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What is Frugal Innovation

Chapter 1
Handbook of Research on Entrepreneurship Development and Opportunities in Circular Economy
Also known as frugal engineering, it consists of a group of functional solutions by minimizing the use of resources.
Published in Chapter:
Circular Economy: An Emerging Paradigm – Concept, Principles, and Characteristics
José Manuel Saiz-Alvarez (The Enzo Faletto Center for Studies and Research, University of Santiago de Chile and the Mexican Academy of Sciences, Mexico)
Copyright: © 2020 |Pages: 20
DOI: 10.4018/978-1-7998-5116-5.ch001
Abstract
Humankind wastes resources in a way that is unsustainable over time, which makes it necessary and desirable to implement waste recycling policies that benefit all of humanity. The arrival of the circular economy is strengthening the environmental awareness of the population as well as more efficient use of scarce resources on the planet. In addition to the circular economy, this chapter briefly analyzes the different models that currently exist to combat the deterioration of the environment, since it is the responsibility of current generations to leave a better world for future generations.
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Chapter 4
Towards a Classification Framework for Concepts of Innovation for and From Emerging Markets
A new solution, usually a product, which is generated through a new rethought process (compared to conventional innovation processes). Frugal innovation can be characterized by substantial cost reduction, concentration on core functionalities, and optimized performance level. Initiators can range from big multinational corporations to individuals and grassroots entrepreneurs. The market context is always an emerging one; sometimes the perspective expands to an industrialized market context.
Published in Chapter: Towards a Classification Framework for Concepts of Innovation for and From Emerging Markets; From: Responsible, Sustainable, and Globally Aware Management in the Fourth Industrial Revolution
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Chapter 14
Social Innovation and Environment: An Overview of the Tourism and Hospitality Industry of Europe
The term “frugal innovation” (FI) is ill-defined and used to refer to many different types of innovation, including bricolage, disruptive, cost, and grass-roots innovation.
Published in Chapter: Social Innovation and Environment: An Overview of the Tourism and Hospitality Industry of Europe; From: Frugal Innovation and Social Transitions in the Digital Era
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Chapter 10
Potentials of Frugal Innovation to Combine the Social and Economic Objectives in the Marketing of Social Enterprises: The Case of EinDollarBrille e.V.
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