Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth [Hardcover]

“Jugaad Innovation goes farther than conventional business books that chart consumer growth in Brazil, Russia, India, and China. It explains how emerging economies are pioneering the art of ‘frugal engineering,’ then provides practical tips on how Western companies—from tech startups to multinational industrial corporations—can likewise do more with less. A provocative and entertaining read for 21st century business leaders.” —Carlos Ghosn, CEO, Renault–Nissan “The authors have it right: highly structured innovation processes can′t deliver all the breakthroughs required by today′s ‘speed of business.’ What′s called for are new practices that work with —not against—the forces that drive our hypercompetitive world. Jugaad Innovation lays out the new principles that you—and every forward–thinking leader in your company—need right now.” —Charlene Li, founder, Altimeter Group; bestselling author, Open Leadership “Businesses must move away from the top–down organizational hierarchies that have defined the past and transform themselves into social enterprises built on bottom–up, agile models based on collaboration. Jugaad Innovation shows how you can enable your entire ecosystem—employees, customers, and partners—to make significant contributions and drive hypergrowth. An important book for anyone who wants to compete in the future.” —Marc Benioff, chairman and CEO, salesforce.com; bestselling author, Behind the Cloud “CEOs tend to manage innovation like an orchestra conductor—with a traditional, hierarchical, and prescriptive approach. Jugaad Innovation shows how to innovate like a jazz band—with improvisation, creativity, and agility. Both styles are necessary on today′s global stage.” —Doreen Lorenzo, president, frog “We are entering an age when humanity′s grand challenges are being solved by a new generation of ‘do–it–yourself’ innovators employing jugaad–style thinking. Today the entrepreneurial spirit of your very own employees, customers, and partners—empowered by new technologies—can literally change the world. X PRIZE has proven the value of jugaad by leveraging this bottom–up approach of ‘better, faster, cheaper’ to the point of sending a man into space for a fraction of what NASA spends. This compelling new book, Jugaad Innovation, articulates how you can start to accomplish amazing things on a shoestring. It is a vital read.” —Peter H. Diamandis, founder and chairman, X PRIZE Foundation “Jugaad Innovation throws cold water in the faces of CEOs, reminding them of the immense power of grassroots, do–it–yourself, cheap, quick, simple  innovation. This is one of the most important lessons that emerging markets are teaching the West.” —George F. Colony, CEO, Forrester Research “I′ve long argued that the role of business is to make the world a better place. In the new economy, this requires true innovation—bold ideas, gutsy people, and extraordinary actions. Need a new roadmap? Fresh inspiration? Accessible tools? It′s all in this remarkable book, Jugaad Innovation. Get a copy for yourself and every member of your team today.” —Kevin Roberts, CEO worldwide, Saatchi & Saatchi; bestselling author, LoveMarks

‘The authors provide a wealth of examples of entrepreneurs who have found success by doing more with less’ (Financial Times, 19th May 2012) "Jugaad Innovation” is the most comprehensive book yet to appear on the subject’ (The Economist, 24th May 2012) ‘This inspirational book leaves the reader brimming with hope and excitement for the future.’ (I Global Intelligence, July 2012)

Innovation is a major directive at corporations worldwide. But how do you drive innovation and growth as the global business landscape becomes increasingly unpredictable and diverse? Western corporations can no longer just rely on the old formula that sustained innovation and growth for decades: a mix of top–down strategies, expensive R&D projects, and rigid, highly structured innovation processes. Jugaad Innovation argues that the West must look to places like India, China, and Africa for a new, bottom–up approach to frugal and flexible innovation. Building on their deep experience of innovation practices with companies in the United States and around the world, the authors articulate how jugaad (a Hindi word meaning an improvised solution born from ingenuity and cleverness) is leading to dramatic growth in emerging markets—and how Western companies can adopt jugaad to succeed in our hypercompetitive world. Delving into the mindset of jugaad innovators, the authors discuss the six underlying principles of jugaad innovation: Seek opportunity in adversity Do more with less Think and act flexibly Keep it simple Include the margin Follow your heart To show these principles in action, the authors share previously untold stories of resourceful jugaad entrepreneurs and innovations in emerging markets. The authors also describe how forward–thinking Western firms like 3M, Apple, Renault–Nissan, Facebook, GE, Google, IBM, and PepsiCo are already applying these principles of jugaad to innovate faster, cheaper, and better—and to win. A groundbreaking book, Jugaad Innovation shows leaders everywhere why the time is right for jugaad to emerge as a powerful business tool in the West—and how to bring the jugaad mindset and practices to their organizations. For more information, case studies, and tools, visit JugaadInnovation.com.