Frugal Innovation And The New Product Development Process

Author : Stephanie B.M. Cadeddu,Jerome D. Donovan,Cheree Topple,Gerrit A. de Waal,Eryadi K. Masli
Publisher : Routledge
Page : 222 pages
File Size : 46,6 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 : Yasser Bhatti,Radha Ramaswami Basu,David Barron,Marc J. Ventresca
Publisher : Cambridge University Press
Page : 341 pages
File Size : 46,8 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 : Nivedita Agarwal,Alexander Brem
Publisher : Springer Nature
Page : 305 pages
File Size : 46,7 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,The Economist
Publisher : The Economist
Page : 273 pages
File Size : 40,6 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 : Adela J. McMurray,Gerrit A. de Waal
Publisher : Routledge
Page : 340 pages
File Size : 41,9 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
Publisher : Profile Books
Page : 44 pages
File Size : 55,5 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 : Navi Radjou,Jaideep Prabhu,Simone Ahuja
Publisher : John Wiley & Sons
Page : 293 pages
File Size : 40,6 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 : Vanessa Ratten
Publisher : Routledge
Page : 126 pages
File Size : 42,8 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 : Shortcut Edition
Publisher : Shortcut Edition
Page : 23 pages
File Size : 40,9 Mb
Release : 2021-05-30
Category : Business & Economics
ISBN : 8210379456XXX

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SUMMARY - Frugal Innovation: How To Do Better With Less By Navi Radjou And Jaideep Prabhu by Shortcut Edition Pdf

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. *By reading this summary, you will discover that it is possible to produce a quality product while reducing the amount of resources used. *You will also discover that : frugal innovation is a proven and necessary method; the traditional R&D model is much more limited than frugal R&D ; new tools can make product design and manufacturing much more agile; it is possible to adjust consumer behavior; consumers are now involved in all production processes; collaboration between competing companies can be a great source of progress. *For decades, we have been observing the scarcity of resources and the limits of a model built to adapt to the 20th century. Today's world is very different, and it has become necessary to produce taking into account the impact on the environment and society. It is precisely in this new context that frugal innovation proposes a paradigm shift, seeking how to do better with fewer resources. *Buy now the summary of this book for the modest price of a cup of coffee!

Author : Navi Radjou,Jaideep C. Prabhu
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 2015
Category : Creative ability in business
ISBN : 9350099853

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Frugal Innovation by Navi Radjou,Jaideep C. Prabhu Pdf

Author : Christian Le Bas
Publisher : Edward Elgar Publishing
Page : 186 pages
File Size : 47,9 Mb
Release : 2023-02-14
Category : Social Science
ISBN : 9781035302338

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The Economics of Frugal Innovation by Christian Le Bas Pdf

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.

Author : Mary Haropoulou,Clive Smallman
Publisher : Routledge
Page : 168 pages
File Size : 54,7 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781351730495

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Decision-making for New Product Development in Small Businesses by Mary Haropoulou,Clive Smallman Pdf

What goes on in a small firm that lives or dies by its capacity to innovate? How are decisions made on new product development, and how does that feed into the ecological, social and financial sustainability of the firm? This book answers the questions through an in-depth look at a small business that manufactures high-end carpet yarn. Using advanced analytical techniques to interrogate rich qualitative data, the book draws together established theories of decision-making and new product development, coupled with thinking about business sustainability to improve our understanding of this important area of business practice. The book further reinforces the importance and role of organizational learning in organizational decision-making, based on novel analysis of empirically developed qualitative data.

Author : Ediyanto Ediyanto,Dedi Kuswandi,Ali Imron,Burhanuddin Burhanuddin,Ahmad Suriansyah
Publisher : Springer Nature
Page : 290 pages
File Size : 50,8 Mb
Release : 2023-12-13
Category : Education
ISBN : 9782384761562

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Proceedings of the 2nd International Conference on Educational Management and Technology (ICEMT 2023) by Ediyanto Ediyanto,Dedi Kuswandi,Ali Imron,Burhanuddin Burhanuddin,Ahmad Suriansyah Pdf

This is an open access book. Building educational management and technology for an equitable global civilization requires a multifaceted approach, taking into account the various cultural, economic and political factors that shape the world. Building educational management and technology for an equitable global civilization requires a comprehensive and systemic approach that takes into account the needs and well-being of all individuals, communities and the environment. A just and equitable global civilization must be built on sustainable practices that guarantee the preservation of natural resources and the environment. A just civilization must ensure that all individuals have access to resources, opportunities and basic needs such as food, shelter and health care. Building educational management and technology for an equitable global civilization requires building that takes into account the needs of marginalized communities and addresses systemic inequalities. Building a just civilization must be transparent and accountable, with clear processes and structures for decision-making and resource allocation. This includes involving community members in decision-making processes and providing clear communication about building and resource management. A just civilization must ensure that individuals are safe and physically protected in their buildings and communities. This includes ensuring that buildings are structurally sound and meet safety codes, as well as implementing safety measures to protect individuals from harm. Building education management and technology should prioritize community ownership and involvement, creating spaces and opportunities for individuals to come together, connect and support one another. Overall, building educational management and technology for an equitable global civilization requires a commitment to sustainability, inclusiveness, transparency, security and community building. By prioritizing these values, we can create a more just and equitable world for all. Building educational management and technology for an equitable global civilization needs to continue to encourage the creation of an environment where everyone feels accepted, valued and supported. This means promoting diversity, equity and inclusion in all aspects of organizational and educational practice. It also means taking steps to eliminate bias, discrimination.

Author : André Leliveld,Saradindu Bhaduri,Peter Knorringa,Cees van Beers
Publisher : Edward Elgar Publishing
Page : 445 pages
File Size : 47,6 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.

Author : SMITH
Publisher : McGraw Hill
Page : 348 pages
File Size : 43,6 Mb
Release : 2024-04-24
Category : Business & Economics
ISBN : 9781526849663

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Ebook: Exploring Innovation 4e by SMITH Pdf

Ebook: Exploring Innovation 4e