Frugal innovation

About: Frugal innovation is a research topic. Over the lifetime, 472 publications have been published within this topic receiving 9290 citations.

Creative Enterprise From the Medieval to the Modern Period: Alternative Perspectives

Abstract: Entrepreneurs have generated creative ideas for many centuries, and across a range of industries. Two books have recently appeared addressing the issue of entrepreneurial creativity from different perspectives. They are compared and contrasted in this article. Historical precedents for innovation are examined in one, while contemporary examples are the focus of Tsang’s volume. Strategies used to encourage innovation in medieval and early modern towns inform on contemporary debates on the role of traditional industries in India. Experiments in new forms of production were encouraged, rather than deterred, and investment in training helped traditional crafts to retain a reputation for quality and develop regional specialisms. Both books highlight that necessity can encourage innovation, a situation which has parallels to current debates on frugal innovation in India.

Top management perception on green innovation in Malaysian GLCs practice

Abstract: Today the environmental issues have influenced the organizations all over the world to innovate into green environmentHence, Government-Linked Companies (GLCs) in Malaysia has to follow the green implementation trends in doing businesses either locally or globallyThis study explores the perception of the top management in GLCs towards green innovation implementation in their organizations, and the reason of the implemention for the compacies that already employ the green innovationThis is a multiple case studies where the organizations selected are according to the categories of the GLCs industriesData are collected from the interviews conducted with the top managers of the GLCs at their officesThe findings show that green innovation is implemented by the top management direction where they make the current organizational frugal innovation into green The implementation outcome provides the GLCs with organizational sustainability through the image, branding and more green projects in the future as they are being the leader in their industries

Best Practices for Frugal and Sustainable Innovation

Abstract: While innovation is defined as the successful exploitation of new ideas incorporating new technologies, design, and best practice, the frugal innovation involves the use of local resources to come up with affordable, functional products that provide value for money. Frugal innovation is about creating efficient products to provide desirable user experience, at low cost by using resources frugally, while maintaining the safety and quality standards. Sustainable innovation could be defined as innovation that improves sustainability performance, where such performance includes ecological, economic, and social criteria. Sustainable innovation is a process where sustainability considerations are integrated into company systems from idea generation through to research, development, and commercialization. This applies not only to products and services, as well as to new business, technologies, and organizational models. Businesses nowadays cannot be competitive anymore just because of their industry or labor cost advantages. They can only remain competitive if they are highly focused on sustainability. On the other hand, in frugal innovation you must have the ability to do “more with less” by focusing on the creation of significant more business and social value while minimizing the use of resources. This study explores the best practices for frugal and sustainable innovation by investigating internal and external stakeholders in the top European countries in terms of sustainability and innovation. We discuss the implications of our findings aiming to build robust influential efforts for policy makers.