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

Autorentext

Alexander Brem is an Endowed Chaired Professor and Institute Director at the University of Stuttgart, Germany. He is also Honorary Professor at the University of Southern Denmark. His research interest is on technological innovation and entrepreneurship. Nivedita Agarwal is an Assistant Professor at the Chair of Technology Management at the University of Erlangen-Nürnberg (FAU), Germany. Her research focuses on social entrepreneurship, sustainability management and frugal innovations especially in this context of emerging markets. Her research highlights the role of innovation and entrepreneurship enabled by disruptive technologies in shaping the complex innovation ecosystems. She has published articles in several peer reviewed academic journals such as the Strategic Entrepreneurship Journal, Technological Forecasting and Social Change, Journal of Business Research and IEEE Transactions on Engineering Management. She is also the editor of the International Journal of Entrepreneurial Venturing and is on the editorial board of International Journal of Innovation and Technology Management.

Inhalt
Chapter 0 Introduction: What we don't know about Frugal Innovations yet? Future Research Potentials to Leverage Constraints for Driving Innovations on a Global Scale.- Chapter 1 Institutional Perspectives on Frugal Innovation.- Chapter 2 Frugal Innovation in Healthcare: Factors Affecting the Diffusion in Developing Economies.- Chapter 3 Strategic Alignment of Multinational Corporations for Frugal Innovation A Case Study.- Chapter 4 Quality Control of Frugal Products.- Chapter 5 User-driven Innovation with Frugal Characteristics: A Multi-Case Analysis of China's Innovation-Driven Economy.- Chapter 6 Fostering Frugal Innovation through Computer-aided Engineering: Benefits and Challenges for Emerging Economy Firms.- Chapter 7 Frugal Innovation for Developed Markets: Target Customers, Characteristics, Success Factors.- Chapter 8 New Business Models for Frugal Innovation: Experience from an Enterprise Supporting Sustainable Smallholder Agriculture in Kenya.- Chapter 9 Small Industrial Companies and Frugal Innovation: A Case Study in the State of Alagos/Brazil.- Chapter 10 Implementing Frugal Innovation: Leveraging Constraints as Opportunities for Electric Rickshaws in India.- Chapter 11 Building Sustainable Innovation Through Changes in Employee Behavior and Organizational Capabilities.- Chapter 12 Digital Transformation as Enabler of Affordable Green Excellence: An Investigation of Frugal Innovation in the Wind Energy Sector.- Chapter 13 Frugal Digital Innovation: Leveraging the Scale and Capabilities of Platform Ecosystems.