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

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Sumeet Kapur - Frugal Innovation

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

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