... Small and medium sized enterprise Frugal innovation The difference in regulatory systems has two aspects. On one hand, the frequently underdeveloped regulatory process in emerging economies provides a faster time to market when compared to the bureaucratic hurdles in more developed...

... implemented BOP business models. These are viewed from the angle of frugal innovation, a fresh perspective on innovation as an outcome and process, which means innovating while significantly economizing the use of scarce resources. Findings – The paper explains how firms should adapt the three...