A new magazine article by Rajnish Tiwari on India’s still-less-recognized foray into innovativeness and why global rankings can sometimes paint an erroneous picture of the true extent of this phenomenon. The article has been published in „Yojana„, a multi-lingual magazine published by the Ministry of Information and Broadcasting, Govt. of India (Vol. 58, Nov. 2014, pp. 45-48).
A Report on the Schmalenbach-TUHH Symposium
By: Dr. Rajnish Tiwari
On the 9th and 10th October 2014 a well-received symposium on the topic of frugal innovation was held at the premises of Hamburg University of Technology (TUHH). The symposium, carrying the title „Frugal Innovation“ und die Internationalisierung der FuE: Hintergründe, Strategien, Fallstudien (English title: “Frugal Innovation and the Internationalization of R&D: Backgrounds, Strategies and Case Studies”) was organized by the Working Group on Innovation Management of the Schmalenbach-Gesellschaft für Betriebswirtschaft e.V. (hereafter SG) in collaboration with the Center for Frugal Innovation (hereafter CFI) of TUHH. The symposium with close to 45 participants from the industry and academia was well-attended and saw some very interesting contributions by invited speakers. The insights generated here through a unique setting of business/academia interaction can potentially push the envelope of research and help expand the currently limited understanding of frugal innovations.
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A new paper by Stephan Buse and Rajnish Tiwari of the Center for Frugal Innovation at the Hamburg University of Technology that examines product and market cultivation strategies employed by German mid-sized firms („Mittelstand“) in the BRIC nations, especially China and India. The paper was preseneted at the XXV ISPIM Conference – Innovation for Sustainable Economy & Society, Dublin, Ireland on 8-11 June 2014.
A new paper that seeks to generate some preliminary insights on the use of inventive analogies in the process of creating frugal innovations. The paper has been authored by Rajnish Tiwari, Katharina Kalogerakis and Cornelius Herstatt and was presented at the recently-held R&D Management Conference (June 3-6, 2014) in Stuttgart.
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.