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Frugal Innovation How to Do More with Less

Frugal Innovation: How to Do More with Less

By Navi Radjou, Jaideep Prabhu, and The Economist

Winner of the CMI Management Book of the Year 2016 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.

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Book Information

Publisher: Economist
Publish Date: 02/10/2015
Pages: 272
ISBN-13: 9781610395052
ISBN-10: 1610395050
Language: Eng

What We're Saying

June 01, 2015

Our business book bestsellers for the month of May, 2015 READ FULL DESCRIPTION

June 19, 2015

Adrian Woolridge's Shumpeter column for The Economist has been mined for the best material and published as a book. READ FULL DESCRIPTION

February 19, 2015

PublicAffairs and The Economist team up with two brilliant authors to show us how to create more value with the increasingly limited resources available to us. READ FULL DESCRIPTION

Full Description

Winner of the CMI Management Book of the Year 2016 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

About the Authors

Navi Radjou is an independent innovation and leadership consultant based in Palo Alto, California, and a fellow at Judge Business School, University of Cambridge.

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Navi Radjou is an innovation and leadership advisor based in Silicon Valley. A Fellow at Judge Business School, University of Cambridge, he won the 2013 Thinkers50 Innovation Award and spoke at TED Global 2014. He is a regular contributor to Harvard Business Review online. Previously, he served as Vice President at Forrester Research in Boston and San Francisco.

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Jeremy Kourdi is a business consultant and executive coach, founding director of the executive coaching firm Entendeo Ltd, and the author of twenty-five books. Formerly senior vice president with the Economist, he has also worked with a wide range of organizations including The Economist Group, Duke Corporate Education, HSBC, Novartis, Pearson, Tetra Pak, Zurich/Farmers Insurance, the IMD Business School and London Business School.

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