If you want to see what innovation can look like on a very tight budget, watch this TED talk by Navi Radjou:
Navi Radjou borrows the Hindi word “jugaad” to talk about frugal innovation: that is, creative problem-solving with extremely limited resources.
Importantly, the idea is not just to “make do” with what you have, but to do more and better with less. The talk covers many examples of how people got spectacular value from limited resources.
He suggests three principles to get to frugal innovation into your own organization:
- Keep it simple – don’t try to impress
- Build on existing and widely available resources
- Think and act horizontally
by Ursina Teuscher (PhD), at Teuscher Decision Coaching, Portland OR