Frugal Innovation (FI) DOI

Sonam Prabhakar,

Tushar Tiwari,

Pawan Prabhakar

et al.

IGI Global eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 281 - 326

Published: March 28, 2025

The concepts of FI have received considerable recognition in the past few that prioritizes development top-notch products or services despite having minimal resources. Entrepreneurship plays a key role as it allows individuals and communities to recognize possibilities, devise inventive solutions, generate value. entrepreneurship potential bring about significant advantages, they also encounter various obstacles. An important issue consider is long-term viability cost-effective solutions. This chapter focused on principles entrepreneurship, their influence society, problem challenges encounter. Together with this highlights inclusive sustainable practices frugal innovators entrepreneurs who can optimize foster fairer more future for everyone.

Language: Английский

Frugal Innovation: An Effective Approach to Address Global Conscious Consumption Patterns in the Context of Sustainable Development DOI Creative Commons
Marcela Sacanamboy‐Trujillo, Diana Escandón‐Barbosa

Business Strategy & Development, Journal Year: 2025, Volume and Issue: 8(1)

Published: March 1, 2025

ABSTRACT Frugal innovation is increasingly recognized as a catalyst for sustainable development, offering optimized quality, affordable solutions to resource‐constrained customers while aligning with global trends in conscious consumption. This study investigates how institutional leverage capability, sustainability orientation, and strategic flexibility drive frugal innovation—an area of growing importance both academia industry. Grounded the dynamic capabilities framework, this research examines impacts on fostering innovation. Data were collected from 400 Colombian small medium‐sized enterprises (SMEs) analyzed using structural equation modeling SPSS STATA software. The findings reveal that these organizational are critical drivers These results provide actionable insights managers seeking integrate principles into their strategies contribute academic discourse capabilities.

Language: Английский

Citations

0
Frugal Innovation (FI) DOI

Sonam Prabhakar,

Tushar Tiwari,

Pawan Prabhakar

et al.

IGI Global eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 281 - 326

Published: March 28, 2025

The concepts of FI have received considerable recognition in the past few that prioritizes development top-notch products or services despite having minimal resources. Entrepreneurship plays a key role as it allows individuals and communities to recognize possibilities, devise inventive solutions, generate value. entrepreneurship potential bring about significant advantages, they also encounter various obstacles. An important issue consider is long-term viability cost-effective solutions. This chapter focused on principles entrepreneurship, their influence society, problem challenges encounter. Together with this highlights inclusive sustainable practices frugal innovators entrepreneurs who can optimize foster fairer more future for everyone.

Language: Английский

Citations

0