Title | : | Frugal Innovation: How to do more with less |
Author | : | |
Rating | : | |
ISBN | : | 1610395050 |
ISBN-10 | : | 9781610395052 |
Language | : | English |
Format Type | : | Paperback |
Number of Pages | : | 272 |
Publication | : | First published February 3, 2015 |
Frugal innovation is a way that companies can create high-quality products with limited resources. Once the preserve of firms in poor markets, Western companies are now seeking ways to appeal to cost-conscious and environmentally-aware consumers at home. With an estimated trillion-dollar global market for frugal products, and with potentially huge cost savings to be gained, frugal innovation is revolutionizing business and reshaping management thinking. This book explains the principles, perspectives and techniques behind frugal innovation, enabling managers to profit from the great changes ahead. The book explains:
How to achieve mass customization, using low-cost robotics, inexpensive product design and virtual prototyping software.
How consumers and other external partners can help develop products
How to implement sustainable practices, such as the production of waste-free products
How to change the corporate culture to become more frugal
Frugal Innovation: How to do more with less Reviews
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In India, I have regularly heard stories or experienced innovations evolving out of a necessity to 'do more with less'. The authors have just formalized the principles which the Western companies can apply (especially ones who have generally experienced abundance). Overall, a good read with multiple case studies.
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A must read for every budding entrepreneur . It taught how to use less resources to impact the most powerful and sustainable business .
I would suggest to all read it , as every one of wants to be business owner at some point of life .
so better start finding ideas near your surroundings . -
Frugal Innovation: How to Do Better with Less [Book Review]. Journal of Scientometric Research, 2016, 5(2), 168-169.
http://jscires.org/article/162 -
I've been through chapter 1 and half of chapter 2. But I can say that the the book sometimes makes me laugh as it thoroughly describes pitfalls and bottlenecks that the company where I work at is facing. You really feel on the terrain the rise of a new R&D age that old management is not able to process or identify creating clashes with the millennial generation which is hungry for game changing methods... Definitely a good read!
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It did a good job explaining the concept of "Doing better with less". It urges me to re-think many aspects of my work life to make better things with the least effort. My favorite quote from this book is, "use the (new) plan to challenge ourselves to think and act differently."
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One of the most inspiring books I've read in a long time. The authors did an excellent job of laying out the theorectical framework of frugal innovation with lots of real-world examples to illustrate the approach in action.
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Lots of examples of frugal innovation.
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A good follow-up to the first book Jugaad Innovation.
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Heavily in the corporate world but with applicable lessons beyond it. Libraries have frequently been frugal but may be not always innovative enough
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This is a great book that reveals a new way of thinking. You have to challenge what you know about business in the west and envision different conditions.
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Its a very Indian perspective. Probably applicable on the global scale in several cases, as long as the visibility of such operational changes does not show itself on the customer-facing functions. Because after all, the third world syndrome is not something that will be easily swallowed by a consumer of the developed world.
But having said that, provided the trend towards frugality is within boundaries that prevent the risk of creating an aura of extreme sacrifice in terms of spending paradigms, the concepts in the book are pretty constructively anecdotally and analogically relevant. -
I won this book on Good reads first reads giveaway. I would have been more attracted should the two writers have dedicated more analysis on experiences in less developed countries where they dont have sufficient resources. Otherwise its a good read!
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Good book all in all, written for a lay audience. It rumbles on sometimes though. Liked it and suggest it.
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Jugaad Innovation was about frugality in India and in this follow up book the authors present jugaad in the modern developed world. It is interesting to relate sustainability with frugality.
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Detailed review here
http://www.anureviews.com/frugal-inno... -
This book is awesome and full of frugal ideas and techniques that can be used in business
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Very well articulated with adequate examples to show you exactly why this sort of thinking is important.
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Good concepts but ....
I expected to find tools and techniques to apply frugal innovation. Unfortunately, the book provided various some good concepts. _ -
High level simple and clear. Good companion to UX books as scope is wider yet releveant.