Remove 2011 Remove Constraint Remove Hypercompetition Remove Innovation
article thumbnail

Frugal Innovation: Lessons from Carlos Ghosn, CEO, Renault-Nissan

Harvard Business Review

He was impressed by Indian engineers' ability to innovate cost-effectively and quickly under severe resource constraints. Recently, in New York, we participated in a panel discussion organized by the Asia Society called " Jugaad Innovation: Reigniting American Ingenuity " (you can watch a video here ). And they did it.

CEO 15
article thumbnail

Use Jugaad to Innovate Faster, Cheaper, Better

Harvard Business Review

We recently attended the World Economic Forum's India Economic Summit 2011 in Mumbai, where we moderated several panels and workshops on the topic of innovation. Jugaad is a Hindi word that loosely translates as "the gutsy art of overcoming harsh constraints by improvising an effective solution using limited resources."