Frugal innovation "is a new style of innovation, which are popular in India and other countries in the global south, where citizens face global challenges such as poverty and climate change with limited resources. Solutions he proposes should be inexpensive, reliable and easy to use, and has the potential to be targeted at large populations. However, the solutions are usually developed and used at the local level, and scaling local innovation are some of the key issues. The authors describe how to go about creating a "hybrid model" for expanding innovation, which entails consideration five factors are basic. Cost, active demand, sustainable business model, the result of the demonstration and effective leadership "Hide
by Dilip Soman, Vandana Kumar, Murray Metcalfe, Joseph Wong Source: Rotman School of Management, 5 pages. Publication Date: September 1, 2012. Prod. #: ROT180-PDF-ENG
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