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Frugal Innovation and Entrepreneurship

In: Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)

Author

Listed:
  • Chandan Kumar

    (Recognised Research Centre of University of Mysore, Research Scholar, Xavier Institute of Management and Entrepreneurship, Bangalore)

Abstract

By elucidating the values and methods, social entrepreneurs provide a narrative of perspectives and aspects of innovation models that are pertinent to theory, practice, and policy related to innovation management. This chapter’s statistics and discussion show that social entrepreneurs have differing views on and reasons for innovation. We empirically define new concepts, like frugal innovation, using data from many perspectives on the reasoning, incentives, and methods of innovation. We show that the inventiveness of social entrepreneurs is not limited to social innovation. Future researchers who associate innovation with social entrepreneurs or who disagree with the current research’s emphasis on the causes and purposes of social innovation will find this finding helpful.

Suggested Citation

  • Chandan Kumar, 2024. "Frugal Innovation and Entrepreneurship," Advances in Economics, Business and Management Research, in: Meena Rani Nimmagadda & Catherine S. & Praseeda Challapalli & V. Sasirekha (ed.), Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023), pages 4-15, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-374-0_2
    DOI: 10.2991/978-94-6463-374-0_2
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