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Frugal Innovation and the New Product Development Process (PDF)
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Free Download Stephanie B.M. Cadeddu, "Frugal Innovation and the New Product Development Process "
English | ISBN: 0367029316 | 2019 | 278 pages | PDF | 5 MB
This book explores the new product development process of firms developing frugal innovation for the base-of-the-pyramid (BOP) markets in developing countries. Frugal innovations are products characterised by an affordable price-point, durability, usability and core functionalities that are highly adapted to BOP consumers' needs. Frugal products have the potential to drive the development progress and living standards of low-income consumers.
With an innovation framework developed from worldwide frugal case studies, this book provides detailed insights through two in-depth start-up firms in Indonesia that have successfully launched frugal products for the low-income market. These two start-ups have addressed two major development challenges for not just Indonesia, but also the global BOP market - traditional methods of cooking and access to clean drinking water.
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