Frugal Innovation

Author : Navi Radjou,Jaideep Prabhu
Publisher : Profile Books
Page : 303 pages
File Size : 55,6 Mb
Release : 2015-02-12
Category : Business & Economics
ISBN : 9781782831204

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Frugal Innovation by Navi Radjou,Jaideep Prabhu Pdf

CMI Management Book of the Year Award 2016 With a Foreword by Paul Polman, CEO, Unilever. Frugal innovation is a way that companies can develop high-quality products and create more value with limited resources. In today's cost-constrained environment, companies in the developed economies are seeking new routes to long-term business success - while also appealing to cost-conscious and environmentally-aware consumers. With an estimated trillion-dollar global market for sustainable products, and with potentially huge cost savings to be gained, frugal innovation is revolutionising business and reshaping management thinking. This seminal book gives an overview of the principles, perspectives and techniques behind frugal innovation, connecting with key contemporary business concepts such as the sharing and circular economies and the maker movement. It offers a blueprint for leaders and managers in companies of all sizes and across all sectors on how to profit from doing business frugally. Based on the authors' six key principles of frugal innovation, and packed with targeted advice and recommendations for business functions such as R&D, operations, HR and sales, Frugal Innovation is a masterclass in the art of doing more with less.

Author : Yasser Bhatti,Radha Ramaswami Basu,David Barron,Marc J. Ventresca
Publisher : Cambridge University Press
Page : 341 pages
File Size : 40,5 Mb
Release : 2018-11-15
Category : Business & Economics
ISBN : 9781107188976

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Frugal Innovation by Yasser Bhatti,Radha Ramaswami Basu,David Barron,Marc J. Ventresca Pdf

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.

Author : Vanessa Ratten
Publisher : Routledge
Page : 126 pages
File Size : 48,5 Mb
Release : 2019-03-08
Category : Business & Economics
ISBN : 9780429849824

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Frugal Innovation by Vanessa Ratten Pdf

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.

Author : Nivedita Agarwal,Alexander Brem
Publisher : Springer Nature
Page : 305 pages
File Size : 44,7 Mb
Release : 2021-05-11
Category : Business & Economics
ISBN : 9783030671198

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Frugal Innovation and Its Implementation by Nivedita Agarwal,Alexander Brem Pdf

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.

Author : Navi Radjou,Jaideep Prabhu,Simone Ahuja
Publisher : John Wiley & Sons
Page : 293 pages
File Size : 40,5 Mb
Release : 2012-04-10
Category : Business & Economics
ISBN : 9781118249741

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Jugaad Innovation by Navi Radjou,Jaideep Prabhu,Simone Ahuja Pdf

"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.

Author : Aditi Ramdorai,Cornelius Herstatt
Publisher : Springer
Page : 168 pages
File Size : 52,6 Mb
Release : 2015-04-29
Category : Medical
ISBN : 9783319163369

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Frugal Innovation in Healthcare by Aditi Ramdorai,Cornelius Herstatt Pdf

This book focuses on how companies are innovating with regard to the Bottom-of-the-Pyramid (BOP) − the lowest socio-economic segment, and the organizational conditions they need to be successful. The authors use several examples of disruptive innovations for this market, particularly in the Indian healthcare sector. Low-cost, specialty hospital chains like Aravind Eye Care and Narayana Hrudayalaya have brought down the cost of certain medical procedures significantly. The Indian conglomerate Tata Group and the American healthcare giant GE Healthcare have also developed affordable products targeted at the lowest-income segments in India. The authors present an in-depth analysis of these companies and present their insightful results on disruptive innovation and the ever-challenging BOP market.

Author : Stephanie B.M. Cadeddu,Jerome D. Donovan,Cheree Topple,Gerrit A. de Waal,Eryadi K. Masli
Publisher : Routledge
Page : 222 pages
File Size : 45,5 Mb
Release : 2019-01-17
Category : Business & Economics
ISBN : 9780429671180

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Frugal Innovation and the New Product Development Process by Stephanie B.M. Cadeddu,Jerome D. Donovan,Cheree Topple,Gerrit A. de Waal,Eryadi K. Masli Pdf

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.

