Topic
Frugal innovation
About: Frugal innovation is a research topic. Over the lifetime, 472 publications have been published within this topic receiving 9290 citations.
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28 Nov 2019
TL;DR: In this paper, the authors present a product concept that fulfills the identified customer needs and has the potential for significant cost reduction compared to comparable products in the company's portfolio, while maintaining full support of all relevant stakeholders, including senior management.
Abstract: The company develops and manufactures a wide variety of electrical components and solutions for high-tech industries, such as Smart Cities, E-Mobility, or Renewable Energy. The company’s long-term strategy strives to integrate a frugal innovation (FI) approach for all affected business units. A technology project potentially provides more freedom to work on emerging technical issues and hence better conditions for learning. On the product site, the team is very engaged in developing a frugal solution and mechanical as well as electrical designs are in the process of being optimized for simplicity and minimum use of resources. FI champions should keep this in mind and develop strategies to gain and maintain full support of all relevant stakeholders, including senior management. The developed product concept likely fulfills the identified customer needs and has the potential for significant cost reduction compared to comparable products in the company’s portfolio.
09 Oct 2019
TL;DR: The peculiar attentiveness to the sparse usage of raw materials and resources offered by frugal innovation is also relevant for rethinking the design process in view of sustainable development.
Abstract: Frugal Innovation is an unorthodox approach to product design recognized in many developing countries, where creativity is essential to generate solutions that increase economic and social value while fewer resources, usually taken for granted are available, if at all, keeping the focus on delivering the main function with state-of-art technology. Big companies are also applying a similar philosophy, called “disruptive innovation” or “reverse innovation”, to meet the needs of potential customers with limited buying power and enter new markets, introducing novel business models. The peculiar attentiveness to the sparse usage of raw materials and resources offered by frugal innovation is also relevant for rethinking the design process in view of sustainable development.
TL;DR: In this article, the authors present a systematic review of studies on digital taxation to promote frugal innovation published in the past three decades (1991 to 2021) and obtain a total of 21 papers from a ‘digital taxation’ keyword search, 10 of which were related to digital taxation.
Abstract: Background: In the era of the Fourth Industrial Revolution (IR 4.0), digital taxation emerged as a tool for accelerating the economic growth of a nation. While Industry 4.0 focuses on enabling real-time decision-making with sophisticated technology to enhance productivity, digital taxation can serve as an important tool for improving business sustainability. Institutions of higher learning (IHL), which aim to design an IR 4.0 educational ecosystem, can embrace digital taxation, as they face various challenges with different resources. The literature indicates that frugal innovation through digital taxation in institutions of higher learning, can solve emerging resource challenges. Method: We present a systematic review of studies on digital taxation to promote frugal innovation published in the past three decades (1991 to 2021). We obtained a total of 21 papers from a ‘digital taxation’ keyword search, 10 of which were related to digital taxation. However, the 10 papers were not related to frugal innovation. Result: We present two major findings. Firstly, research on digital taxation for frugal innovation is scant. Secondly, challenges exist in digital taxation implementation, which requires further attention. Conclusion: We conclude this review with a recommendation for the conceptual framework, to highlight potential research warranting the attention of the research community.
TL;DR: A systematic review of the literature and adopts the Transfield five-phase strategy to review the literature on AEE from the past two decades (2000-2020) is presented in this article.
Abstract: Higher education institutions (HEI) are faced with increasing challenges related to shrinking resources, high operation costs, the COVID-19 pandemic, decreasing student enrolment rates, and pressure to contribute to regional development and economic growth. To overcome such challenges, academics must move beyond their traditional functions of research and teaching and engage in entrepreneurial activities. Through engagement in entrepreneurial activities, academics can contribute to frugal innovation (FI) in private HEI (PHEI). The literature in this context emphasizes that academic entrepreneurial engagement (AEE) will lead to innovation, the identification of opportunities for new business ventures, financial rewards for institutions and academics, an impact on the economy, and the enhancement of social welfare. This study presents a systematic review of the literature and adopts the Transfield five-phase strategy to review the literature on AEE from the past two decades (2000–2020). A total of 1,067 papers on FI are obtained, only five of which focus on AEE. Moreover, papers related to AEE for FI are few. The study presents the research gaps, challenges, and potential factors for further research in this context. We conclude that FI for AEE in PHEI can be a game-changer for future sustainability. Moreover, we believe that the outcome of this review warrants further research.