Frugal Innovation Forum:     Setting the Context            Jaideep PrabhuBRAC Center for Management Development          ...
Three Frugal Innovation Challenges More innovation or more scaling up? Is scaling up always a good thing? Is being frugal ...
More innovation or more scaling up?
What is Innovation?The successful application ofnew ideas                                Joseph Schumpeter                ...
Innovation is More than Invention “Solutions to many of the world’s most difficult social problems don’t need to be invent...
What is Frugal Innovation? Dramatically minimizes costs by reducing the use of resources in development, production and de...
Thinking Outside the (Ice) Box                                 WHAT IF your fridge                             can operate...
The Proposition Is SimpleCash In Cash OutPerson 2 Person TransferAirtime Top-UpMerchant PaymentBill PaymentATM Withdrawals...
Dr Mohan’s Mobile Diabetes Clinic  Source: http://www.drvmohan.com/   Source: http://www.worlddiabetesfoundation.org/compo...
BRAC HRLS Property Rights Initiative
Why the World Needs Frugal Innovation
Why the World Needs Frugal Innovation
Is scaling up always a good thing?
Harish Hande and SELCO
Microfinance in Andhra PradeshRapid scaling: the McDonald’s modelA bubbleA crash that set the whole industry back
Is being frugal always a good thing?
Three Phases of InnovationGet the ideaDevelop the solutionImplement/scale it
Design for America and Swipe SenseTo solve problems in healthcare, education, and energy in the USHospital acquired infect...
Penny-Wise and Pound Foolish?Dan Pallotta in Uncharitable: How Restraints onNonprofits Undermine Their PotentialThe nonpro...
Not True of BRAC Though!Invested in human, physical and organisational  infrastructureSelecting and training, monitoring, ...
Being Frugal is a MindsetMarket back rather than technology pushThe need and the context determine the solutionWhich in tu...
Tata and the Nano         Source:http://www.examiner.com/road-driver-in-national/world-s-cheapest-car-the-tata-nano
ConclusionsImplementation is more important than inventionScaling up is hard and sometimes counterproductiveMany ways to b...
Thank you!
Upcoming SlideShare
Loading in...5
×

BRAC frugal innovation forum - setting the context

398

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
398
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • COMPANIES COME UP WITH INNOVATIONS by ASKING THEMSELVES: “WHAT IF” – in developed nations, we ask incremental “what-if” – whereas in developing nations big WHAT IF questions are being asked like “what if we can make a fridge without electricity”(they don’t take electricity for granted as in advanced economies)What if a fridge doesn’t consume electricity: that’s a question somebody with a PhD at NASA or Whirlpool asked himself/herself, but somebody in India who didn’t finish high-school asked himself? He didn’t ask it as a theoretical question, he even came up with a solution….It’s a wise fridge because in India more than 600 million people lack access to electricity
  • Why should patients come see doctors: not another way around
  • Neusoft has developed several low-cost but high-tech solutions such as affordable MRI machines and telemedicine solutions for rural hospitals. More impressively, Neusoft has developed a cutting-edge wristwatch for chronic disease patients to use as a mobile health monitor. On a regular basis, the watch collects bio indicators from sensors attached to the patient’s body, analyzes the data and sends a warning when safe limits are exceeded (e.g., “Your glucose level is too low”). It can also help the patient make lifestyle changes. For instance, if your pulse is too low, it recommend that you go for a speed-walk and check your pulse at the end of the walk to see if the rate has improved.
  • BRAC frugal innovation forum - setting the context

    1. 1. Frugal Innovation Forum: Setting the Context Jaideep PrabhuBRAC Center for Management Development March 30, 2013
    2. 2. Three Frugal Innovation Challenges More innovation or more scaling up? Is scaling up always a good thing? Is being frugal always a good thing?
    3. 3. More innovation or more scaling up?
    4. 4. What is Innovation?The successful application ofnew ideas Joseph Schumpeter (1883-1950)
    5. 5. Innovation is More than Invention “Solutions to many of the world’s most difficult social problems don’t need to be invented, they need only to be found, funded, and scaled.” Judith Rodin, in Steve Davis’ Social Innovation: A Matter of Scale
    6. 6. What is Frugal Innovation? Dramatically minimizes costs by reducing the use of resources in development, production and delivery, or leveraging resources in new ways Dramatically reduces prices for customers “Our Frugal Future: Lessons from India’s Innovation System,” Kirsten Bound and Ian Thornton, NESTA Report: July 2012
    7. 7. Thinking Outside the (Ice) Box WHAT IF your fridge can operate without electricity?Source: http://gizmodo.com Source: http://www.mitticool.in/
    8. 8. The Proposition Is SimpleCash In Cash OutPerson 2 Person TransferAirtime Top-UpMerchant PaymentBill PaymentATM WithdrawalsSocial PaymentsInternational Transfer Page 8
    9. 9. Dr Mohan’s Mobile Diabetes Clinic Source: http://www.drvmohan.com/ Source: http://www.worlddiabetesfoundation.org/composite-2731.htm
    10. 10. BRAC HRLS Property Rights Initiative
    11. 11. Why the World Needs Frugal Innovation
    12. 12. Why the World Needs Frugal Innovation
    13. 13. Is scaling up always a good thing?
    14. 14. Harish Hande and SELCO
    15. 15. Microfinance in Andhra PradeshRapid scaling: the McDonald’s modelA bubbleA crash that set the whole industry back
    16. 16. Is being frugal always a good thing?
    17. 17. Three Phases of InnovationGet the ideaDevelop the solutionImplement/scale it
    18. 18. Design for America and Swipe SenseTo solve problems in healthcare, education, and energy in the USHospital acquired infections: 2 million people100,000 deaths each year$2-4 billion dollars in costs to the healthcareindustry
    19. 19. Penny-Wise and Pound Foolish?Dan Pallotta in Uncharitable: How Restraints onNonprofits Undermine Their PotentialThe nonprofit sector denies itself critical tools thatthe for-profit sector uses without restraintDonated dollars for nothing but program costs
    20. 20. Not True of BRAC Though!Invested in human, physical and organisational infrastructureSelecting and training, monitoring, research and evaluation, and learningHuge salesforce and distribution infrastructure
    21. 21. Being Frugal is a MindsetMarket back rather than technology pushThe need and the context determine the solutionWhich in turn determines when to be frugal
    22. 22. Tata and the Nano Source:http://www.examiner.com/road-driver-in-national/world-s-cheapest-car-the-tata-nano
    23. 23. ConclusionsImplementation is more important than inventionScaling up is hard and sometimes counterproductiveMany ways to be frugal but only some are appropriate
    24. 24. Thank you!
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×