ENGLISH

Frugal Innovation in Healthcare: How Targeting Low-Income Markets Leads to Disruptive Innovation

By Cornelius Herstatt (auth.) , Aditi Ramdorai

Book information

Publisher
Springer International Publishing
Year
2015
ISBN
978-3-319-16335-2, 978-3-319-16336-9
DOI
10.1007/978-3-319-16336-9
Language
english
Format
PDF
Filesize
2 MB (2524323 bytes)
Series
India Studies in Business and Economics
Edition
1
Pages
168\178
Time added
2015-07-18 18:00:00
Health Care Management; Health Economics; Emerging

Description

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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