Frugal Innovation

 

For any growing company or small team, being able to do more with less is key to success. According to the TED talk by Navi Radjou on the essence of frugal innovation, “Frugal innovation is the ability to create more economic and social value using fewer resources.” We hope you enjoy this little piece of inspiration today.

Click here to watch the talk.

Here is a summary from TED:
“Navi Radjou has spent years studying “jugaad,” also known as frugal innovation. Pioneered by entrepreneurs in emerging markets who figured out how to get spectacular value from limited resources, the practice has now caught on globally. Peppering his talk with a wealth of examples of human ingenuity at work, Radjou also shares three principles for how we can all do more with less.”

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