Frugal innovation: aligning theory, practice, and public policy

Pavan Soni, Rishikesha T. Krishnan · 2014 · Journal of Indian Business Research

Summary. Frugal innovation comprises three distinct components: mindset, process, and outcome, each driven by different conditions. Three types of innovators practice frugal innovation—grassroots, domestic enterprises, and multinational subsidiaries—each with unique incentives. Resource scarcity, weak institutions, and uncertainty tolerance encourage frugal mindsets, while poor property rights and lead markets shape frugal processes and outcomes.

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Soni, P., & Krishnan, R. T.. (2014). Frugal innovation: aligning theory, practice, and public policy. Journal of Indian Business Research. https://doi.org/10.1108/jibr-03-2013-0025

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  title   = {Frugal innovation: aligning theory, practice, and public policy},
  author  = {Pavan Soni and Rishikesha T. Krishnan},
  journal = {Journal of Indian Business Research},
  year    = {2014},
  doi     = {10.1108/jibr-03-2013-0025},
  url     = {https://doi.org/10.1108/jibr-03-2013-0025}
}

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TI  - Frugal innovation: aligning theory, practice, and public policy
AU  - Pavan Soni
AU  - Rishikesha T. Krishnan
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Details

DOI: 10.1108/jibr-03-2013-0025
Countries: India
Regions: Asia
Categories: innovation-theory, regional-innovation-systems, general-innovation
Added: 2026-04-28