Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy

Prita Ayu Kusumawardhany; Imam Baihaqi; Putu Dana Karningsih

doi:10.1109/TEMSCON-ASPAC52831.2022.9916558

Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy

Prita Ayu Kusumawardhany
, Imam Baihaqi
, Putu Dana Karningsih

Institut Teknologi Sepuluh Nopember

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Citations (Scopus)

Abstract

The concept of frugal innovation (FI) has many positive sides such as how to provide customers with value-added and affordable solutions. Sustainability as one of the opportunities of FI can be created but the negative sides as challenges and positive sides as opportunities have not been explored much. This study aims to identify the challenges and opportunities of FI that will be faced by Small, Medium Enterprises (SMEs) in developing countries. A systematic literature review was used to address the gap. Therefore, it is important to develop a balanced knowledge of the topic based on a comparative perspective to gain a holistic understanding of frugal innovation. First, it points out the understanding of FI, overlapping concepts, and FI in SMEs. Second, it identifies the main challenges and opportunities of FI.

Original language	English
Title of host publication	2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	48-53
Number of pages	6
ISBN (Electronic)	9781665427692
DOIs	https://doi.org/10.1109/TEMSCON-ASPAC52831.2022.9916558
Publication status	Published - 2022
Event	2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022 - Bangkok, Thailand Duration: 19 Sept 2022 → 22 Sept 2022

Publication series

Name	2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022

Conference

Conference	2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022
Country/Territory	Thailand
City	Bangkok
Period	19/09/22 → 22/09/22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure

Keywords

SMEs
frugal innovation
innovation
sustainability

Access to Document

10.1109/TEMSCON-ASPAC52831.2022.9916558

Cite this

Kusumawardhany, P. A., Baihaqi, I., & Karningsih, P. D. (2022). Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy. In 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022 (pp. 48-53). (2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/TEMSCON-ASPAC52831.2022.9916558

Kusumawardhany, Prita Ayu ; Baihaqi, Imam ; Karningsih, Putu Dana. / Frugal Innovation in SMEs : Challenges and Opportunities of Doing More With Less Strategy. 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022. Institute of Electrical and Electronics Engineers Inc., 2022. pp. 48-53 (2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022).

@inproceedings{fcd8d9cbcf4b4bac81fa40cf7cbe2c12,

title = "Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy",

abstract = "The concept of frugal innovation (FI) has many positive sides such as how to provide customers with value-added and affordable solutions. Sustainability as one of the opportunities of FI can be created but the negative sides as challenges and positive sides as opportunities have not been explored much. This study aims to identify the challenges and opportunities of FI that will be faced by Small, Medium Enterprises (SMEs) in developing countries. A systematic literature review was used to address the gap. Therefore, it is important to develop a balanced knowledge of the topic based on a comparative perspective to gain a holistic understanding of frugal innovation. First, it points out the understanding of FI, overlapping concepts, and FI in SMEs. Second, it identifies the main challenges and opportunities of FI.",

keywords = "SMEs, frugal innovation, innovation, sustainability",

author = "Kusumawardhany, \{Prita Ayu\} and Imam Baihaqi and Karningsih, \{Putu Dana\}",

note = "Publisher Copyright: {\textcopyright} 2022 IEEE.; 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022 ; Conference date: 19-09-2022 Through 22-09-2022",

year = "2022",

doi = "10.1109/TEMSCON-ASPAC52831.2022.9916558",

language = "English",

series = "2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "48--53",

booktitle = "2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022",

address = "United States",

}

Kusumawardhany, PA, Baihaqi, I & Karningsih, PD 2022, Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy. in 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022. 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022, Institute of Electrical and Electronics Engineers Inc., pp. 48-53, 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022, Bangkok, Thailand, 19/09/22. https://doi.org/10.1109/TEMSCON-ASPAC52831.2022.9916558

Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy. / Kusumawardhany, Prita Ayu; Baihaqi, Imam ; Karningsih, Putu Dana.
2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022. Institute of Electrical and Electronics Engineers Inc., 2022. p. 48-53 (2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Frugal Innovation in SMEs

T2 - 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022

AU - Kusumawardhany, Prita Ayu

AU - Baihaqi, Imam

AU - Karningsih, Putu Dana

PY - 2022

Y1 - 2022

N2 - The concept of frugal innovation (FI) has many positive sides such as how to provide customers with value-added and affordable solutions. Sustainability as one of the opportunities of FI can be created but the negative sides as challenges and positive sides as opportunities have not been explored much. This study aims to identify the challenges and opportunities of FI that will be faced by Small, Medium Enterprises (SMEs) in developing countries. A systematic literature review was used to address the gap. Therefore, it is important to develop a balanced knowledge of the topic based on a comparative perspective to gain a holistic understanding of frugal innovation. First, it points out the understanding of FI, overlapping concepts, and FI in SMEs. Second, it identifies the main challenges and opportunities of FI.

AB - The concept of frugal innovation (FI) has many positive sides such as how to provide customers with value-added and affordable solutions. Sustainability as one of the opportunities of FI can be created but the negative sides as challenges and positive sides as opportunities have not been explored much. This study aims to identify the challenges and opportunities of FI that will be faced by Small, Medium Enterprises (SMEs) in developing countries. A systematic literature review was used to address the gap. Therefore, it is important to develop a balanced knowledge of the topic based on a comparative perspective to gain a holistic understanding of frugal innovation. First, it points out the understanding of FI, overlapping concepts, and FI in SMEs. Second, it identifies the main challenges and opportunities of FI.

KW - SMEs

KW - frugal innovation

KW - innovation

KW - sustainability

UR - https://www.scopus.com/pages/publications/85141618936

U2 - 10.1109/TEMSCON-ASPAC52831.2022.9916558

DO - 10.1109/TEMSCON-ASPAC52831.2022.9916558

M3 - Conference contribution

AN - SCOPUS:85141618936

T3 - 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022

SP - 48

EP - 53

BT - 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022

PB - Institute of Electrical and Electronics Engineers Inc.

Y2 - 19 September 2022 through 22 September 2022

ER -

Kusumawardhany PA, Baihaqi I , Karningsih PD. Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy. In 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022. Institute of Electrical and Electronics Engineers Inc. 2022. p. 48-53. (2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022). doi: 10.1109/TEMSCON-ASPAC52831.2022.9916558

Frugal Innovation in SMEs: Challenges and Opportunities of Doing More With Less Strategy

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this