An Analysis of New Product Development Processes in Frugal Innovation
Title | An Analysis of New Product Development Processes in Frugal Innovation PDF eBook |
Author | Benazir Bhutto |
Publisher | |
Pages | |
Release | 2021 |
Genre | |
ISBN |
Frugal Innovation and the New Product Development Process
Title | Frugal Innovation and the New Product Development Process PDF eBook |
Author | Stephanie B.M. Cadeddu |
Publisher | Routledge |
Pages | 222 |
Release | 2019-01-17 |
Genre | Business & Economics |
ISBN | 0429671180 |
This book explores the new product development process of firms developing frugal innovation for the base-of-the-pyramid (BOP) markets in developing countries. Frugal innovations are products characterised by an affordable price-point, durability, usability and core functionalities that are highly adapted to BOP consumers’ needs. Frugal products have the potential to drive the development progress and living standards of low-income consumers. With an innovation framework developed from worldwide frugal case studies, this book provides detailed insights through two in-depth start-up firms in Indonesia that have successfully launched frugal products for the low-income market. These two start-ups have addressed two major development challenges for not just Indonesia, but also the global BOP market – traditional methods of cooking and access to clean drinking water. A detailed roadmap is developed from insights into the processes and management decisions of these two start-ups and combined with previous studies on frugal products. Providing a detailed roadmap across the different phases and stages of the new product development process when developing frugal products, this book will be insightful to not only innovators but also investors and government agencies supporting their activities.
Frugal Innovation
Title | Frugal Innovation PDF eBook |
Author | Yasser Bhatti |
Publisher | Cambridge University Press |
Pages | 341 |
Release | 2018-11-15 |
Genre | Business & Economics |
ISBN | 1107188970 |
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.
Frugal Innovation and Its Implementation
Title | Frugal Innovation and Its Implementation PDF eBook |
Author | Nivedita Agarwal |
Publisher | Springer Nature |
Pages | 305 |
Release | 2021-05-11 |
Genre | Business & Economics |
ISBN | 3030671194 |
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.
Frugal Innovation
Title | Frugal Innovation PDF eBook |
Author | Adela J. McMurray |
Publisher | Routledge |
Pages | 340 |
Release | 2019-11-28 |
Genre | Business & Economics |
ISBN | 0429655274 |
Customers are increasingly seeking "low-cost, high-quality" or what is known as frugal products that meet the buyer’s needs while reducing the associated cost of ownership. This book examines the developing principles and theories of frugal innovations across the globe. The authors identify frugal innovation (FI) using a multi-method approach to data analysis. They argue that the concept of frugality as a societal/ethical value has undergone several changes and propose a differentiated model of frugal innovations. They address frugal innovations that have never been accessible to the public. Hands-on case studies across various industry sectors and countries, supported by theory, provide multiple learning opportunities. The authors explore the relationship between FI and digitalisation and technology, and discuss how FI can be applied in the context of contemporary issues such as food security. Further, they articulate the mechanisms by which FI beliefs and values can be incorporated into organisational culture. The final chapters address both ethical and controversial views of frugal innovation. The book is a valuable resource for students in business courses, for industry professionals wanting to improve their triple bottom line, and for educators wanting to influence and change the mindsets of the younger generations to effectively deal with today’s and tomorrow’s challenges.
The Economics of Frugal Innovation
Title | The Economics of Frugal Innovation PDF eBook |
Author | Christian Le Bas |
Publisher | Edward Elgar Publishing |
Pages | 186 |
Release | 2023-02-14 |
Genre | Social Science |
ISBN | 1035302330 |
In light of the tremendous growth of frugal product and process innovations in emerging markets and Northern economies, this book offers a clear understanding of this new direction of technological change with a Schumpeterian analytical frame. Characterising frugal innovation as a new technological paradigm, it illuminates the relationship between frugality and sustainability.
Handbook of Research on New Product Development
Title | Handbook of Research on New Product Development PDF eBook |
Author | Peter N. Golder |
Publisher | Edward Elgar Publishing |
Pages | 469 |
Release | 2018 |
Genre | Business & Economics |
ISBN | 1784718157 |
New products are the major driver of revenue growth in today's dynamic business environment. In this Handbook, the world's foremost experts on new product development bring together the latest thinking on this vitally important topic. These thought-leading authors organize knowledge into useful and insightful frameworks covering all aspects of new product development: companies, collaborators, customers, context, markets, and performance. Managers will benefit from the handbook by expanding their knowledge of new product development and researchers will learn about opportunities to continue expanding on this body of knowledge.