~ Jugaad (जुगाड़) Innovation: Western Problem, Indian Solution!

Jugaad Innovation, India gave world another business acumen  ; effective especially post 2008 western economic crisis occurred due to high Greed/Monopoly/High resource wastage culture!!…Jugaad (जुगाड़), a Hindi word means “overcoming harsh constraints by improvising an effective solution using limited resources” as  described by Indian-American authors Navi Radjou, Jaideep Prabhu & Simone Ahuja in their international best selling book — Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth (Jossey-Bass, 2012).

Post 2008 economic crisis, there is new paradigm shift in global business thinking from typical Western model of “More (Innovation) from More (Resources) to Indian business model of “More from Less” using JUGAAD Innovation.

Continue reading

Advertisements

~ India’s Invisible Innovations!

Is India already a hub for Global innovation/ R&D?? Prof . Nirmalya Kumar, a management guru from London Business School is revealing surprizing details about how Innovations done by Indians go unnoticed as they are working for foreign multinational companies and thus credit obviously goes to country where Head Office of company is based. So,  we never realize who are inventing these products and from which location of the world. This process is roughly referred as Invisible Innovation.

Following four types of Invisible Innovations are happening in India that Prof.Kumar discussed in talk:
1. Innovation for Business Customers
2. Outsourcing Innovation
3. Process innovation
4. Management innovations

Watch this informative and interesting TED talk.

More about Prof Nirmalya Kumar @ Twitter, @ Wikipedia

India’s invisible Innovation – Prof Nirmalya Kumar (Via TED Ed)

Watch talk at TED website. Prof Kumar’s Biodata @ TED Talks

For more interesting posts , follow Globindian Blog @ Facebook and @ Twitter

See my previous posts on related topic:

Image Credit: “en.wikipedia.org/wiki/Nirmalya_Kumar”

Sources: TED Talks, Google search, Wikipedia, Youtube, Twitter and all other links mentioned in the post.