Frugal Innovation and Social Entrepreneurship Among Social Extrapreneurs and Ultrapreneurs

Abstract

The concept of frugal is attributed to products, process, services and systems to develop under resource-constraints, customers are at the center of the development of accessible, adaptable, affordable and appropriate comfortability. Various concepts have been associated interchangeably with the term ‘Frugal innovation' in the field on entrepreneurship. This includes the word ‘Jugaad innovation' because of the transformation of limited and scared resources from complexity to simplicity on meeting the need of the beneficiary Also because of the ability to solve complex problems of its rigidity of high-cost to affordability, logistic climax to accessibility, portability and mobility, the term adopted was ‘Reverse Innovation' which as reinventing or creating viable resources that will seen as comfortability to the consumers.

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