Current Science carries a new article on the concepts of frugal and reverse innovations by Henri Simula, Mokter Hossain and Minna Halme of Aalto University, Finland
The concepts of frugal and reverse innovations are recent entrants to the innovation literature. Frugal innovation conveys the important idea of innovating under circumstances of resource scarcity. Reverse innovation refers to another significant turn in thinking and practice – innovations from low-income contexts can enter wealthier markets, a major shift from the previous innovation paradigm. There are some hallmark examples of these types of innovations but the current academic literature is still limited. The purpose of this article is to study these concepts and present a conceptual framework that combines underlying drivers. There are also present ideas for future research avenues.