Frugal Innovations in Healthcare: Factors Affecting the Diffusion in Developing Economies

Arshad, Hareem

doi:10.1007/978-3-030-67119-8_2

Cited by 2 publications

(1 citation statement)

References 54 publications

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“…Second, recent studies have indicated that SMEs actively engage in FI (Hossain et al, 2023). Therefore, by focusing on these specific industrial areas, the present research aims to gain insights into the practices and impact of FI within the context of emerging SMEs (Arshad, 2021; Bhatti & Ventresca, 2013; Iqbal et al, 2022). As a result, it offers an excellent opportunity to collect relevant data from the industry concerned.…”

Section: Methodsmentioning

confidence: 99%

Managerial Proactiveness, Frugal Innovation and Firm Performance

Dost,

Umrani

2024

The Journal of Entrepreneurship

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Firms use frugal innovations—affordable, functional and long-lasting solutions—to address issues in developing markets. These innovations aid businesses in providing valuable customer services, opening new markets and achieving sustainable goals that add value and stimulate the economy. However, our understanding of the link between frugal innovation and business performance is limited. To address this issue, the authors used a resource-based view and stakeholder theories to investigate the link between frugal innovation and firm financial and environmental performance and the moderating role of managerial proactiveness. The study analysed data from 580 CEOs in emerging markets, and the findings revealed that frugal innovation significantly enhances a firm’s financial and environmental performance. Managerial proactiveness also moderates the impact of frugal innovation on financial and environmental performance. The article concludes by discussing the theoretical and managerial implications, highlighting the importance of frugal innovation and the role of managerial proactiveness in driving firm performance.

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