Reference no: EM133664401

Question

In Navi Radjou's TED-Talk titled "Creative problem-solving in the face of extreme limits," he explains that creativity usually involves utilizing the resources at hand to address current challenges. Radjou's argument centers around the Hindi idea of Jugaad, which he employs to illustrate that a resourceful solution is an impromptu method that generates answers from challenges (Radjou). Evidently, solutions do not necessarily have to be flawless or intricate, as long as they ultimately generate greater value while being cost-effective. The essence of this concept is that a creative innovator must skillfully convert challenges into opportunities, ensuring that something of lesser worth is transformed into a highly valuable product. The overarching concept highlighted in this presentation is that frugal innovations primarily focus on generating social and economic value while minimizing resource consumption.