This study aims to explore how frugal innovations (FIs) emerge at the grassroots level of developing countries and employ novel business models contribute sustainable development. It explores various model elements, mainly viewed through lens value proposition, creation, capture. FIs transform underserved customers into consumer groups. By exploring three FI cases, this contributes literature a...

1. OPEN INNOVATION Open innovation was defined by Henry Ches-broug, a professor at Harvard Business School, in 2003. He believes that in an open innovation model, companies should use internal and external strength to develop new products and to commercialize them (Chesbrough, 2005). Figure 1 shows the open innovation model. In the closed innovation model, the steps from new products developmen...

Although several prior studies have outlined and examined models associated with knowledge innovation in different fields, the literature lacks any solid insights combining Triple Helix model Spinner Innovation ascertaining their relevance to innovation. This article correspondingly presents an unprecedented alternative based on two models, analyzing structuring a process innovate economic sect...

Complexity theory has become influential in recent models social science. In the context of innovation and new technologies, most applications have focused on technology adoption and technology diffusion, while the topic of the innovation process has received less attention. This paper discusses three families of complexity models of technological innovation: fitness landscape models, network m...

This paper examines the implications for research into the diffusion of innovations (DOI) arising from a growing body of literature in two related fields. The first area concerns the debate on the role of regional and national systems of innovation (NSI) in the innovation process. The second area deals with the argument that enterprises must move from a “closed innovation” to an “open innovatio...

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth under constant cannot model technological innovation. Current models of endogenous innovation rely on the interplay between increasing returns and monopolistic markets. In fact, established wisdom claims monopoly power to be instrumental for innovation and sees the non-rivalrous ...