A good news: Center for Frugal Innovation (CFI) of the Hamburg University of Technology (Technische Universität Hamburg-Harburg; TUHH) has entered into a cooperation agreement with the Frugal Innovation Lab (FIL) of the Santa Clara University (SCU) in California, USA. The two parent institutions, i.e. SCU and TUHH recently signed a Memorandum of Understanding (MoU) for „Collaboration in the Area of Frugal Innovation“.
Lead markets play a crucial role in the global diffusion of innovations. Innovative firms actively seek access to such markets whilst policy makers, especially in Europe, have attempted to foster lead markets by concerted policy measures. Below, Rajnish Tiwari and Cornelius Herstatt suggest that the conventional wisdom on the emergence and functioning of lead markets needs a rethink to better reflect the changing dynamics in the global economy, and argue that dynamic economic growth in largely unsaturated markets and increasing technological capabilities are letting new lead markets emerge in the developing world.
In April 2013, a delegation of the Institute for Technology and Innovation Management (TIM) at Hamburg University of Technology (TUHH) conducted the “Innovation Lab – Grassroots Innovation” at the National Engineering School of Tunis (ENIT). The workshop was part of the TEMPUS-PARENIS project, funded by the European Commission. The participants of this full-day workshop were both, researchers and practice experts.
By: Rajnish Tiwari
Planned obsolescence is causing not only immense harm to the environment, it might even be regarded as a risky, and to some extent an irresponsible, business strategy in a world where consumption is growing exponentially owing to the rise of the middle class in the emerging economies like China, India and much beyond; and where natural resources are depleting even faster. Average prices of some commdities (e.g. iron ore) have increased over 300% in past 12-13 years. Maybe frugal innovations are both a means and a wake-up call for us as consumers and producers to „return back“ to a greater individual and collective relationality.
A new book by Rajnish Tiwari and Cornelius Herstatt dealing with frugal innovations and the role of emerging market countries, published by Springer
- Critical analysis of today’s dominant logic and extension of lead market paradigm
- Delivers new assessment tools for identifying emerging lead markets
- Explores opportunities for frugal innovations and their constituent characteristics
- Detailed analysis of a sunrise industry in India