“Too good” to succeed? Why not just try “good enough”!

High-tech, German companies are facing a curious problem: their products are reportedly “too good” for the expanding global markets

—–

A new paper by Rajnish Tiwari and Cornelius Herstatt with the title >> “Too good” to succeed? Why not just try “good enough”! Some deliberations on the prospects of frugal innovations << (Working Paper No. 76, TIM/TUHH)

Abstract

High-tech, German companies are facing a curious problem: their products are reportedly “too good” for the expanding global markets. So in a way they get “penalised” for offering a superlative quality. At a second glance, though, this doesn’t seem surprising. For, succeeding in the emerging markets like India or China often requires developing market-specific products and services that enable an attractive value proposition without taking recourse to (excessive) over-engineering. Furthermore, the innovations should be able to cope with, and successfully circumvent, the given infrastructural restrictions ever so present in the rural and semi-urban areas in such economies.

[Read/download the full paper, PDF, 740 KB]

“Innovating more with less in India”

An article on the GE Look ahead blog of The Economist says, “Solar-powered ATMs and other frugal energy projects point the way to a more sustainable global future”. Continue reading