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Reshaping Higher Educational Institutions through Frugal Open Innovation

Jayamalathi Jayabalan, Magiswary Dorasamy, Murali Raman · 2021 · Journal of Open Innovation Technology Market and Complexity

Summary. Private higher education institutions face financial stress and competitive pressure. This study finds that these institutions can achieve frugal open innovation by leveraging intangible assets like intellectual capital and IT capabilities rather than relying solely on tangible assets. The research identifies five main challenges—structural, operational, financial, social, and technological—and proposes that sales and operating planning can address them, enabling universities to integrate better with industry and communities while improving operational efficiency.

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Jayabalan, J., Dorasamy, M., & Raman, M.. (2021). Reshaping Higher Educational Institutions through Frugal Open Innovation. Journal of Open Innovation Technology Market and Complexity. https://doi.org/10.3390/joitmc7020145

Details

DOI
10.3390/joitmc7020145
Countries
Malaysia
Regions
Asia
Categories
education, innovation-theory, general-innovation
Added
2026-04-28