Frugal Innovation

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Frugal Innovation

Author : Navi Radjou
Publisher : The Economist
ISBN 13 : 1610395069
Total Pages : 273 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Frugal Innovation by : Navi Radjou

Download or read book Frugal Innovation written by Navi Radjou and published by The Economist. This book was released on 2015-02-10 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frugal innovation is a way that companies can create high-quality products with limited resources. Once the preserve of firms in poor markets, Western companies are now seeking ways to appeal to cost-conscious and environmentally-aware consumers at home. With an estimated trillion-dollar global market for frugal products, and with potentially huge cost savings to be gained, frugal innovation is revolutionizing business and reshaping management thinking. This book explains the principles, perspectives and techniques behind frugal innovation, enabling managers to profit from the great changes ahead. The book explains: How to achieve mass customization, using low-cost robotics, inexpensive product design and virtual prototyping software. How consumers and other external partners can help develop products How to implement sustainable practices, such as the production of waste-free products How to change the corporate culture to become more frugal

Jugaad Innovation

Author : Navi Radjou
Publisher : John Wiley & Sons
ISBN 13 : 1118249747
Total Pages : 293 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Jugaad Innovation by : Navi Radjou

Download or read book Jugaad Innovation written by Navi Radjou and published by John Wiley & Sons. This book was released on 2012-04-10 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Jugaad Innovation is the most comprehensive book yet to appear on the subject [of frugal innovation]." —The Economist A frugal and flexible approach to innovation for the 21st century Innovation is a key directive at companies worldwide. But in these tough times, we can't rely on the old formula that has sustained innovation efforts for decades—expensive R&D projects and highly-structured innovation processes. Jugaad Innovation argues the West must look to places like India, Brazil, and China for a new approach to frugal and flexible innovation. The authors show how in these emerging markets, jugaad (a Hindi word meaning an improvised solution born from ingenuity and cleverness) is leading to dramatic growth and how Western companies can adopt jugaad innovation to succeed in our hypercompetitive world. Outlines the six principles of jugaad innovation: Seek opportunity in adversity, do more with less, think and act flexibly, keep it simple, include the margin, and follow your heart Features twenty case studies on large corporations from around the world—Google, Facebook, 3M, Apple, Best Buy, GE, IBM, Nokia, Procter & Gamble, PepsiCo, Tata Group, and more—that are actively practicing jugaad innovation The authors blog regularly at Harvard Business Review; their work has been profiled in BusinessWeek, MIT Sloan Management Review, The Financial Times, The Economist, and more Filled with previously untold and engaging stories of resourceful jugaad innovators and entrepreneurs in emerging markets and the United States This groundbreaking book shows leaders everywhere why the time is right for jugaad to emerge as a powerful business tool in the West—and how to bring jugaad practices to their organizations.

Frugal Innovation and Its Implementation

Author : Nivedita Agarwal
Publisher : Springer Nature
ISBN 13 : 3030671194
Total Pages : 305 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Frugal Innovation and Its Implementation by : Nivedita Agarwal

Download or read book Frugal Innovation and Its Implementation written by Nivedita Agarwal and published by Springer Nature. This book was released on 2021-05-11 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses several product development strategies and tools employed by organizations around the world to implement frugal innovations. Over the past decade, frugal innovations have caught the attention of countless management scholars. This book comes at the right time for academics and practitioners alike, as it explores how the concept of frugal innovation has evolved over the past several years and is shifting its focus from merely featuring ‘cost’ driven innovations to being more ‘resourceful’ and ‘sustainable’ at its core. Furthermore, in light of the ongoing digital revolution and emergence of new business models such as sharing economy and circular economy, the book highlights recent and upcoming trends and their impacts on frugal innovation strategies.

Frugal Innovation

Author : Yasser Bhatti
Publisher : Cambridge University Press
ISBN 13 : 1107188970
Total Pages : 341 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Frugal Innovation by : Yasser Bhatti

Download or read book Frugal Innovation written by Yasser Bhatti and published by Cambridge University Press. This book was released on 2018-11-15 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of growing discourse on 'frugal innovation', this book offers novel approaches to innovation based on extensive empirical research. The study complements a decade of scholarly attention on frugal innovation by taking a research-based approach to innovation in resource-scarce and complex institutional contexts. The findings suggest that concepts such as frugal, reverse, jugaad, social, grassroots and inclusive innovation in fact represent heterogeneous assemblies of innovation for social, environmental and economic value. The conceptual framework invites attention to more plural sources and elements in the study of models of innovation to inspire further research in the fields of strategy, innovation, entrepreneurship, economic sociology and development studies. The design framework offers models, metrics and competencies for practitioners and policymakers to identify, evaluate and design frugal innovations. The comprehensive view of frugal innovation demonstrates how firms can implement globally competitive strategies by pursuing innovation for humanity to improve lives for everyone, everywhere.

