As I've dug into examples of Frugal Innovation, I've been struck by the number of instances where virtual teaming has been an important factor. Since we are surrounded by electronic... Leer más →
The principles of Frugal Innovation were created in developing companies. Firms like Husk Power Systems were established to operate, in part, to serve communities with few resources. In developed countries,... Leer más →
"Make the poor your market" is one of the central tenets of Frugal Innovation. I mentioned it in my first post on this subject, and, taken literally, it speaks to... Leer más →
Current measurement practices may provide the biggest barrier to successful implementation of frugal innovation. Management schools provide students with a lot of tools to track cash flow, customer satisfaction, inventory,... Leer más →
Frugal innovation, like all innovation, is a social activity. The best work comes from a team with a variety of capabilities, perspectives, and experiences, and the ability to share their... Leer más →
How unlikely is this? I was in the midst of brainstorming this article, looking for examples that demonstrated the business sense of opening up new markets -- inspired by the... Leer más →
Innovators were often driven by a passion to fulfill the needs others, especially those who are poor and disadvantaged. If you look at the examples of frugal innovation, the products... Leer más →
Frugal innovation takes advantage of available resources, but it doesn’t just put them to use in an obvious way. Materials, skills, and tools are combined in creative and surprising ways.... Leer más →
The biggest barrier to innovation is a lack of funding, so frugal innovation has an immediate advantage. Doing things on the cheap means less work in finding money and lower... Leer más →
Last time, I wrote about Frugal Education. With the pressures on education, it is an obvious choice for applying a new approach that brings benefits to more people while cutting... Leer más →
