Skip to main content

Technology Management: Case of Cost, Frugal and Reverse Innovations

  • Chapter
  • First Online:
  • 1514 Accesses

Part of the book series: Science, Technology and Innovation Studies ((STAIS))

Abstract

The forces of globalization have created an interconnected world where consumer demand for high tech products and services is rapidly growing in emerging markets. Established multinational firms are facing increasing competitive pressures from new firms in developing countries. In order to maintain a strategic competitive advantage, firms must be adept at developing high value and low cost products and services that are tailored to specific market segment’s needs. The purpose of this study is to aid firms in identifying the appropriate new product development strategy to pursue.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   89.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  1. Copper RG (1990) Stage-gate systems: a new tool for managing new products stage-gate systems. Bus Horiz:44–54

    Google Scholar 

  2. Ulrich KT, Eppinger SD (2000) Product design and development. MacGraw-Hill, New York, pp 14–18

    Google Scholar 

  3. Cagan J, Vogel CM (2002) Creating breakthrough products: innovation from product planning to program approval. FT Press, Upper Saddle River, pp 110–114

    Google Scholar 

  4. Zeschky MB, Winterhalter S, Gassmann O (2014) From cost to frugal and reverse innovation: mapping the field and implications for global competitiveness. Res Technol Manage 57(4):20–27

    Google Scholar 

  5. Williamson P (2010) Cost innovation: Preparing for a ‘value-for-money’ revolution. Long Range Plan 43:343–353

    Article  Google Scholar 

  6. Williamson P, Zeng M (2009) Value-for-money strategies for recessionary times. Harv Bus Rev 87(3):343–353

    Google Scholar 

  7. Wang JG, Yang J (2014) The power of batteries: the story of BYD. In: Who gets funds in China’s capital market? A micro view of China’s economy via case studies on listed Chinese SMEs. Springer, Dordrecht, chapter 2, pp 7–18

    Google Scholar 

  8. Naville L, Lanhee J (2009) Giving babies their ride. Forbes Asia 5(9):42–44

    Google Scholar 

  9. Flannery R (2007) Watch your back. Forbes 179(9):104–105

    Google Scholar 

  10. Gadiesh O, Leung P, Vestring T (2007) The battle for China’s good-enough market. Harv Bus Rev 85(9):80–89

    Google Scholar 

  11. Zeschky M, Widenmayer B, Gassmann O (2011) Frugal innovation in emerging markets. Res Technol Manage 54(4):38–45

    Article  Google Scholar 

  12. Bream A, Ivens B (2013) Do frugal and reverse innovation foster sustainability? Introduction of a conceptual framework. J Technol Manage Grow Econ 4:31–50

    Google Scholar 

  13. Aschmoneit M, Janevska D (2013) Closing the gap between frugal and reverse innovation – lessons learned from the case of the Tata Nano. Linkoping University

    Google Scholar 

  14. Rao B Alleviating poverty in the twenty-first century through frugal innovations. Challenge Mag Econ Aff 57(3):40–59

    Google Scholar 

  15. Ahuja S (2014) Cost vs. value + empathy: a new formula for frugal science. Des Manage Rev 25:52–55

    Google Scholar 

  16. Govindarajan V, Ramamurti R (2011) Reverse innovation, emerging markets, and global strategy. Glob Strateg J 1(3–4):191–205

    Article  Google Scholar 

  17. Govindarajan V, Euchner J (2012) Conversations: reverse innovation: an interview with Vijay Govindarajan. Res Technol Manage 55(6):13–17

    Article  Google Scholar 

  18. Betz F (2011) Managing technological innovation. Wiley, Hoboken, NJ, pp 115–136

    Book  Google Scholar 

  19. Rarick CA, Firlej K, Angriawan A BYD of China: electrifying the world’s automotive market. J Int Acad Case Stud 17(1):19–27

    Google Scholar 

  20. Singh S, Srivastava P (2012) The turnaround of Tata Nano: reinventing the wheel. J Bus Perspect 16(1):45–52

    Article  Google Scholar 

  21. Lindsay G (2011) Thus spake Nano. World Policy J 28:35–38

    Article  Google Scholar 

  22. Ray S, Ray PK (2011) Production innovation for the people’s car in an emerging economy. Technovation 31:216–227

    Article  Google Scholar 

  23. Singh N, Shalender K (2014) Success of Tata Nano through marketing flexibility: a SAP-LAP matrices and linkages approach. Glob J Flex Syst Manage 15:145–160

    Article  Google Scholar 

  24. Symanowitz G (2014) Time to get back in the box. Finweek:28–29

    Google Scholar 

  25. Ramsinghani M (2012) The trouble with India’s people’s car. Technol Rev 115:69–70

    Google Scholar 

  26. Sinha S, Sen S (2014) The new nano promise. Bus Today 23:62–74

    Google Scholar 

  27. Shafiulla B (2014) Tata Nano to tata no-no. IUP J Mark 13:78–76

    Google Scholar 

  28. Singh S, Srivastava P (2012) The turnaround of tata nano: reinventing the wheel. Vision J Bus Perspect 16:53–59

    Article  Google Scholar 

  29. Kumar N, Puranam P (2012) Frugal engineering: an emerging innovation paradigm. Ivey Bus J 76:14–16

    Google Scholar 

  30. Hundal BS, Grover S (2010) Consumer behavior towards tata nano: a perceptual study. IUP J Mark Res 9:29–37

    Google Scholar 

  31. Immelt JR, Govindarajan V, Trimble C (2009) How GE is disrupting itself. Harv Bus Rev 87(10):56

    Google Scholar 

  32. Govindarajan V (2012) Reverse innovation: create far from home, win everywhere. Harvard Business Press, Boston

    Google Scholar 

  33. Govindarajan V (2012) A reverse-innovation playbook. Harv Bus Rev 90(4):120–124

    Google Scholar 

  34. Corsi S, Di Minin A, Piccaluga A (2014) Reverse innovation at Speres: a case study in China. Res Technol Manage 57(4):28–36

    Google Scholar 

  35. Brunette W, Gerard W, Hicks M, Hope A, Ishimitsu M, Prasad P, Anderson R, Borriello G, Kolko B, Nathan R (2010) Portable antenatal ultrasound platform for village midwives. ACM

    Google Scholar 

  36. Shung K (2011) Diagnostic ultrasound: past, present, and future. J Med Biol Eng 31(6):371–374

    Article  Google Scholar 

  37. Mukerjee K Frugal innovation: the key to penetrating emerging markets. Ivey Bus J 76:1–3

    Google Scholar 

  38. Hartley J (2014) New development: eight and a half propositions to stimulate frugal innovation. Public Money Manage 34:227–232

    Article  Google Scholar 

  39. McNicoll A (2013) Enter India’s amazing world of frugal innovation. CNN Wire

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Tugrul Daim .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing AG

About this chapter

Cite this chapter

Clark, M., Lee, Y., Lin, Y.T., Madishetty, S., Daim, T. (2017). Technology Management: Case of Cost, Frugal and Reverse Innovations. In: Daim, T., Kim, J., Phan, K. (eds) Research and Development Management. Science, Technology and Innovation Studies. Springer, Cham. https://doi.org/10.1007/978-3-319-54537-0_13

Download citation

Publish with us

Policies and ethics