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16/06/2016 Frugal Innovation & Networks-Joseph Pategou 1 Frugal Innovation & Networks Joseph Pategou International Strategy and Influence [email protected]

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Page 1: Frugal Innovation  &  Networks

16/06/2016 Frugal Innovation & Networks-Joseph Pategou 1

Frugal Innovation &

Networks

Joseph PategouInternational Strategy and [email protected]

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SUMMARY

Introduction

Frugal

Information about the author

Appendix

Frugal Innovation & Networks-Joseph Pategou

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iNTRODUCTION

Frugal Innovation & Networks-Joseph Pategou

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Innovative and strategy

“The ability to sustain an advantage from cheap labor or even from economies of scale. Today, the only way to have an advantage is through innovation. But this innovation has to involve a consistent strategic direction, a strategic vision.” Michael E. Porter

Harvard Business School

Clear link between Strategy and Innovation

Frugal Innovation & Networks-Joseph Pategou

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“Bigger is better” Innovative Model

Frugal Innovation & Networks-Joseph Pategou

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R&D Spenders Vs Innovative

Apple: 4.5$BnGoogle: 8 $Bn

Volkswagen: 13.5 $BnSamsung: 13.4 $BnMicrosoft: 10.4 $Bn

R&D Spend 2014

Frugal Innovation & Networks-Joseph Pategou

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The West needs a new innovation model

Networks

Frugal Innovation & Networks-Joseph Pategou

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Frugal Innovation

“ The Jugaad Innovation : Do more with less. Reduce

complexity, eliminate the non-essentials, back to the essence of

the product.

Give life to concrete products which the consumers want and

need, without excessive sophistication”

Frugal Innovation & Networks-Joseph Pategou

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Think outside the box

With Clay

Frugal Innovation & Networks-Joseph Pategou

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Mitticool revolution: Fridge without electricity

Mansukhbhai PrajapatiFridge with Clay

Frugal Innovation & Networks-Joseph Pategou

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Frugal Innovation: Automotive Industry

Tata Nano 2008 Accessible to the greatest

number 2 000 $US

Frugal Innovation & Networks-Joseph Pategou

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Frugal Innovation: Banking Industry

M-PESA in Kenya

No bank account

Networks

12.2M Customers

43% GDP is sent

Kenya GDP

:55,24$Bn (2013)

Frugal Innovation & Networks-Joseph Pategou

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Frugal Innovation: Space industry

USANASA’s MAVEN: 2013 Exploration of Mars

Frugal Innovation & Networks-Joseph Pategou

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Frugal Innovation: Space Industry

INDIA Exploration of Mars Divided the cost by 10

Networks

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Frugal Innovation: Expert Vision

Jason Li Yat-Sen

Chairman of Yatsen Group

Young Global Leader-World Economic Forum

Why frugal innovation is important

https://www.youtube.com/watch?v=T59OQnxqOLs

Navi RadjouEuropean Pioneers of Frugal Innovation University of CambridgeWorld Economic Forumhttps://www.youtube.com/watch?v=wSDYo2WWdjM

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Information about the author

I am fascinated by healthcare and the experience of many

companies to develop new types of drug with the aim of saving

lives around the world.

Main topics of passion in the healthcare:

- Strategy

- Digital

- Innovation

- Biosimilars

If you want to know more, please contact me:

[email protected]

M. Joseph Pategou

Frugal Innovation & Networks-Joseph Pategou

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THANK YOU FOR YOUR ATTENTION

Frugal Innovation & Networks-Joseph Pategou

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APPENDIX

Frugal Innovation & Networks-Joseph Pategou

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Source

1.http://www.cgap.org/blog/10-myths-about-m-pesa-2014-update2.http://en.wikipedia.org/wiki/M-Pesa#Kenya3.http://www.strategyand.pwc.com/innovation10004.https://www.youtube.com/watch?v=eyKeInmB7Qs5.https://www.youtube.com/watch?v=T59OQnxqOLs6.http://en.wikipedia.org/wiki/M-Pesa7.http://www.economist.com/blogs/economist-explains/2013/05/economist-explains-18

Frugal Innovation & Networks-Joseph Pategou