frugal innovation & networks
TRANSCRIPT
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
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iNTRODUCTION
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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
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“Bigger is better” Innovative Model
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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
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The West needs a new innovation model
Networks
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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”
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Think outside the box
With Clay
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Mitticool revolution: Fridge without electricity
Mansukhbhai PrajapatiFridge with Clay
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Frugal Innovation: Automotive Industry
Tata Nano 2008 Accessible to the greatest
number 2 000 $US
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Frugal Innovation: Banking Industry
M-PESA in Kenya
No bank account
Networks
12.2M Customers
43% GDP is sent
Kenya GDP
:55,24$Bn (2013)
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Frugal Innovation: Space industry
USANASA’s MAVEN: 2013 Exploration of Mars
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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:
M. Joseph Pategou
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THANK YOU FOR YOUR ATTENTION
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APPENDIX
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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