Author : Taylor & Francis Group
Publisher : Routledge
Page : 344 pages
File Size : 52,6 Mb
Release : 2021-08-02
Category : Electronic
ISBN : 1032082844

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Frugal Innovation by Taylor & Francis Group Pdf

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.

Author : Navi Radjou,Jaideep Prabhu
Publisher : Penguin Random House India Private Limited
Page : 400 pages
File Size : 52,8 Mb
Release : 2019-04-25
Category : Literary Collections
ISBN : 9789353055066

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Do Better with Less by Navi Radjou,Jaideep Prabhu Pdf

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.

Author : Adela J. McMurray,Gerrit A. de Waal
Publisher : Routledge
Page : 340 pages
File Size : 52,5 Mb
Release : 2019-11-28
Category : Business & Economics
ISBN : 9780429655272

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Frugal Innovation by Adela J. McMurray,Gerrit A. de Waal Pdf

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.

Author : Navi Radjou,Jaideep Prabhu,The Economist
Publisher : The Economist
Page : 273 pages
File Size : 44,8 Mb
Release : 2015-02-10
Category : Business & Economics
ISBN : 9781610395069

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Frugal Innovation by Navi Radjou,Jaideep Prabhu,The Economist Pdf

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

Author : Navi Radjou,Jaideep C. Prabhu
Publisher : Portfolio Penguin
Page : 0 pages
File Size : 40,6 Mb
Release : 2012
Category : Adaptability (Psychology)
ISBN : 818400205X

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Jugaad Innovation by Navi Radjou,Jaideep C. Prabhu Pdf

Author : Navi Radjou,Jaideep Prabhu
Publisher : Profile Books
Page : 44 pages
File Size : 50,7 Mb
Release : 2015-02-12
Category : Business & Economics
ISBN : 9781781255513

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Frugal Innovation by Navi Radjou,Jaideep Prabhu Pdf

With a Foreword by Paul Polman, CEO, Unilever. Frugal innovation is a way that companies can develop high-quality products and create more value with limited resources. In today's cost-constrained environment, companies in the developed economies are seeking new routes to long-term business success - while also appealing to cost-conscious and environmentally-aware consumers. With an estimated trillion-dollar global market for sustainable products, and with potentially huge cost savings to be gained, frugal innovation is revolutionising business and reshaping management thinking. This seminal book gives an overview of the principles, perspectives and techniques behind frugal innovation, connecting with key contemporary business concepts such as the sharing and circular economies and the maker movement. It offers a blueprint for leaders and managers in companies of all sizes and across all sectors on how to profit from doing business frugally. Based on the author's six key principles of frugal innovation, and packed with targeted advice and specific recommendations for business functions such as R&D, operations, HR and sales and marketing, Frugal Innovation is a masterclass in the art of doing more with less.

Author : Anil Wali,Kaushik Mukerjee,Malavika Dadlani
Publisher : Ebury Press
Page : 264 pages
File Size : 40,9 Mb
Release : 2022-06
Category : Electronic
ISBN : 0670093092

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The Art and Science of Frugal Innovation by Anil Wali,Kaushik Mukerjee,Malavika Dadlani Pdf

The Art and Science of Frugal Innovation comes at a time when the world is grappling with unprecedented issues, including the Covid-19 pandemic that has left all humanity in the eye of the storm. In this book, Malavika Dadlani, Anil Wali and Kaushik Mukerjee deftly explore the scientific underpinnings and social gains of frugal innovations. They also explain how these frugal innovations can help the world overcome a variety of obstacles. While differentiating between frugal and low-cost innovations, this straightforward book also picks the common thread between the two and demonstrates how durable solutions to problems can be found through scientific planning and systematic testing. All in all, The Art and Science of Frugal Innovation is about breaking boundaries and sharing knowledge, expertise and ideas that can lead to sustainable development for all.

Author : André Leliveld,Saradindu Bhaduri,Peter Knorringa,Cees van Beers
Publisher : Edward Elgar Publishing
Page : 445 pages
File Size : 53,7 Mb
Release : 2023-09-06
Category : Science
ISBN : 9781788118873

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Handbook on Frugal Innovation by André Leliveld,Saradindu Bhaduri,Peter Knorringa,Cees van Beers Pdf

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.