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 challenges do entrepreneurs in the global South face that drive them towards frugal innovation?

How does the example of Grameen Danone illustrate the concept of frugal innovation?

Discuss the impact of frugal innovation on the healthcare sector in the West.

In what ways can developed and developing countries collaborate to create frugal solutions?