Frugal Innovation: How to Do More with Less

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Profile Books Limited, 2015 - Creative ability in business - 252 pages
Winner of the CMI Management Book of the Year Award 2016Winner of the CMI Innovation and Entrepreneurship Book of the Year Award 2016With a Foreword by Paul Polman, CEO, Unilever. Frugal innovation is a way that companies can develop high-quality products and create more value with limited resources. In today's cost-constrained environment, companies in the developed economies are seeking new routes to long-term business success - while also appealing to cost-conscious and environmentally-aware consumers. With an estimated trillion-dollar global market for sustainable products, and with potentially huge cost savings to be gained, frugal innovation is revolutionising business and reshaping management thinking. This seminal book gives an overview of the principles, perspectives and techniques behind frugal innovation, connecting with key contemporary business concepts such as the sharing and circular economies and the maker movement. It offers a blueprint for leaders and managers in companies of all sizes and across all sectors on how to profit from doing business frugally.Based on the author's six key principles of frugal innovation, and packed with targeted advice and specific recommendations for business functions such as R&D, operations, HR and sales and marketing, Frugal Innovation is a masterclass in the art of doing more with less.

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FRUGAL INNOVATION: How to Do More With Less

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In textbook fashion, Radjou and Prabhu (Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth, 2012) elucidate six principles of frugal innovation. In the preface, the authors ... Read full review

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About the author (2015)

Navi Radjou is an innovation and leadership advisor based in Silicon Valley. He is a Fellow at Judge Business School, University of Cambridge, and winner of the 2013 Thinkers50 Innovation Award. Jaideep Prabhu is Professor of Marketing and Director of the Centre for India & Global Business at Cambridge Judge Business School. His research and consulting expertise straddles marketing, innovation, strategy and international business.Navi Radjou and Jaideep Prabhu have been named on the Thinkers50 list of management thinkers 'most likely to shape the future of how organisations are managed and led'

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