As part of the XRCE's 20th anniversary events. the centre run a series of distinguished speaker seminars.
Seminar: JUGAAD: A Frugal and Flexible Approach To Innovation.
Date / Time: 16th September 2013 at 11:00 AM.
Speaker: Navi Radjou
Navi Radjou is an innovation and leadership strategist based in Silicon Valley. He is also a Fellow at Judge Business School, University of Cambridge, and a World Economic Forum (WEF) faculty member. He is a member of WEF’s Global Agenda Council on Design Innovation and a regular columnist on HBR.org.
Navi is co-author of the bestseller Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth. The Economist calls it “the most comprehensive book yet to appear on the subject” of frugal innovation.
Navi is also co-author of From Smart To Wise, a book on next generation leadership (Jossey-Bass, 2013). CEO coach Marshall Goldsmith calls it a “fascinating book” and management guru Peter Senge views it as “an immensely practical guide for those who are serious about their development as leaders.”
Most recently, Navi served as Executive Director of the Centre for India & Global Business at Judge Business School, University of Cambridge. Previously, he was a longtime VP/analyst at Forrester Research in Boston and San Francisco and advised senior executives worldwide on breakthrough growth strategies.
Navi has consulted with leading international organizations—including Ernst & Young, GM, Hitachi, IBM, Marks & Spencer, Microsoft, Procter & Gamble, SAP, Sprint, and TCS—on innovation and leadership strategies.
Navi has been featured in New York Times, Wall Street Journal, The Economist, BusinessWeek, and Financial Times. He has published articles and op-eds in MIT Sloan Management Review, BusinessWeek, and WSJ. Navi is a sought-after speaker who has regularly addressed the World Economic Forum, Council on Foreign Relations, The Conference Board, Asia Society, and more.
An Indian-born French national, Navi earned his MS degree in information systems from Ecole Centrale Paris, and attended the Yale School of Management. Navi lives in Palo Alto, California. Follow him on Twitter @NaviRadjou and learn more about him at NaviRadjou.com
Abstract: The traditional Western innovation model, built on costly R&D projects and rigid and time-consuming processes, is no longer sustainable in today's unpredictable and resource-constrainted business environment. Navi Radjou will explain how developing nations (Africa, Brazil, India, China) provide an alternative approach to innovation that is frugal, flexible, and inclusive. This new "street smart" approach, called jugaad innovation, is practiced by thousands of ingenious entrepreneurs in emerging markets who create affordable and sustainable solutions that deliver more value to consumers at less cost while minimizing resource utilization. Western nations have much to learn from emerging economies on how to innovate frugally and flexibly under severe constraints. Using many real-life case studies of pioneering Western firms such as Siemens, GE, Renault-Nissan, Unilever, Navi will show how you can apply the principles of jugaad innovation within your organization to innovate faster, better, and cheaper. In particular, Navi will explain how to integrate jugaad innovation with traditional R&D models. Navi Radjou is coauthor of the global bestseller Jugaad Innovation, which The Economist calls as the "most comprehensive book" on the subject of frugal innovation.