Affiliation:
1. Institute of Project Management and Innovation (IPMI), University of Bremen, Enrique-Schmidt-Straße 1, D 28359 Bremen, Germany
Abstract
Frugal innovations enable companies to access new markets because of some specific characteristics. Typically, they focus on existing solutions as a blueprint, changing parts of their functionality while reducing the costs. Many companies are faced with the question how to find ideas for such frugal innovations. For this purpose, we introduce a method for the identification of frugal invention candidates and their qualification as frugal patents. We provide a general outline of a process and apply it to the medical engineering technology. By use of semantic analysis, we shed light on the moderating role of frugal attributes to qualify a frugal invention candidate as a frugal patent. The application produces a comprehensive set of frugal patents. Our approach deepens the understanding of frugality by providing an appropriate assessment based on a newly developed frugal thesaurus. Managers will have the option to adapt our method to their particular fields of experience.
Publisher
World Scientific Pub Co Pte Lt
Subject
Management of Technology and Innovation,Strategy and Management,Business and International Management
Cited by
10 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献