Frugal innovation or frugal engineering is the process of reducing the complexity and cost of a product. Usually this refers to removing nonessential features from a durable product, in order to sell it in developing markets. [Wikipedia]
About this event
About Speaker: Mr. Zulfiqar Ahmed
Innovator and entrepreneur with 23 years of experience in various industries ranging from aerospace and banking to energy. I have full life-cycle experience in business formation, operations, finance and management. My skills include business problem solving, tech innovation, coaching, mentoring and process improvement both in private and in the social sector.
* Establishing and expanding small business operations
* Setting up strategic direction of a business
* Business problem solving using creativity
* Lifelong learner committed to staying on top of the best current and emerging businesses and
* Mentoring young startups in technology and in social enterprise sector.
About Topic: Frugal Innovation Frugal innovation is the ability to generate considerably more business and social value while significantly reducing the use of scarce resources. It’s about solving—and even transcending—the paradox of “doing more with less”. Frugal innovation is a game-changing strategy for an “Age of Austerity” in which firms are being compelled by cost-conscious and eco-aware consumers, employees, and governments to create offerings that are simultaneously affordable, sustainable, and of high quality. Even more than a strategy, frugal innovation is a whole new mindset, a flexible approach that perceives resource constraints not as a debilitating challenge but as a growth opportunity. [INSEAD]
Location: National Textile University, Faisalabad Time: 10:00 AM - 11:00 AM
Date: November 11, 2021 Who Should Attend: Students, Researchers, Professionals, Startup Founders, Entrepreneurs