The Art And Science Of Frugal Innovation

Author : Anil Wali,Kaushik Mukerjee,Malavika Dadlani
Publisher : Ebury Press
Page : 264 pages
File Size : 41,6 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 : Yasser Bhatti,Radha Ramaswami Basu,David Barron,Marc J. Ventresca
Publisher : Cambridge University Press
Page : 341 pages
File Size : 43,8 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 : Navi Radjou,Jaideep Prabhu,The Economist
Publisher : The Economist
Page : 273 pages
File Size : 52,7 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 Prabhu
Publisher : Profile Books
Page : 44 pages
File Size : 49,8 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 : Vanessa Ratten
Publisher : Routledge
Page : 126 pages
File Size : 50,5 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 : Adela J. McMurray,Gerrit A. de Waal
Publisher : Routledge
Page : 340 pages
File Size : 55,7 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 : Nivedita Agarwal,Alexander Brem
Publisher : Springer Nature
Page : 305 pages
File Size : 43,6 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
Publisher : Penguin Random House India Private Limited
Page : 400 pages
File Size : 52,6 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 : Navi Radjou,Jaideep Prabhu,Simone Ahuja
Publisher : John Wiley & Sons
Page : 293 pages
File Size : 48,8 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 : Matthew Harris
Publisher : Taylor & Francis
Page : 181 pages
File Size : 47,6 Mb
Release : 2023-08-31
Category : Medical
ISBN : 9781000932058

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Decolonizing Healthcare Innovation by Matthew Harris Pdf

This fascinating book offers a pathway for the NHS to adopt low-cost but effective innovations from areas of the world traditionally seen as beneficiaries rather than providers of help and support. In an era of increasing demand and dwindling resources, and where the COVID-19 pandemic has illustrated the structural limitations of the current system, the book provides examples of simple, frugal but high-quality alternatives to current practice. From orthopaedics to paediatrics, and mental health to plastic surgery, the book illustrates how low- and middle-income countries have found solutions to healthcare issues that are not only safe and clinically effective but also have the potential to save the NHS millions of pounds. Grounded in the contemporary debates of decolonization, it invites readers to question the culture and systems in global health that view low-income countries as solely passive recipients of aid. The volume will be essential reading for students and scholars across Public Health, Global Health, and Development Studies, as well as healthcare managers and policy makers in the UK and beyond.

Author : Navi Radjou,Jaideep C. Prabhu
Publisher : Unknown
Page : 0 pages
File Size : 49,7 Mb
Release : 2015
Category : Creative ability in business
ISBN : 9350099853

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Frugal Innovation by Navi Radjou,Jaideep C. Prabhu Pdf

Author : Stephanie B.M. Cadeddu,Jerome D. Donovan,Cheree Topple,Gerrit A. de Waal,Eryadi K. Masli
Publisher : Routledge
Page : 222 pages
File Size : 45,7 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 : Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto
Publisher : John Wiley & Sons
Page : 466 pages
File Size : 43,9 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781119832485

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Innovation Economics, Engineering and Management Handbook 1 by Dimitri Uzunidis,Fedoua Kasmi,Laurent Adatto Pdf

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.

Author : Julia Weinhold
Publisher : GRIN Verlag
Page : 61 pages
File Size : 49,6 Mb
Release : 2018-07-17
Category : Business & Economics
ISBN : 9783668752023

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Overview and Evaluation of Existing Frugal Innovations in Healthcare by Julia Weinhold Pdf

Bachelor Thesis from the year 2017 in the subject Economy - Health Economics, grade: 1,7, University of Leipzig (Economics and Management Science), language: English, abstract: The aim of this thesis is to contribute to a more precise understanding of frugal innovations in healthcare and further drawing scientific and entrepreneurial attention to them. With the help of the key elements of their business models, the procedures of ten frugal innovators are examined. All of them develop medical devices as well as services for healthcare delivery. The case studies provide empirical evidence to analyse under what conditions established companies of different types, can successfully commercialise frugal innovations. In this context, the development of a profound understanding of the target market as well as the design of a sustainable financing model, turned out to be the biggest challenges for the innovators. In addition, the success of the innovations is based on the establishment of a sector-wide network. Furthermore, this study aims to provide a basis for further investigations and the search for healthcare solutions to counteract the issue of medical under-supply in developing countries. The thesis subdivides into four main sections: After the brief introduction, the theoretical foundations and conceptual frameworks are introduced to enable a basic understanding of the topic. In the same place, the significance of healthcare innovations is explained. The second part depicts the scientific discourse and state of the art in the field of frugal product and service development, based on information from extant literature. With the explanation of the applied research methodology and procedure of analysis, the empirical part of this work commences in the third part. Subsequently it portraits ten examples of frugal innovations in healthcare in detail. The fourth section entails the empirical evaluation and discussion of the prior part. It concludes with theoretical and managerial implications and a prospect for the importance of frugal innovations in healthcare. Potential limitations are discussed and recommendation for further research is given.

Author : Régnier, Philippe,Frey, Daniel,Pierre, Samuel,Varghese, Koshy,Wild, Pascal
Publisher : Edward Elgar Publishing
Page : 297 pages
File Size : 52,5 Mb
Release : 2022-10-20
Category : Business & Economics
ISBN : 9781800887824

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Handbook of Innovation & Appropriate Technologies for International Development by Régnier, Philippe,Frey, Daniel,Pierre, Samuel,Varghese, Koshy,Wild, Pascal Pdf

This timely Handbook provides a conceptual discussion and an empirical review of new disruptive forms of innovation producing appropriate technologies, which address both the needs of low-income populations worldwide, and provides alternative solutions for sustainable development.