Small Industrial Companies and Frugal Innovation: A Case Study in the State of Alagoas/Brazil

Rosário, Francisco José Peixoto; Lima, Araken Alves de

doi:10.1007/978-3-030-67119-8_9

Cited by 1 publication

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“…A recent study also pointed out how to identify frugal candidates for patents (Kronemeyer et al, 2021), while another study extended FI to the concept of frugal entrepreneurship (Hossain & Sarkar, 2021). In addition, studies are increasingly embracing new research avenues, such as leadership (Lei et al, 2021), product and process strategies (Rosário & de Lima, 2021), and the FI-development process and how it contrasts with the conventional product-development process (Brem et al, 2020). The development of frugal innovations often encounters challenges, with reluctance from top management, a lack of business acumen, and prototyping difficulties representing the main barriers for FI (Niroumand et al, 2021).…”

Section: Frugal Innovationmentioning

confidence: 99%

Frugal innovation: Antecedents, mediators, and consequences

Hossain

Agarwal

Bhatti³

et al. 2022

Creat Innov Manage

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Frugal innovation (FI) describes a phenomenon whereby solutions are developed to serve low‐income customers, mainly in developing countries, with affordable products and services that help address pressing social and environmental problems. Despite a decade of academic interest in FI, we still lack an overarching understanding of the various facets of this phenomenon. Based on 48 in‐depth interviews for 23 cases, we integrated and validated 10 years of FI scholarship. This study therefore set out to develop a comprehensive framework for FI, one that would identify its antecedents, mediators, and consequences. Such a framework promises a holistic perspective for FI by linking these identified factors to the concept of sustainability. The findings also reinforce the dual contribution that FI makes in terms of both business growth and inclusive growth. Finally, this study discusses the theoretical and practical implications and provides some suggestions for future research on FI.

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