Navi Radjou, innovation and leadership thinker and advisor, delivered his clear and concise speech on “Frugal Economy” and how it can lead to growth in various countries ranging from underdeveloped to developed countries.
This TED speaker introduced three pillars of a frugal economy, including B2B sharing, distributed supply chains, and triple regeneration. Navi said that these three main elements would help businesses share their tangible and intangible resources, reduce the distance between production and consumption, and contribute to the environment.
As a Thinker50 Innovation Award winner, he tried to clarify all these critical elements in a frugal economy with attractive and real examples and cases around the world. This lecture in the 10th International Conference on Management of Technology and Innovation was followed by a Q&A session.