Jugaad

China’s Low-Cost Road to Innovation

China’s Low-Cost Road to Innovation

We’ve previously mentioned the concept of jugaad innovation and how it may eventually pose a competitive threat to high-value-added activities in the US and other developed countries.  This week, the Wall Street Journal notes that, using a jugaad approach, Chinese chip producers are gearing up to undercut Western tablet makers.  And Apple, Google, et al. […]

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HBR on Jugaad Innovation: Maintaining R&D amid Scarcity

HBR on Jugaad Innovation: Maintaining R&D amid Scarcity

We recently featured a post on so-called “jugaad innovation.”  In the Harvard Business Review Navi Radjou, Jaideep Prabhu and Simone Ahuja have some thoughts on how to incorporate its principles into today’s frugal economic climate: 1) Create “good enough” products that deliver high value for money: Over-engineering products is no longer sustainable — both for […]

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Jugaad Innovation:  Are Western Economies Losing their Innovative Edge?

Jugaad Innovation: Are Western Economies Losing their Innovative Edge?

One of the premises of the “new global economy” was that routine, low-value-added processes would be dispersed to the developing world, while high-value R&D and innovation-related activities would stay put.  That model–considered the key to Western prosperity in a globalized economy–may be obsolete, potentially raising risks for the West. According to Jaideep Prabhu, professor at […]

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