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DOI: STANDARDIZATION STRATEGIES FOR FOSTERING FRUGAL INNOVATIONS: A COMPREHENSIVE EXPLORATION
Bernard Wolff , Aix-Marseille University, FranceAbstract
This study undertakes a comprehensive exploration of standardization strategies aimed at fostering frugal innovations. Frugal innovations, characterized by cost-effectiveness and simplicity, play a crucial role in addressing global challenges. The research delves into the role of standardization in supporting the production and diffusion of frugal innovations across diverse sectors. By examining case studies, regulatory frameworks, and industry practices, this study offers insights into the ways standardization can optimize the development and adoption of frugal solutions. The findings contribute to a deeper understanding of the interplay between standardization and frugal innovation, offering practical implications for industries, policymakers, and innovators.
Keywords
Frugal Innovations, Standardization Strategies, Cost-Effectiveness
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