Frugal Innovation

Author : Taylor & Francis Group
Publisher : Routledge
ISBN 13 : 9781032082844
Total Pages : 344 pages
Book Rating : 4.0/5 (828 download)

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Book Synopsis Frugal Innovation by : Taylor & Francis Group

Download or read book Frugal Innovation written by Taylor & Francis Group and published by Routledge. This book was released on 2021-08-02 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Customers are increasingly seeking "low-cost, high-quality" or what is known as frugal products that meet the buyer's needs while reducing the associated cost of ownership. This book examines the developing principles and theories of frugal innovations across the globe. The authors identify frugal innovation (FI) using a multi-method approach to data analysis. They argue that the concept of frugality as a societal/ethical value has undergone several changes and propose a differentiated model of frugal innovations. They address frugal innovations that have never been accessible to the public. Hands-on case studies across various industry sectors and countries, supported by theory, provide multiple learning opportunities. The authors explore the relationship between FI and digitalisation and technology, and discuss how FI can be applied in the context of contemporary issues such as food security. Further, they articulate the mechanisms by which FI beliefs and values can be incorporated into organisational culture. The final chapters address both ethical and controversial views of frugal innovation. The book is a valuable resource for students in business courses, for industry professionals wanting to improve their triple bottom line, and for educators wanting to influence and change the mindsets of the younger generations to effectively deal with today's and tomorrow's challenges.

Frugal Innovation and the New Product Development Process

Author : Stephanie B.M. Cadeddu
Publisher : Routledge
ISBN 13 : 0429671180
Total Pages : 222 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Frugal Innovation and the New Product Development Process by : Stephanie B.M. Cadeddu

Download or read book Frugal Innovation and the New Product Development Process written by Stephanie B.M. Cadeddu and published by Routledge. This book was released on 2019-01-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the new product development process of firms developing frugal innovation for the base-of-the-pyramid (BOP) markets in developing countries. Frugal innovations are products characterised by an affordable price-point, durability, usability and core functionalities that are highly adapted to BOP consumers’ needs. Frugal products have the potential to drive the development progress and living standards of low-income consumers. With an innovation framework developed from worldwide frugal case studies, this book provides detailed insights through two in-depth start-up firms in Indonesia that have successfully launched frugal products for the low-income market. These two start-ups have addressed two major development challenges for not just Indonesia, but also the global BOP market – traditional methods of cooking and access to clean drinking water. A detailed roadmap is developed from insights into the processes and management decisions of these two start-ups and combined with previous studies on frugal products. Providing a detailed roadmap across the different phases and stages of the new product development process when developing frugal products, this book will be insightful to not only innovators but also investors and government agencies supporting their activities.

Frugal Innovation

Author : Vanessa Ratten
Publisher : Routledge
ISBN 13 : 0429849826
Total Pages : 126 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Frugal Innovation by : Vanessa Ratten

Download or read book Frugal Innovation written by Vanessa Ratten and published by Routledge. This book was released on 2019-03-08 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the growing use and importance of frugal innovation in society. Frugal innovation looks at innovating in a cost-efficient manner by taking into account available resources. This book explains how frugal innovation is different to other types of innovation and how frugal innovation offers a creative solution to issues of sustainability and the circular economy. The book approaches innovation by taking into account the stakeholders and how companies can innovate efficiently in an inclusive manner. It presents successful cases of companies that have innovated frugally, making the book an engaging read for anyone who is interested to learn more.

Do Better with Less

Author : Navi Radjou
Publisher : Penguin Random House India Private Limited
ISBN 13 : 9353055067
Total Pages : 400 pages
Book Rating : 4.3/5 (53 download)

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Book Synopsis Do Better with Less by : Navi Radjou

Download or read book Do Better with Less written by Navi Radjou and published by Penguin Random House India Private Limited. This book was released on 2019-04-25 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book, by the bestselling authors of Jugaad Innovation, shows how India can harness the three megatrends -- the sharing economy, the maker movement and the circular economy -- and disruptive technologies such as AI and 3D printing to generate jobs and drive inclusive and sustainable growth in the decades to come. The world faces a stark challenge: meeting the needs of over 7 billion people without bankrupting the planet. India, with its large population and limited resources, is at the very epicentre of this challenge. It also offers a creative way out. Its resilient jugaad mindset, dynamic ecosystem of start-ups and enterprises, and the practice of NGOs and governments working together promises not only to meet its own requirements in a sustainable way but also the needs of billions around the world. Packed with over fifty case studies, Do Better with Less offers six proven principles that Indian entrepreneurs and businesses can use to co-create frugal solutions in education, energy, healthcare, food and finance that are highly relevant to India and the world. This book is India's guide to claiming global leadership in frugal innovation.

