Sunday, April 24, 2016

Differentiating Frugal Innovation, disruptive innovation and ground-breaking innovation ..

Disruptive Innovation over
postal services
Frugal (Gandhian) innovation
Frugal innovation (also called Gandhian Innovation) is innovation which reached more people, with more features, at less cost.
Disruptive Innovation (path-breaking) is offering more features (not essentially reaching more people) at less cost
Ground-breaking innovation

Ground-breaking innovation is innovation that shatters existing principles of sciences and logic of human thinking, for example mitticool, the zero energy refrigerator for the masses..

The coming years, the most exciting
innovative work will be in the realm of ground-breaking innovation and most of that will come from developing countries that face a great constraint on resources.

george

No comments:

Post a Comment

Mukesh Ambani shares entrepreneurial lessons ..

Mukesh Ambani is India's richest industrialist, though Reliance family is second to Tata Sons as the largest business conglomerate i...

My popular posts over the last month ..