The CEO's Frugal Innovation Agenda
Harvard Business Review
OCTOBER 5, 2012
Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. In one instance, Siemens' engineers in India — working closely with their German colleagues — developed a Fetal Heart Monitor that uses inexpensive microphone technology rather than the costlier ultrasound technology.
Let's personalize your content