The world stands to benefit if the healthcare industry embraces frugal innovation, the art of stripping away complexity to create lower-cost goods. Emerging economies could gain the most by getting access to more affordable critical equipment.
These days, it seems like there is a “hack” for just about everything. And no, I’m not talking about cyber-security here, I’m referring to the concept that you may see on your Facebook newsfeed from time to time.
Businesses can do more with less and find a sustainable path to growth by following the principles of frugal innovation.
Heads of state from around the world have gathered in Paris with a lofty goal — no less than saving the world. While political leaders seek an international agreement to keep global warming from threatening human existence, business leaders are confronted with their own challenge: how to achieve a sustainable model for growth.