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Frugal Innovation
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  • Cited by 3

Book description

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.

Reviews

‘Targeted at scholars and providing a solid foundation for future research, Frugal Innovation also offers keen insights on how social entrepreneurs conceive innovation in multiple dimensions. Practitioners will find experience-based frameworks that help them synthesize and communicate the integrative nature of innovations that benefit the underserved. Like social entrepreneurship, frugal innovation is a term with many meanings. Integrative, synthetic, and clear, the authors examine multiple dimensions of innovation and distil frugal innovation as a hybrid approach tuned to environments with extreme resource constraints and resource voids. Both researchers and practitioners will benefit from learning how social entrepreneurs themselves perceive innovation.'

Thane Kreiner - Executive Director and Howard and Alida Charney University Professor, Santa Clara University, California

'Frugal innovation is a topic of considerable interest to companies, policy makers and researchers. It offers both innovation to connect the poorest and most disadvantaged citizens to the benefits of new products and services and opportunities for firms to identify new and potentially lucrative markets. This important book offers important new conceptual and practical insights into frugal innovation and should be seen as essential reading for anyone engaging with this topic.'

Alex Nicholls - University of Oxford and Editor of The Journal of Social Entrepreneurship

'Frugal Innovation: New Models of Innovation and Theoretical Development will be a must have for academics, entrepreneurs, corporates and investors. It will advance how to get to inclusive solutions not merely based on cost-effectiveness and financial returns but combining them with purpose and impact. This book shows that frugal innovation is not just another innovation term but the empirical based models and theories that the authors have proposed will help enable creating and scaling solutions under resource constraints both by social entrepreneurs and traditional businesses.'

Venkata Gandikota - President and co-founder, The Nordic Frugal Innovation Society

'This book should give tremendous impetus for serious and rigorous academic research on innovation under severe constraints.'

Vijay Govindarajan - Coxe Distinguished Professor at Amos Tuck School of Business Administration, Dartmouth and author of Reverse Innovation

'This book complements previous books in helping to establish frugal innovation as a field that merits serious attention in the diverse worlds of academia, practice and policy. It extends prior work by developing models, frameworks and tools to help scholars, innovators and managers to deliver meaningful and much needed innovation for all of humanity.'

Jaideep Prabhu - Judge Business School, Cambridge and author of Jugaad Innovation and Frugal Innovation

'Policymakers around the world and especially in emerging markets can leverage frugal innovations to better promote human welfare. The models and tools in this book should support leaders in their efforts to foster equitable growth and sustainable development.'

Shaukat Aziz - Chairman of the Oxford Emerging Markets Symposium Steering Committee and former Prime Minister of Pakistan

'To solve the wicked problems confronting humanity and the planet, we need frugal innovators - wise problem solvers who operate with a business mind, social heart, and ecological soul. Building on earlier works on frugal innovation, this scholarly book offers a rigorous theoretical framework to understand, teach, and practice the art and science of designing and delivering frugal solutions that integrate six key elements: affordability, accessibility, simplicity, sustainability, quality, and purpose.'

Navi Radjou - Judge Business School, University of Cambridge and co-author of Jugaad Innovation and Frugal Innovation

'New models of innovation are desperately needed in global health systems which are being squeezed by increasing demand, declining budgets and rising complexity of disease. This book shows how frugal innovations can play a vital role in containing soaring healthcare costs while upholding quality standards, something which simply cannot be compromised in healthcare.'

Ara Darzi - Imperial College London, member of the House of Lords and former Parliamentary Under-Secretary of State at the Department of Health

'This book is needed! The marrying of social value and business value has gained steam in many circles with a focus on value - both human and economic. Frugal Innovation widens the path for intrepid innovators by grounding insightful conceptual frameworks upon an extensive base of empirical evidence.'

Kristian Olson - Director of the Consortium for Affordable Medical Technologies and Associate Professor, Harvard University Medical School, Massachusetts

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Contents


Page 1 of 2


  • 6 - Emerging Concepts in Innovation
    pp 160-188

Page 1 of 2


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