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How disruptive is frugal?
Published in
2013
Volume: 35
   
Issue: 1
Pages: 65 - 73
Abstract
Global warming and the recent financial crises have prompted a rethink among businesses on the production of cost-effective products and services. Frugal-innovations, with their genesis mainly in India, are accordingly becoming popular in emerging and developed economies due to their lower costs and no frills structure. By studying a variety of frugal-innovations, this effort brings out the features of these innovations and also examines their disruptiveness vis-à-vis other innovations. Furthermore, this paper has formalized the frugal-innovation process based on examples covered in this effort. Such a formalization will aid in the metamorphosis of an ordinary innovation into the frugal type. © 2013 Elsevier Ltd.
About the journal
JournalTechnology in Society
ISSN0160791X
Open AccessNo
Concepts (18)
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    DEVELOPED ECONOMIES
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    Disruptive innovations
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    FINANCIAL CRISIS
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    FRUGAL-INNOVATION
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    PROCESS-BASED
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    Production of
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    Products and services
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    Education
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    Sustainable development
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    Technology
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    Global warming
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    COST-BENEFIT ANALYSIS
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    Economic development
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    FINANCIAL CRISIS
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    FINANCIAL SYSTEM
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    Innovation
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    Sustainability
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    India