Innovation Economics, Engineering and Management Handbook 1

Author : Dimitri Uzunidis
Publisher : John Wiley & Sons
ISBN 13 : 1119832489
Total Pages : 466 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Innovation Economics, Engineering and Management Handbook 1 by : Dimitri Uzunidis

Download or read book Innovation Economics, Engineering and Management Handbook 1 written by Dimitri Uzunidis and published by John Wiley & Sons. This book was released on 2021-06-08 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation, in economic activity, in managerial concepts and in engineering design, results from creative activities, entrepreneurial strategies and the business climate. Innovation leads to technological, organizational and commercial changes, due to the relationships between enterprises, public institutions and civil society organizations. These innovation networks create new knowledge and contribute to the dissemination of new socio-economic and technological models, through new production and marketing methods. Innovation Economics, Engineering and Management Handbook 1 is the first of the two volumes that comprise this book. The main objectives across both volumes are to study the innovation processes in todays information and knowledge society; to analyze how links between research and business have intensified; and to discuss the methods by which innovation emerges and is managed by firms, not only from a local perspective but also a global one. The studies presented in these two volumes contribute toward an understanding of the systemic nature of innovations and enable reflection on their potential applications, in order to think about the meaning of growth and prosperity.

Strategic Marketing for Social Enterprises in Developing Nations

Author : Chiweshe, Nigel
Publisher : IGI Global
ISBN 13 : 1522578609
Total Pages : 373 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Strategic Marketing for Social Enterprises in Developing Nations by : Chiweshe, Nigel

Download or read book Strategic Marketing for Social Enterprises in Developing Nations written by Chiweshe, Nigel and published by IGI Global. This book was released on 2019-06-29 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many governments in developing nations are finding it nearly impossible to address challenges posed to their countries, including poverty, disease, and high levels of youth unemployment. Thus, social entrepreneurs are attempting to address these social challenges through the creation of social enterprises. However, further research is needed as to what social entrepreneurship is and how these enterprises can utilize and formulate marketing strategies. Strategic Marketing for Social Enterprises in Developing Nations provides innovative insights for an in-depth understanding of where marketing and social entrepreneurship interact, providing clarity as to what social entrepreneurship is as an organizational offering, what drives social entrepreneurship, and the formulation of marketing strategies for social enterprises. Highlighting topics such as income generating, marketing management, and media dependency theory, it is designed for managers, entrepreneurial advisors, entrepreneurs, industry professionals, practitioners, researchers, academicians, and students.

Frugal Innovation

Author : Adela J. McMurray
Publisher : Routledge
ISBN 13 : 0429655274
Total Pages : 340 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Frugal Innovation by : Adela J. McMurray

Download or read book Frugal Innovation written by Adela J. McMurray and published by Routledge. This book was released on 2019-11-28 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Customers are increasingly seeking "low-cost, high-quality" or what is known as frugal products that meet the buyer’s needs while reducing the associated cost of ownership. This book examines the developing principles and theories of frugal innovations across the globe. The authors identify frugal innovation (FI) using a multi-method approach to data analysis. They argue that the concept of frugality as a societal/ethical value has undergone several changes and propose a differentiated model of frugal innovations. They address frugal innovations that have never been accessible to the public. Hands-on case studies across various industry sectors and countries, supported by theory, provide multiple learning opportunities. The authors explore the relationship between FI and digitalisation and technology, and discuss how FI can be applied in the context of contemporary issues such as food security. Further, they articulate the mechanisms by which FI beliefs and values can be incorporated into organisational culture. The final chapters address both ethical and controversial views of frugal innovation. The book is a valuable resource for students in business courses, for industry professionals wanting to improve their triple bottom line, and for educators wanting to influence and change the mindsets of the younger generations to effectively deal with today’s and tomorrow’s challenges.

The Frugal Innovator

Author : C. Leadbeater
Publisher : Springer
ISBN 13 : 1137335378
Total Pages : 124 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis The Frugal Innovator by : C. Leadbeater

Download or read book The Frugal Innovator written by C. Leadbeater and published by Springer. This book was released on 2014-04-29 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful book looks at the phenomenon of low-cost innovation and explores what we can learn from the innovators in developing nations who are making amazing technical and social advances with scarce capital and resources. Charles Leadbeater shows how these methods can be applied and used wherever you are and whatever your capital.

