Navi Radjou: Creative problem-solving in the face of extreme limits

The video discusses frugal innovation, a method of creating more value with fewer resources, often seen in emerging markets like India, China, Africa, and South America. It highlights examples such as clay fridges, telemedicine, and mobile payment solutions. The video contrasts this with Western innovation, which often focuses on more complex and expensive solutions. It emphasizes the need for the West to adopt frugal innovation principles to address resource constraints and economic disparities. The video concludes with a call for global collaboration to co-create frugal solutions that benefit humanity.

What is the main focus of frugal innovation?

• Developing high-cost solutions

• Improving existing technologies

• Creating complex products

• Maximizing resource usage

Which term describes a clever solution born in adversity in India?

• Jugaad

• Resourcefulness

• Innovation

• Frugal

What is the main advantage of the M-KOPA solar solution in Kenya?

• It is available only in urban areas

• It requires no initial deposit

• It provides clean energy at a low cost

• It is free for all users

What is a key difference between frugal innovation in the South and traditional innovation in the North?

• Traditional innovation is more efficient

• Frugal innovation uses more resources

• Frugal innovation focuses on simplicity

• Traditional innovation is less costly

What is the main challenge faced by traditional innovation models in the West?

• Abundance of natural resources

• High customer satisfaction

• Excessive resource consumption

• Lack of technological advancement

Which company is an example of Western adoption of frugal innovation?

• Neusoft

• M-KOPA

• Grameen Danone

• Mansukh Prajapati

How does Be-Bound enable internet connectivity in no-bandwidth areas?

• Via high-speed fiber optics

• By installing new towers

• Through SMS technology

• Using satellite technology

What is the purpose of the Global Lab for Innovation launched by UCLA Health?

• To identify frugal healthcare solutions

• To increase healthcare costs

• To create high-cost healthcare solutions

• To develop new medical technologies

What is a key principle of frugal innovation?

• Keep it complex

• Reinvent the wheel

• Think and act horizontally

• Centralize operations

What is the goal of co-creating frugal solutions between North and South?

• To focus on high-cost solutions

• To improve quality of life worldwide

• To increase global competition

• To limit innovation to the South