The Economics Of 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

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.

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

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 : Vanessa Ratten
Publisher : Routledge
ISBN 13 : 0429849826
Total Pages : 149 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 2019-02-18 with total page 149 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.

The Economics of Frugal Innovation

Author : Christian Le Bas
Publisher : Edward Elgar Publishing
ISBN 13 : 9781035302321
Total Pages : 0 pages
Book Rating : 4.3/5 (23 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 2023-02-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the tremendous growth of frugal product and process innovations in both emerging markets and economies in the Global North, this book offers a clear understanding of this new direction of technological change within a Schumpterian analytical framework. Characterizing frugal innovation as a new technological paradigm, it illuminates the relationship between frugality and sustainability. Using important case studies from around the globe, Christian Le Bas explores the key characteristics of frugal innovations: products with fewer artefacts, decreasing technological complexity and design simplification. Chapters systematically synthesise economic knowledge on the topic, mapping the environmentally positive consequences of frugal innovation and identifying the crucial socio-economic and ecological contemporary issues that frugal innovation can help resolve. Concise and timely, this book will be a useful resource for economics and management scholars and students. The tools for understanding the nature and scope of frugal innovation, as well as insights on sustainable innovation, also make this an important read for managers, decision makers and stakeholders.

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.

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.

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.

Do Better with Less

Author : Navi Radjou
Publisher : Penguin Random House India Private Limited
ISBN 13 : 9353055067
Total Pages : 452 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 452 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.

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.

Innovation in Emerging Markets

Author : J. Haar
Publisher : Springer
ISBN 13 : 1137480297
Total Pages : 331 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Innovation in Emerging Markets by : J. Haar

Download or read book Innovation in Emerging Markets written by J. Haar and published by Springer. This book was released on 2016-11-16 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation is sweeping the globe at breakneck speed, and emerging markets are where tremendous growth and opportunity reside. Jerry Haar and Ricardo Ernst delve into the forces and drivers that shape innovation in emerging markets and present case studies, along with a summation of the key features and outlook for innovation over the next decade.

Handbook of Indian Securities

Author : Gautam H Parikh
Publisher : Bloomsbury Publishing
ISBN 13 : 9384052949
Total Pages : 325 pages
Book Rating : 4.3/5 (84 download)

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Book Synopsis Handbook of Indian Securities by : Gautam H Parikh

Download or read book Handbook of Indian Securities written by Gautam H Parikh and published by Bloomsbury Publishing. This book was released on 2016-07-11 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gautam H. Parikh combines law, economics and finance in a rich, fact-driven analysis of Indian securities. Written with clarity, and an integrated and holistic approach, this book is essential reading for business professionals in finance, investments and emerging markets. It also provides an insight into how Indian securities are unique, especially in the context of India's legal framework. Handbook of Indian Securities is a highly readable, useful and practical guide for portfolio managers, investment researchers, corporate CFOs, treasury managers, security analysts, chartered accountants, management consultants and investment bankers. It is also ideal for MBA and CFA students as well as students of financial and securities law.

Innovation in Brazil

Author : Elisabeth B. Reynolds
Publisher : Routledge
ISBN 13 : 0429626886
Total Pages : 351 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Innovation in Brazil by : Elisabeth B. Reynolds

Download or read book Innovation in Brazil written by Elisabeth B. Reynolds and published by Routledge. This book was released on 2019-03-15 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the early 2000s, state-led and innovation-focused strategies have characterized the approach to development pursued in countries around the world, such as China, India, and South Korea. Brazil, the largest and most industrialized economy in Latin America, demonstrates both the opportunities and challenges of this approach. Over the course of nearly 20 years, the Brazilian government enacted various policies and programs designed to strengthen the country’s capacity to innovate. It increased spending on science and technology, encouraged greater collaboration between industry and universities, and fostered the creation of new institutions whose primary aim was to facilitate greater private research and development (R&D) spending. In this book, the editors unite a diverse array of empirical contributions around a few key themes, including public policies, institutions and innovation ecosystems, and firms and industries, that collectively make the case for a new, forward-looking innovation agenda aimed at addressing persistent challenges and exploiting emerging opportunities in Brazil. Its conclusions offer valuable lessons for other developing and emerging economies seeking to accelerate innovation and growth in the modern age. With its interdisciplinary and wide-ranging contribution to the study of innovation, as well as attention to broader policy implications, this book will appeal to scholars and professionals alike.

Innovation Economics, Engineering and Management Handbook 2

Author : Dimitri Uzunidis
Publisher : John Wiley & Sons
ISBN 13 : 1119832519
Total Pages : 338 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Innovation Economics, Engineering and Management Handbook 2 by : Dimitri Uzunidis

Download or read book Innovation Economics, Engineering and Management Handbook 2 written by Dimitri Uzunidis and published by John Wiley & Sons. This book was released on 2021-06-08 with total page 338 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 2 is the second 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

Aiming Big with Small Cars

Author : Rajnish Tiwari
Publisher : Springer Science & Business Media
ISBN 13 : 3319020668
Total Pages : 248 pages
Book Rating : 4.3/5 (19 download)

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Book Synopsis Aiming Big with Small Cars by : Rajnish Tiwari

Download or read book Aiming Big with Small Cars written by Rajnish Tiwari and published by Springer Science & Business Media. This book was released on 2013-10-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the small car segment of India's automotive industry to explain the emergence of lead markets. The authors contend that the current understanding of lead markets does not sufficiently explain the business practices that are born out of the intensified globalization of innovation. Lead markets are considered crucial for the global diffusion of new products and this book investigates whether sustainable lead markets can also emerge in developing economies, and if so, under which conditions. The authors question the conventional wisdom and propose updates and extensions to the lead market theory to better reflect the changing ground realities on ground.

Disrupt-It-Yourself

Author : Simone Bhan Ahuja
Publisher : HarperCollins Leadership
ISBN 13 : 1595540725
Total Pages : 251 pages
Book Rating : 4.5/5 (955 download)

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Book Synopsis Disrupt-It-Yourself by : Simone Bhan Ahuja

Download or read book Disrupt-It-Yourself written by Simone Bhan Ahuja and published by HarperCollins Leadership. This book was released on 2019-01-29 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover eight dynamic principles to help innovation flourish from within. The shelf life of well-established companies keeps shrinking as new entrants replace old ones in rapid succession. Even brands that seemed invincible only a few years ago are in danger of being disrupted by fast-moving startups. In this unprecedented environment, how can any business stay ahead of the market? Companies can no longer assume innovation will “just happen”—it must be seeded, grown, and successfully harvested. They must disrupt themselves. In Disrupt-It-Yourself, bestselling author and innovation expert Simone Ahuja guides readers through the DIY (Disrupt-It-Yourself) system that will sustain innovation and retain DIYers, the employees—or intrapreneurs—most committed to solving the problems of the future, even if it means moving far beyond “business as usual.” Based on her experience working with Fortune 500 companies and extensive research, Ahuja identifies the intrapreneurial archetype and presents eight new principles to foster a DIY mindset and action plan. In a clear, concise style with expert advice and real-world examples, this book provides a new lens to help companies become faster and more fluid, offers easy options to tailor the system to each company’s unique circumstances, and presents strategic lessons—from Keep It Frugal to Make It Permission-less—that open up the full spectrum of innovation and make it sustainable. Using the DIY approach, organizations can build their ability to innovate and create an approach for growth that harnesses the creativity and knowledge of employees at every level.