Frugal Innovation is optimizing the use of resources in development, production and delivery or by leveraging them in new and different ways. Frugal innovation results in dramatically lower-cost products and services. To successfully achieve the desired results of frugal innovation, Design thinking could be a crucial tool. 1. Empathize the focus society Frugal Innovation is about solving problem for people … Read More
Innovation ideally should be “Simplifying complexity”, but unfortunately it is turning up to “Complexifying simplicity”. We live in an exciting time of unprecedented change across a multitude of dimensions. In this ever-changing environment, Innovation is one of the most popular buzzword globally. Innovation has become an essential marketing tool for the organisations to position their products and services. Understanding what … Read More
Recently a study by Yale Psychologist suggest that “Searching the internet for information gives people a ‘widely inaccurate’ view of their own intelligence.” Search engines like Google or Bing make people think they are smarter than they actually are because they have the world’s knowledge at their fingertips, psychologists at Yale University have found. Browsing the internet for information gives … Read More
Creativity is thinking of something new. Innovation is the implementation of something new. We are in a time of unprecedented change. Innovation is about staying relevant in that constant changing environment. As a result, what may have helped to be successful in the past could potentially be the cause of their failure in the future. There is a need to … Read More
Machines won’t bring about the economic robot apocalypse ― but greedy humans will, according to physicist Stephen Hawking. Stephen Hawking predicted that economic inequality will skyrocket as more jobs become automated and the rich owners of machines refuse to share their fast-proliferating wealth. Essentially, machine owners will become the bourgeoisie of a new era, in which the corporations they own won’t … Read More
Equal day and equal night or, Equal white and equal black or, Equal beer and equal whisky! choice is yours guys Happy Equinox!