Innovation

Frugal Innovation

By Navi Radjou, Jaideep Prabhu

Brief Description

Frugal innovation is a way that companies can create high-quality products with limited resources. Once the preserve of firms in poor markets, Western companies are now seeking ways to appeal to cost-conscious and environmentally-aware consumers at home. With an estimated trillion-dollar global market for frugal products, and with potentially huge cost savings to be gained, frugal innovation is revolutionizing business and reshaping management thinking. This book explains the principles, perspectives, and techniques behind frugal innovation, enabling managers to profit from the great changes ahead. The book explains:

How to achieve mass customization, using low-cost robotics, inexpensive product design and virtual prototyping software.

How consumers and other external partners can help develop products
How to implement sustainable practices, such as the production of waste-free products
How to change the corporate culture to become more frugal. (Source)

WISE: Innovation in Education

By Charles Leadbeater

Brief Description

Innovation in Education explores the work of 16 pioneers around the world who have developed new, effective approaches to education that work at scale. These pioneers are almost all drawn from applicants for awards from the World Innovation Summit for Education (WISE). By tracing the story of how these pioneering innovations came about, developed, spread and grew to scale, the book aims to raise awareness of why innovation in education is needed, where it comes from and how it can be generated.