Study goals
This article will explore the fundamental definitions and characteristics of frugal innovation management, highlighting its growing importance, as well as the particularities that this innovation brings to a business model.
Relevance / originality
This is a work that sought to unify the area of frugal innovation, proposing a single concept, as well as seeking to shed light on the process of this type of innovation, which is recent and does not yet have a vast
Methodology / approach
For the development of the work, the Systematic Literature Review was used, as a way of searching among the literature what is being developed about the definitions and particularities of the Frugal Innovation process.
Main results
The main results arising from this study are the definition that unifies and takes into account all the topics that characterize Frugal Innovation, as well as the points that characterize the development of this type of innovation.
Theoretical / methodological contributions
Unification of the research area through a proposed definition of frugal innovation that addresses its main particularities, as well as the topics that characterize and are encountered during the frugal innovation management process.
Social / management contributions
This study highlights the importance for business managers and decision-makers to seek and seize the opportunities offered by frugal innovation, involving the development of strategic partnerships with local and international entrepreneurs.