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
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.
Juliane Segedi | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
So-called bifacial stem cells are responsible for one of the most critical growth processes on Earth – the formation of wood.
Immune cells called macrophages are supposed to serve and protect, but cancer has found ways to put them to sleep. Now researchers at the Abramson Cancer...
The scientific and political community alike stress the importance of German Antarctic research
Joint Press Release from the BMBF and AWI
The Antarctic is a frigid continent south of the Antarctic Circle, where researchers are the only inhabitants. Despite the hostile conditions, here the Alfred...
World first experiments on sensor that may revolutionise everything from medical devices to unmanned vehicles
The new sensor - capable of detecting vibrations of living cells - may revolutionise everything from medical devices to unmanned vehicles.
Dead and alive at the same time? Researchers at the Max Planck Institute of Quantum Optics have implemented Erwin Schrödinger’s paradoxical gedanken experiment employing an entangled atom-light state.
In 1935 Erwin Schrödinger formulated a thought experiment designed to capture the paradoxical nature of quantum physics. The crucial element of this gedanken...
16.01.2019 | Event News
14.01.2019 | Event News
12.12.2018 | Event News
23.01.2019 | Physics and Astronomy
23.01.2019 | Materials Sciences
23.01.2019 | Life Sciences