The Palgrave Handbook of Workplace Innovation

Author : Adela McMurray
Publisher : Springer Nature
ISBN 13 : 3030599167
Total Pages : 685 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis The Palgrave Handbook of Workplace Innovation by : Adela McMurray

Download or read book The Palgrave Handbook of Workplace Innovation written by Adela McMurray and published by Springer Nature. This book was released on 2021-03-09 with total page 685 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is a source of building long-term sustainability. If implemented successfully it can lead to superior organizational performance. To be competitive, companies and their leaders continuously strive to engage in new market spaces by developing and engaging in an innovative culture so as to differentiate themselves from their rivals. With contributions from scholars and practitioners, this Handbook provides evidence-based case studies to identify workplace innovation practices in developed and developing countries. Chapters are based on an organizational innovation framework and focuses on two major areas: the determinants of innovation and the process and outcome elements. It covers in-depth, cutting edge specialised topics such as frugal innovation, innovation associated with leadership as well as numerous organisational contexts such as for-profit and not for profit sectors and small, medium and large organisations. Essential reading for any student or scholar of innovation studies, this handbook provides novel coverage of innovation practices linked to organizational variables such as culture, ethics, leadership and performance.

Handbook on Frugal Innovation

Author : André Leliveld
Publisher : Edward Elgar Publishing
ISBN 13 : 1788118871
Total Pages : 445 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Handbook on Frugal Innovation by : André Leliveld

Download or read book Handbook on Frugal Innovation written by André Leliveld and published by Edward Elgar Publishing. This book was released on 2023-09-06 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering Handbook details the origins of the concept of frugal innovation, its emergence as an academic field of interest, and the main driving forces behind it. The book presents new empirical evidence and critical perspectives on what frugal innovation entails, from disciplines such as science and engineering, humanities, and social sciences. This title contains one or more Open Access chapters.

Responsible Innovation in Large Technological Systems

Author : J. Roland Ortt
Publisher : Routledge
ISBN 13 : 1000043223
Total Pages : 168 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Responsible Innovation in Large Technological Systems by : J. Roland Ortt

Download or read book Responsible Innovation in Large Technological Systems written by J. Roland Ortt and published by Routledge. This book was released on 2020-03-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large technological systems, such as seaports, nuclear power stations, wind farms and natural gas extraction, provide vital functions for society. And yet these large technological systems have an impact on different stakeholder groups in both positive and negative ways. This book defines responsible innovation and describes how both the innovation process and the resulting innovation outcome can be designed, created and implemented in a way that respects the various stakeholder groups involved and affected by the system. Taking a case-based approach, a number of large technological systems are profiled, including hydraulic engineering, nuclear energy, smart metering, and wind power. The values of each of the stakeholder groups, and the costs and benefits of the systems presented, are analysed. The book concludes by combining these insights to provide a framework for how responsible innovation of large technological systems can be implemented in practice. The book will be of particular interest to undergraduate and postgraduate students and researchers in technology and innovation management, and corporate governance, CSR and business ethics.

Frugal Innovation and Social Transitions in the Digital Era

Author : Tunio, Muhammad Nawaz
Publisher : IGI Global
ISBN 13 : 166845419X
Total Pages : 231 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Frugal Innovation and Social Transitions in the Digital Era by : Tunio, Muhammad Nawaz

Download or read book Frugal Innovation and Social Transitions in the Digital Era written by Tunio, Muhammad Nawaz and published by IGI Global. This book was released on 2022-12-09 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frugal innovation is considered a new source of innovation, mainly to meet the needs of low-income customers. Hence, frugal innovation has primarily been explored emphasizing affordability. The concept of frugal and social innovation is a new idea and requires perspectives from academicians, researchers, and organizations to reach its full potential. Frugal Innovation and Social Transitions in the Digital Era considers the social value of innovation, frugal innovation, and social innovation in society at local, national, and international levels and calls the attention of scholars and researchers around the globe to focus on the social perspectives and social patterns of human life and society. Covering key topics such as emerging technologies, entrepreneurship, and social change, this reference work is ideal for computer scientists, business owners, managers, policymakers, researchers, scholars, practitioners, instructors, and students.

The Economics of Frugal Innovation

Author : Christian Le Bas
Publisher : Edward Elgar Publishing
ISBN 13 : 1035302330
Total Pages : 186 pages
Book Rating : 4.0/5 (353 download)

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Book Synopsis The Economics of Frugal Innovation by : Christian Le Bas

Download or read book The Economics of Frugal Innovation written by Christian Le Bas and published by Edward Elgar Publishing. This book was released on 2023-02-14 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the tremendous growth of frugal product and process innovations in emerging markets and Northern economies, this book offers a clear understanding of this new direction of technological change with a Schumpeterian analytical frame. Characterising frugal innovation as a new technological paradigm, it illuminates the relationship between frugality and sustainability.