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http://ssrn.com/abstract=2005910
 
 

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What is Frugal, What is Innovation? Towards a Theory of Frugal Innovation


Yasser Ahmad Bhatti


University of Oxford - Said Business School - Oxford Centre for Entrepreneurship and Innovation

February 1, 2012


Abstract:     
Innovation in emerging markets offers fertile ground for theory development. In recognition of the growing trend in “frugal innovation” discourse among practitioners particularly in emerging economies, we parse “frugal innovation” into "frugal" and "innovation" separately and present the underlying meanings towards understanding "frugal innovation" in historical and contemporary contexts. We further develop a theoretical model of frugal innovation by applying existing theories to emerging market contexts. We do so by merging technology innovation, institutional innovation, and social innovation literatures to argue that frugal innovation lies at the intersections of these streams. We show how using the model to understand what the space currently looks like may help to offer a consolidated and encompassing theory of frugal innovation and aid in opening a research agenda.

Number of Pages in PDF File: 45

Keywords: Frugal innovation, emerging market, resource constraints, affordability, institutional voids, theory

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Date posted: February 17, 2012  

Suggested Citation

Bhatti, Yasser Ahmad, What is Frugal, What is Innovation? Towards a Theory of Frugal Innovation (February 1, 2012). Available at SSRN: http://ssrn.com/abstract=2005910 or http://dx.doi.org/10.2139/ssrn.2005910

Contact Information

Yasser Ahmad Bhatti (Contact Author)
University of Oxford - Said Business School - Oxford Centre for Entrepreneurship and Innovation ( email )
Park End Street
Oxford, OX1 1HP
Great Britain
HOME PAGE: http://www.frugal-innovation.com/about
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By Yasser Bhatti University of Oxford - Said Business School - Oxford Centre for Entrepreneurship and Innovation

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