Sumeet Kapur - Frugal Innovation
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EmployWise(TM) CEO, Sumeet Kapur's talk on Frugal Innovation. Presented at the Shri Ram College of Commerce National Colloquium at Lalit Hotel on

EmployWise(TM) CEO, Sumeet Kapur's talk on Frugal Innovation. Presented at the Shri Ram College of Commerce National Colloquium at Lalit Hotel on

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Sumeet Kapur - Frugal Innovation Presentation Transcript

  • 1. Appetite for ChangeThe Surprising Truth About How Companies InnovateTuesday, 8 March 2011 SRCC National Colloquium, New Delhi
    Sumeet Kapur
    Chief Executive Officer
    Global Groupware Solutions
  • 2. What is Innovation?
  • 3. Why Does Business Innovate
    Business has Zero natural appetite for Innovation
    Innovation is driven by problems, crisis and paranoia
    Innovation happens when problems meet inventions
    Developed markets: Invention led innovation
    Emerging markets: Problem led “Frugal Innovation”
  • 4. Reaching Un-served Markets
    US today: 300 million people with a per capita income of over $47,000. India today: 1.2 billion people with a per capita income of just $1,000. Only 600,000 households earning above Rs 18L or $ 39,130
    In 2050 when India is the largest economy, per capita income would still be only $ 17,000
    Selling to the “Bottom-of-the Pyramid” is not a choice anymore. Not for anyone.
  • 5. Frugal Innovation
    Redesigningproducts
    Less & Cheaper materials
    Innovative production techniques
    Volumes and economies of scale
    Rethinking business processes
    Outsourcing
    Automation
    Redefining business models
    From Products to Services
    Crowdsourcing
  • 6. Start-ups: Hubs of Innovation
    Startup is not about age or size. It’s a mind-set
    Always in launch mode. Looking for new opportunities, and always innovating
    Short on resources. Facing obstacles. Looking for ideas
    No bureaucracy to hold you back
  • 7. EmployWise™: A Frugal Innovation
    SaaS subscription model. The “sachet” model.
    Very high degree of configurability = Zero “customization” = Quick implementation [7 days against 7 months]
    High-usability = No user training = Time and cost savings
    Multi-tenancy = Aggregated servers = Cost reduced to 1/10
    Highly affordable: Rs. 25 instead of $50 per user per month
    World-class functionality, cutting edge technology from IBM
    EmployWise is an equalizer. Allowing SMBs to leverage what was so far possible only for very large enterprises.
  • 8. About Us: Global Groupware Solutions
    Relationship management domain expertise
    We help our customers better manage their employee, customer and partner relationships
    A decade of creating software IPR
    We have been creating software products for over a decade and are pioneers of the Software-as-a-Service (SaaS) model
    EmployWise™
    A complete employee life-cycle management solution
    Smiles R&R
    A comprehensive employee rewards & recognition system
    Smiles™ CRM
    An integrated customer Life-cycle management solution for sales and service process automation
  • 9. Thank You
    For more information please visit
    www.employwise.com
    Or write to me at
    sumeet.kapur@employwise.com
    +91-98100-04788