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Background

The case study that is chosen for this task is “creative problem-solving in the face of extreme limits”. The case study mainly focuses on problem-solving abilities with the use of limited resources. The main concept that is used in the case study was the art of doing more with less. It basically represents the use of some basic resources that can help by solving big problems. The study also presents some of the important examples of entrepreneurs and their innovations that bring a change in society. The case study also presents a comparison in the capital needed for a solution and innovation with limited resources with the capital that is invested in the research and development field of a country. The main motive of the case study is to present the idea about the frugal innovation that can help in setting up the new innovations with less complexity and on a low budget.

Discussion

Entrepreneurial Mindset

The case presents that the problems of the people need to be resolved with the use of basic resources. This presents the idea of frugal innovation in different sectors. The frugal innovations represent the entrepreneurial mindset that can help society in bringing different changes with a low budget (Hecker et al., 2018). All the startup that is discussed in the case study was possible just because of the mindset of the respective entrepreneurs.

A startup like gThrive that is near the Silicon Valley helps California people who face problems related to water shortage. The Be-Bound startup that is also near Silicon Valley helps in providing efficient internet connection in the low bandwidth areas. Compte Nickel startup works in the field of the banking sector. It provides international bank accounts and international debit cards to the users (Agolla et al., 2018). It is a type of low-cost banking where an individual can open his or her account by following very easy procedures. These are some of the innovative ideas and implementations that require an entrepreneurial mindset.

Adopted Theories of Creativity

The case study presents some of the points like basic resources, low cost, less energy consumption, reduction of complexity, and avoids reinvention that made the adopted measures creative and effective. The study totally denies the investments in the research and development fields (Weyrauch & Herstatt, 2017). It focuses on the limited resources that we are having with us.

The creative theory that is adopted in all the examples that are present in the case study is frugal innovation. Frugal innovation is the process in which a mindset of simplicity is adopted to deliver the most valuable approach on a low budget. This helps in providing a creative approach for developing and enhancing the existing technology (Albert, 2019). The idea of creating more in the problematic field with fewer amounts of resources is adopted and successfully used in every example that is presented in the case study.

Some of the creative theories like telemedicine that was used in China help in removing the medical problems from China. This also provides the treatment of patients at a low cost and faster speed. The CT scanner innovation by China was also one of the most effective innovations that provide quality treatment to more patients and at a lower cost (Salam, 2020). The creativity is also shown in the banking, internet connectivity, getting detailed information of soil, and traffic jam like problem facing fields.

Innovative Approach

The case study presents a lot of information about frugal innovation. Various type of startup is also discussed in the study that can bring the change in the society with the innovative approach and fulfill the needs and requirements of a customer. For meeting the needs of customers, the case study presents some of the applicable tips that can help us in frugal innovation. The first one is to keep all things simple (Hossain, 2018). This represents the reduction of complexity in the innovative approach that can provide simplicity to the customers. The second point is the use of the same concept. It means that do not try to reinvent things. Use the same resources and services that were used before and avoid the inventions. The third point is to think and act horizontally. The meaning of the third point is to work on the base and make it strong (Żelazny & Pietrucha, 2017). The horizontal spread of a concept provides it a strong base and the strong base can help to meet the needs of a customer.

Recommendations

The most important recommendation after going through the case study and the innovative examples of the case study is to use the frugal innovation technique for solving the issues and problems of daily life (Li & Li, 2017). It is better not to invest a huge amount in the field of research and devilment but in place of that, we can just go with the limited resources that are present with us.

The three applicable tips that are present in the case study can also help in the process of innovation (Fikri et al., 2018). The concept of simplicity must be applicable and always avoid reinventing things. Try to make your base strong as the strong base can only provide effective and strong support.

The problems can occur in any field. It is important to find the root cause of the problem and work on that. If the problem is resolved from its root cause then it will never create an issue in the future

Conclusion

From the above discussions and by going through the concepts of the case study, it can be said that the countries that are already developed or in the developing phase use innovative concepts like frugal innovation that helps them to present effective solutions to their problems. The case study presents various types of examples with the concept of using the limited resources and doing more with having the less. With the help of deep knowledge, these innovative ideas are possible and the innovation that uses the concept of deep learning can bring a change in society.

References

Agolla, J. E., Makara, T., & Monametsi, G. (2018). Impact of banking innovations on customer attraction, satisfaction and retention: the case of commercial banks in Botswana. International Journal of Electronic Banking, 1(2), 150-170.

Albert, M. (2019). Sustainable frugal innovation-The connection between frugal innovation and sustainability. Journal of Cleaner Production, 237, 117747.

Fikri, H., Suharto, D. G., & Nugroho, R. A. (2018, July). Government innovation: The challenges and the best practice of smart city in Indonesia. In International Conference of Communication Science Research (ICCSR 2018) (pp. 148-153). Atlantis Press.

Hecker, S., Haklay, M., Bowser, A., Makuch, Z., & Vogel, J. (Eds.). (2018). Citizen science: innovation in open science, society and policy. UCL Press.

Hossain, M. (2018). Frugal innovation: A review and research agenda. Journal of Cleaner Production, 182, 926-936.

Li, B., & Li, Y. (2017). Internet of things drives supply chain innovation: A research framework. International Journal of Organizational Innovation, 9(3), 71-92.

Salam, A. (2020). Internet of things in agricultural innovation and security. In Internet of Things for Sustainable Community Development (pp. 71-112). Springer, Cham.

Weyrauch, T., & Herstatt, C. (2017). What is frugal innovation? Three defining criteria. Journal of frugal innovation, 2(1), 1-17.

Żelazny, R., & Pietrucha, J. (2017). Measuring innovation and institution: the creative economy index. Equilibrium. Quarterly Journal of Economics and Economic Policy, 12(1), 43-62.