How disruptive is frugal?

Balkrishna C. Rao

Technology in Society, 2013, vol. 35, issue 1, 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.

Keywords: Frugal-innovation; Disruptive innovation; Global warming; Financial crisis; Sustainability (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (52)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:35:y:2013:i:1:p:65-73

DOI: 10.1016/j.techsoc.2013.03.003

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