2013
DOI: 10.1016/j.technovation.2013.06.010
|View full text |Cite
|
Sign up to set email alerts
|

Capability building through innovation for unserved lower end mega markets

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

2
39
0
12

Year Published

2016
2016
2022
2022

Publication Types

Select...
5
3
1

Relationship

0
9

Authors

Journals

citations
Cited by 77 publications
(53 citation statements)
references
References 37 publications
2
39
0
12
Order By: Relevance
“…These frugal innovators must devise low-cost strategies to handle resource limitations when innovating, developing and delivering products and services to low-income users in emerging markets, where affordability, resources and institutional constraints exist [75]. Frugal innovators need to build innovation capabilities by creating an innovation process that overcomes 'the deficiency problem' in generating cheap priced original products [76]. A frugal mindset is encouraged not only by a resource scarce environment but also a higher tolerance for uncertainty [77].…”
Section: What Is Frugal Innovation?mentioning
confidence: 99%
“…These frugal innovators must devise low-cost strategies to handle resource limitations when innovating, developing and delivering products and services to low-income users in emerging markets, where affordability, resources and institutional constraints exist [75]. Frugal innovators need to build innovation capabilities by creating an innovation process that overcomes 'the deficiency problem' in generating cheap priced original products [76]. A frugal mindset is encouraged not only by a resource scarce environment but also a higher tolerance for uncertainty [77].…”
Section: What Is Frugal Innovation?mentioning
confidence: 99%
“…Current academic literature touts the potential of frugal innovations in healthcare for low-income, middle-income and high-income countries such as with Narayana Healthcare,11 Aravind12 or the GE Mac 400 13. All three began in India and there are several reasons that makes the Indian context conducive for healthcare innovations 26…”
Section: Discussionmentioning
confidence: 99%
“…The next step is to diffuse the innovations. Our global scan and research of frugal innovations, and their potential as reverse innovations, was commissioned by the Commonwealth Fund and was motivated by the need to extend the list of frugal innovations in healthcare beyond the eye-catching and oft-repeated examples such as Narayana’s US$1500 cardiac surgery,11 Aravind’s US$30 cataract surgery12 and General Electric’s US$800 MAC 400 portable ECG machine 13. Narayana Health took on the technical challenge to decrease the cost of one of the most expensive surgeries in the world, cardiac bypass, to approximately US$1500 per operation versus US$144 000 in the USA, US$27 000 in Mexico and US$14 800 in Colombia, while at the same time, upholding quality.…”
Section: Introductionmentioning
confidence: 99%
“…Demand differences contribute to reverse innovation, which include performance differences, infrastructure differences, sustainability differences, regulatory differences, and preferences differences. Lim et al [10] putting Nano car in India's Tata company's as example, expound how the latecomer films continuously improve their technological innovation capability through the reverse innovation strategy.…”
Section: B Research On Reverse Innovation Influencing Factorsmentioning
confidence: 99%