Frugal Innovation

BY
State Bank of India via Edx

Lavel

Intermediate

Mode

Online

Duration

4 Weeks

Fees

Free

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 1-2 Hours Per Week

Course and certificate fees

Type of course

Free

certificate availability

Yes

certificate providing authority

State Bank of India

certificate fees

₹12,510

The syllabus

Module 1: Introduction

  • Definition and examples of frugal innovation
  • The five defining factors of frugal innovation: Simplicity, affordability, sustainability, quality and purpose

Module 2: The Importance of Frugal Innovation

  • Cost-effectiveness
  • Serving environmental purposes
  • Serving societal purposes

Module 3: Various models of innovation in constrained environments resource

  • Jugaad
  • Bricolage
  • Reverse Innovation
  • Cost innovation
  • Grassroot innovation

Module 4: Sources of frugal innovation

  • The perception of scarcity as an opportunity
  • Desire to do more with less (Dissatisfaction with Status Quo)
  • Desire to Serve Society
  • Desire to serve the environment
  • Principles of simplicity and flexibility
  • Close connection with consumers

Module 5: Integrating frugal innovation processes in your

  • organization
  • Self-work for executives
  • Action planning

Instructors

Ms Saleha Ahmad
Deputy General Manager
State Bank of India

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