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How Can ‘Frugal Innovation’ Be Conceptualized?

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Innovation management

Frugal innovation

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Frugal innovation can be conceptualized as a strategy that focuses on doing more with less, generating significant business and social value while reducing the use of scarce resources . It involves creating offerings that are affordable, sustainable, and of high quality, viewing resource constraints as growth opportunities rather than challenges . Frugal innovation is gaining interest globally, particularly in emerging and developed countries, due to its ability to address social, economic, and environmental benefits . The concept encompasses dimensions such as affordability, acceptability, core functionality, and sustainability, with a positive impact on business performance, moderated by organizational and industrial environmental variables . Overall, frugal innovation represents a flexible mindset and approach towards innovation, especially in extreme contexts marked by institutional voids and resource scarcity .

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Journal Article•DOI How Can ‘Frugal Innovation’ Be Conceptualized? Yasser Bhatti, Marc J. Ventresca - Show less +1 more 19 Jan 2013-Social Science Research Network 68 Citations	Frugal innovation can be conceptualized by analyzing historical and current perspectives on frugality and innovation, leading to a defined theoretical framework for future research and practice.
Open access•Posted Content Antecedents and Consequences of Frugal Innovation - A Conceptual Model Harpreet Singh Bedi, Sandeep Vij - Show less +1 more 14 Nov 2016-Social Science Research Network	Frugal innovation can be conceptualized through affordability, acceptability, core functionality, and sustainability dimensions, with a positive impact on business performance, moderated by organizational and industrial variables.
Book Chapter•DOI Frugal Workplace Innovation: A Conceptual Framework Daniel Etse, Adela McMurray, Nuttawuth Muenjohn - Show less +2 more 01 Jan 2021 2 Citations	Frugal innovation can be conceptualized through the creation of a frugal workplace innovation environment, involving predictors, mediating variables, and outcomes, as outlined in the conceptual framework developed in the paper.
Open access•Journal Article “frugal innovation – a meta study of jugaad mindset in india” Dr.Parul Sharda 31 Jul 2017-The Global Journal of Multidisciplinary Studies	Frugal innovation is conceptualized as a mindset in India that focuses on creating more value with fewer resources, viewing constraints as opportunities for growth in an "Age of Austerity."

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