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Journal of Frugal Innovation· 2016

What is frugal innovation? Three defining criteria

Timo Weyrauch, Cornelius Herstatt

Short summary

Frugal innovation is now defined by three distinct criteria: substantial cost reduction, focus on core functionalities, and optimized performance level. This provides clarity beyond its initial association with emerging markets.

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Field: Business and International Management

Business and International ManagementBusiness, Management and Accounting