The paradigm shift of simultaneous liberalisation and globalisation, one or the major challengesbefore Indian companies is to enhance their competitive capabilities. The Indian corporate sector needs to undergo a renaissance. The key ingredient of such a renewal is innovation. This year, 22nd National Competition for Young Managers organised by All India Management Association aptly had for its theme: ''Innovation for Corporate Renaissance''. Nearly 70 teams representing government, public and private sector registered for the competition from all over India. The presentations contained in this volume were made by the eight teams competing for the finals and address several dimensions of innovation, sharing successful experiences. The findings and recommendations of the best eight teams supported by wealth of data represent a significant contribution to management thinking.'