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Frugal Innovation in Healthcare

How Targeting Low-Income Markets Leads to Disruptive Innovation. India Studies in Business and Economics

Format: Paperback / softback
Publisher: Springer International Publishing AG, Cham, Switzerland
Published: 9th Oct 2016
Dimensions: w 156mm h 234mm d 10mm
Weight: 273g
ISBN-10: 331936796X
ISBN-13: 9783319367965
Barcode No: 9783319367965
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Synopsis
This book focuses on how companies are innovating with regard to the Bottom-of-the-Pyramid (BOP) the lowest socio-economic segment, and the organizational conditions they need to be successful. The authors use several examples of disruptive innovations for this market, particularly in the Indian healthcare sector. Low-cost, specialty hospital chains like Aravind Eye Care and Narayana Hrudayalaya have brought down the cost of certain medical procedures significantly. The Indian conglomerate Tata Group and the American healthcare giant GE Healthcare have also developed affordable products targeted at the lowest-income segments in India. The authors present an in-depth analysis of these companies and present their insightful results on disruptive innovation and the ever-challenging BOP market.

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