Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Frugal Innovations: when less is more

19.04.2017

Many innovative companies still focus primarily on the premium sector. Yet attractive market opportunities for entry-level solutions abound in emerging and industrialized economies alike. With practical methodology training and a quick online check, Fraunhofer IAO is helping companies build up frugal skills and expertise.

Frugal innovations require a rethink


Source: Franhofer IAO

Developing entry-level products that meet the needs of customers is no easy task for the research and development (R&D) departments of companies providing high-quality solutions. Entry-level products require a rethink, a move away from complexity and toward reduction, and they presuppose the ability to re-imagine products from scratch.

Instead of relying on a hodgepodge of individual cost reduction measures, successful entry-level products gain an advantage by means of clever approaches. This involves designing a product that perfectly matches customers’ needs and possesses precisely the core functionalities that are essential for the targeted customer group.

The burning topicality of this issue in innovation research testifies to the complexity of the process. Over the past few years, interest in the phenomenon has intensified, and much discussion in the international research landscape has centered on the topic of “frugal innovations.” In industry, meanwhile, there has been a growing demand for practical recommendations for action and methodological support.

Frugal Innovation Index quick online check

Fraunhofer IAO has many years of expertise in the field of frugal innovations. With its newly developed Frugal Innovation Index, the institute now offers companies a way to evaluate their capabilities as a frugal innovator and receive fresh ideas and inspiration for the next steps of implementation. The quick online check is available in German and in English, free of charge. Direct feedback is generated in just 15 minutes based on 20 questions. Registration is not required.

Recipe for Successful Frugal Innovation seminar

On May 30, 2017, companies will also have the opportunity to build up frugal development expertise at the Recipe for Successful Frugal Innovation seminar being held at Fraunhofer IAO in Stuttgart. At the seminar, the methodology training based on fully-elaborated case studies will be supplemented by practical testimonials sharing real-world experience.

Weitere Informationen:

https://www.iao.fraunhofer.de/lang-en/about-us/press-and-media/1303-frugal-innov...
http://www.iao.fraunhofer.de/lang-de/veranstaltungen/eventdetail/379/-/erfolgsre...
https://frugal-innovation-index.de/

Juliane Segedi | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: The hidden structure of the periodic system

The well-known representation of chemical elements is just one example of how objects can be arranged and classified

The periodic table of elements that most chemistry books depict is only one special case. This tabular overview of the chemical elements, which goes back to...

Im Focus: MPSD team discovers light-induced ferroelectricity in strontium titanate

Light can be used not only to measure materials’ properties, but also to change them. Especially interesting are those cases in which the function of a material can be modified, such as its ability to conduct electricity or to store information in its magnetic state. A team led by Andrea Cavalleri from the Max Planck Institute for the Structure and Dynamics of Matter in Hamburg used terahertz frequency light pulses to transform a non-ferroelectric material into a ferroelectric one.

Ferroelectricity is a state in which the constituent lattice “looks” in one specific direction, forming a macroscopic electrical polarisation. The ability to...

Im Focus: Determining the Earth’s gravity field more accurately than ever before

Researchers at TU Graz calculate the most accurate gravity field determination of the Earth using 1.16 billion satellite measurements. This yields valuable knowledge for climate research.

The Earth’s gravity fluctuates from place to place. Geodesists use this phenomenon to observe geodynamic and climatological processes. Using...

Im Focus: Tube anemone has the largest animal mitochondrial genome ever sequenced

Discovery by Brazilian and US researchers could change the classification of two species, which appear more akin to jellyfish than was thought.

The tube anemone Isarachnanthus nocturnus is only 15 cm long but has the largest mitochondrial genome of any animal sequenced to date, with 80,923 base pairs....

Im Focus: Tiny light box opens new doors into the nanoworld

Researchers at Chalmers University of Technology, Sweden, have discovered a completely new way of capturing, amplifying and linking light to matter at the nanolevel. Using a tiny box, built from stacked atomically thin material, they have succeeded in creating a type of feedback loop in which light and matter become one. The discovery, which was recently published in Nature Nanotechnology, opens up new possibilities in the world of nanophotonics.

Photonics is concerned with various means of using light. Fibre-optic communication is an example of photonics, as is the technology behind photodetectors and...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

SEMANTiCS 2019 brings together industry leaders and data scientists in Karlsruhe

29.04.2019 | Event News

Revered mathematicians and computer scientists converge with 200 young researchers in Heidelberg!

17.04.2019 | Event News

First dust conference in the Central Asian part of the earth’s dust belt

15.04.2019 | Event News

 
Latest News

Uncovering hidden protein structures

18.06.2019 | Life Sciences

Monitoring biodiversity with sound: how machines can enrich our knowledge

18.06.2019 | Life Sciences

Schizophrenia: Adolescence is the game-changer

18.06.2019 | Life Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>