Frugal Innovation and Its Implementation
Leveraging Constraints to Drive Innovations on a Global Scale
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Beschreibung
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.
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.
Presents the latest research insights into the state and nature of frugal innovation Discusses challenges such as development of digitalization and suggests leveraging factors Depicts frugal innovation approaches from around the world
Autor*in
Nivedita Agarwal
Themen in »Frugal Innovation and Its Implementation«
Path development of frugal innovation Frugal innovation in developing countries Sharing economy and innovation Challenges of a circular economy Innovation with minimal investment Grassroots vs. frugal innovation Research studies on frugal innovation sustainability