Should large companies even try to be like startups?

This post is still very much a work in progress. Since the industrial revolution, if you were interested in a career in technology, large companies were really the place to be. Apart from the perks that come with working for a blue-chip company, the scale, breadth and depth of resources available to you meant that they had a virtual monopoly on innovation. However, over the past ten years, this changed. In many industries, scale stopped being an advantage. It slowly, imperceptibly at first, … Read more…

Frugal Innovation – Doing more with less

Frugal Innovation – “the ability to do more with less” is the title of a recent book by academics Navi Radjou and Jaideep Prabhu. This started off as a book called Jugaad Innovation (from a Hindi word meaning an innovative fix), examining innovation facilities in developing countries, but then found interest in developed economies as companies tried to adapt to consumers’ more spendthrift ways as well as an increased importance being placed on sustainable solutions. Frugal innovation as proposed by the … Read more…