Sumeet Kapur - Frugal Innovation

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

What is Innovation?

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”

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.

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

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

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.

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

Thank You
For more information please visit
www.employwise.com
Or write to me at
sumeet.kapur@employwise.com
+91-98100-04788

Sumeet Kapur - Frugal Innovation

by Employwise on Mar 14, 2011

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Sumeet Kapur - Frugal Innovation — Presentation Transcript