frugal innovation

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Frugal Innovation

Author : Yasser Bhatti
ISBN : 9781107188976
Genre : Business & Economics
File Size : 78. 42 MB
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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 : Navi Radjou
ISBN : 9781781255513
Genre : Business & Economics
File Size : 46. 42 MB
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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.

Frugal Innovation

Author : Vanessa Ratten
ISBN : 9780429849824
Genre : Business & Economics
File Size : 30. 78 MB
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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.

Frugal Innovation And The New Product Development Process

Author : Stephanie B.M. Cadeddu
ISBN : 9780429671180
Genre : Business & Economics
File Size : 56. 58 MB
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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 In Healthcare

Author : Aditi Ramdorai
ISBN : 9783319163369
Genre : Medical
File Size : 54. 46 MB
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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.

Frugal Innovation In Bioengineering For The Detection Of Infectious Diseases

Author : Arvind K. Chavali
ISBN : 9783319666471
Genre : Medical
File Size : 71. 97 MB
Format : PDF
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This book introduces readers to the concept of 'frugal innovation' and describes novel low-cost technologies that aid in diagnosing infectious diseases. Rapidly deployable, portable, and affordable diagnostic tools have the potential to tremendously benefit populations in resource-limited settings and improve global health outcomes. Specifically, the book includes the following features: Cutting-Edge Research: Thorough coverage of scientific advances related to frugal bioengineering that have been developed within the last few years. A few examples of technologies covered in detail include low-cost paper-based and CD-based microfluidic diagnostic systems. Industry and Non-Profit Voices: Chapters written by scientists currently working in industry and philanthropic sectors.

Frugal Innovation An Empirical Study Of Scandinavian Multinationals In Africa

Author : Arlene Struijk
ISBN : OCLC:904375582
Genre :
File Size : 37. 54 MB
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This thesis analyzes the concept of frugal innovation. Frugal innovation is a special type of resource-constrained innovation and targets costumers in low-income markets with frugal products that have significantly lower price points than existing solutions. They are customized to meet the specific requirements of the local market context, which are usually not addressed by products developed for Western markets. This work addresses the question of how Western multinational companies (MNCs) can organize and mange frugal innovation successfully as they have mainly served high-end segments. Existing literature and case studies of frugal innovation mainly adopted a product-centric view and derived success factors for building up capabilities internally in order to develop the frugal product. This thesis considers the development of the business model and partner network as an integral part of the innovation process and therefore focuses on a broader perspective on the concept of frugal innovation. The first part of the thesis offers a broad literature review, which lays the foundation for the in-depth analysis of two case studies of Scandinavian MNCs, which developed a frugal innovation for low-income costumers in Africa. The main finding of this study is that open business models support and facilitate the development of a frugal innovation. Building up capabilities not only internally but also externally through local partnerships to access tangible and intangible resources is a key success factor for frugal innovation.

Frugal Innovation

Author : Yasser Ahmad Bhatti
ISBN : OCLC:894607994
Genre :
File Size : 49. 5 MB
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Frugal Innovation For Healthcare

Author : Matthew Stewart Prime
ISBN : OCLC:1063675713
Genre :
File Size : 31. 2 MB
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Healthcare Frugal Innovation And Professional Voluntarism

Author : Helen Louise Ackers
ISBN : 9783319483665
Genre : Political Science
File Size : 66. 84 MB
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This book is open access under a CC BY 4.0 license. This book investigates what international placements of healthcare employees in low resource settings add to the UK workforce and the efficacy of its national health system. The authors present empirical data collected from a volunteer deployment project in Uganda focused on reducing maternal and new-born mortality and discuss the learning and experiential outcomes for UK health care professionals acting as long term volunteers in low resource settings. They also develop a model for structured placement that offers optimal learning and experiential outcomes and minimizes risk, while shedding new light on the role that international placements play as part of continuing professional development both in the UK and in other sending countries.

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