Disruptive and frugal innovation

Question 1

Disruptive innovation

Answer 1

Disruptive innovation is an innovation that simplifies and makes more affordable products and services to undesirable or ignored markets.

Question 2

How to identify disruptive innovation

Answer 2

• Is the innovation targeting people who are no consumers or overserved by existing products?
• Is the innovation not as good as existing products as judged by historical measures of performance?
• Is the innovation simpler to use, more convenient, and more affordable?
• Is there a technology enabler that can carry the new value proposition upmarket?
• Is the technology paired with a business model innovation that allows it to be sustainable?
• Are existing providers motivated to ignore the new innovation and not threatened at the outset?

Question 3

Is sustainable innovation part of disruption?

Answer 3

It is improper to remove sustainable innovation from the discussion of disruption, because disruption is a process, often including many sustainable innovations

Question 4

Recent examples of disruptive innovation

Answer 4

Southwest airlines, Netflix and Tesla

Question 5

Frugal Innovation

Answer 5

Frugal innovation (FI) re-engineers traditional R&D, it offers more agile and customer-focused innovation, it is the process of reducing the complexity and cost of a good and its production.
- Targets the customer’s hidden aspiration or unvoiced problem
- Represents a move from a linear model to circular models of innovation
- Constitutes a collaborate approach to innovation
- Is a complementary approach to traditional R&D

Question 6

Frugal Innovation can be split into two categories?

Answer 6

• FI complements and simplifies existing technology
• Jugaad innovation unlocks business creativity in resource constrained environments.

Question 7

Digital technology drives frugal innovation examples?

Answer 7

• Feature phone based solutions
• Affordable smartphones
• Open source hardware
• Mobile Banking

Question 8

Fugal innovation is not limited to basic products examples?

Answer 8

• India landing on the moon for less than interstellar
• Increased productivity through minimum asset input and easy-to-use
• Speedy innovation and avoidance of over-engineered solutions
• Reduced innovation budgets
• Lower production costs