Frugal Innovation a strategy or philosophy ?

Frugal innovation can mean a product or service innovation, but it’s also a philosophy, a strategy and a mindset. It is a mindset that sees limited resource as an opportunity for creative growth . Organizations that want to apply a frugal strategy aim to deliver just the right value through products that solve the customer pain points rather than having feature rich product or services that could be of use one day...

It’s important to understand the frugal innovation philosophy before trying to create frugal innovation strategy. A frugal innovation…