Details
| Original language | English |
|---|---|
| Article number | 123444 |
| Number of pages | 14 |
| Journal | Technological Forecasting and Social Change |
| Volume | 204 |
| Early online date | 10 May 2024 |
| Publication status | E-pub ahead of print - 10 May 2024 |
Abstract
In existing works, frugal innovations are predominantly associated with emerging markets. Little is known about the development and diffusion of frugal innovations in industrialized economies or high-income countries. According to recent research, this can also be attributed to structural differences between emerging and industrialized economies. However, very little empirical research exists that examines the impact of such differences on frugal innovation. This paper develops initial steps towards assessing frugal attributes of existing products. In addition, it can be assumed that the application of certain frugal design principles inhibits attractiveness in certain markets due to the resulting lower level of amenities. However, frugality methods that rely more heavily on internal customization also exist. Accordingly, the possibility of using these methodologies also exists beyond serving the needs of the poor, fulfilling the needs of societies in general, including high-income population groups.
Keywords
- Advanced frugal innovation, Affordable products, Frugal design principles, Green technologies, Sustainability
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Business and International Management
- Psychology(all)
- Applied Psychology
- Business, Management and Accounting(all)
- Management of Technology and Innovation
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In: Technological Forecasting and Social Change, Vol. 204, 123444, 07.2024.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Serving society at large
T2 - Operationalization and evidence of (advanced) frugal innovation in industrialized economies
AU - Barnikol, Julian
AU - Liefner, Ingo
N1 - Publisher Copyright: © 2024 The Authors
PY - 2024/5/10
Y1 - 2024/5/10
N2 - In existing works, frugal innovations are predominantly associated with emerging markets. Little is known about the development and diffusion of frugal innovations in industrialized economies or high-income countries. According to recent research, this can also be attributed to structural differences between emerging and industrialized economies. However, very little empirical research exists that examines the impact of such differences on frugal innovation. This paper develops initial steps towards assessing frugal attributes of existing products. In addition, it can be assumed that the application of certain frugal design principles inhibits attractiveness in certain markets due to the resulting lower level of amenities. However, frugality methods that rely more heavily on internal customization also exist. Accordingly, the possibility of using these methodologies also exists beyond serving the needs of the poor, fulfilling the needs of societies in general, including high-income population groups.
AB - In existing works, frugal innovations are predominantly associated with emerging markets. Little is known about the development and diffusion of frugal innovations in industrialized economies or high-income countries. According to recent research, this can also be attributed to structural differences between emerging and industrialized economies. However, very little empirical research exists that examines the impact of such differences on frugal innovation. This paper develops initial steps towards assessing frugal attributes of existing products. In addition, it can be assumed that the application of certain frugal design principles inhibits attractiveness in certain markets due to the resulting lower level of amenities. However, frugality methods that rely more heavily on internal customization also exist. Accordingly, the possibility of using these methodologies also exists beyond serving the needs of the poor, fulfilling the needs of societies in general, including high-income population groups.
KW - Advanced frugal innovation
KW - Affordable products
KW - Frugal design principles
KW - Green technologies
KW - Sustainability
UR - http://www.scopus.com/inward/record.url?scp=85192318788&partnerID=8YFLogxK
U2 - 10.1016/j.techfore.2024.123444
DO - 10.1016/j.techfore.2024.123444
M3 - Article
AN - SCOPUS:85192318788
VL - 204
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
SN - 0040-1625
M1 - 123444
ER -