business idea needed a business plan
52. A solution was delivered … … Purnima provided a business plan structure
53. A winning formula … Client Our efforts Proposed partners Regional customer base Brand recognition Wind turbine MRO know-how 3 Ts Composites and mechanical know-how Aerodynamics R&D capabilities Component suppliers & original equipment manufacturers Global reach The real moment Aha! ... for a complete business plan with implementation and contingency plans, ready for testing
54. The Result… Aha! Ranked #1 in international innovation competition. Most importantly, a happy client.