In 2020, the world will enter into a prolonged recession that could last till 2021. All nations and industries will need to contend with a triple-challenge: reboot the economy, reduce social inequality, and preserve and regenerate the environment.
The 200-year-old capitalistic economic paradigm based on profit maximization and “more with more” (using more resources to create more products) is coming to an end. Instead, digital technologies, new regulations, anti-globalization movements, and millions of value—and values—conscious Gen Y and Z consumers and employees are giving rise to the frugal economy.
A frugal economy generates greater value for all stakeholders in a highly efficient, socially inclusive, and eco-sustainable manner—using fewer resources and without polluting. This new multi-trillion-dollar economy is fueled by 3 mega-trends—circular and regenerative business principles, distributed manufacturing and hyper-local value chains, B2C and B2B sharing—and digital technologies such as blockchain, AI, 3D printing, IoT and digital twins.
Award-winning innovation expert and TED Speaker Navi Radjou will show how to proactively reinvent your organization—and your entire ecosystem—to thrive in the frugal economy. Specifically, he would give you the new perspectives, principles, and techniques you need to adopt frugal innovation, the art of “doing more—and better—with less”—so you become more agile and can profit from doing business in a socially and environmentally responsible way.
Learn from Navi how to future-proof your business in 2020 and beyond.
As the world enters a prolonged recession, all companies must learn to “do more—and better—with less”. By applying the six proven principles of frugal innovation, firms can become more agile and cleverly reuse/repurpose their existing resources to generate more value.