Frugal Innovation Hardcover

Yasser Bhatti

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.

1107188970

English

Cambridge University Press

2018

336

Yasser Bhatti is a Research Fellow at the Institute of Global Health Innovation, Imperial College London. His social innovation research focuses on the role of emerging market economies and situated actors, such as social entrepreneurs, in emerging trends in innovation that include frugal and reverse innovation. Most recently, he served as an expert on the scientific advisory board of the European Commission project on Frugal Innovation.