've been fortunate to have mentors who embody the true entrepreneurial spirit throughout my career. They've instilled in me a powerful message: never give up and always find a way, even in the most challenging situations.
I believe this is the essence of entrepreneurship – the ability to problem-solve, innovate, and persevere in the face of adversity.
However, unlike many skills, this entrepreneurial spirit must be taught in classrooms. It combines personal drive, resourcefulness, and the ability to find solutions even when the odds are stacked against you.
This is where the concept of jugaad comes into play.
“We can do things differently, and we can do different thing. Innovation is not only the most sophisticated technologies, sometimes it’s the simplest of things.”- United Nations Secretary-General, António Guterres.
Jugaad, a Hindi term often translated as "ingenuity" or "improvisation", perfectly captures the resourcefulness inherent in the entrepreneurial mindset. It's about looking beyond limitations, utilizing available resources in unconventional ways, and finding creative solutions to overcome obstacles.
In their book, Jugaad Innovation, Silicon Valley consultant Navi Radjou and his two co-authors use the Hindi word for a clever, improvised solution to explore how entrepreneurs in India and other countries use creative approaches to overcome scarcity.
According to Navi Radjou's interview with The Guardian, changing one's attitude towards value can lead to a shift away from an obsession with constantly creating new technology.
Instead, the focus can be on providing more value to customers in affordable ways, even for frugal ones.
"Rather than reinventing the wheel and building everything from scratch again and again, you try to leverage what you already have." - Navi Radjou.
Successful entrepreneurs often focus on adapting existing technologies in new ways, cutting costs, and solving problems that consumers need. According to Radjou, this approach can help them make the most out of what they have.
"Jugaad is ultimately also about this notion of empowerment and bottom-up innovation, that means citizens taking ownership of their destiny." - Navi Radjou.
Imagine this:
- A young entrepreneur needs more funding for their business. They wouldn't simply complain or give up. The entrepreneurial spirit would kick in, prompting them to explore alternative funding options, leverage their network, or even think outside the box and develop a creative crowdfunding strategy.
- Finding a way embodies the essence of both jugal and the entrepreneurial spirit.
Frugal Innovation
Frugal innovation (FI) has emerged as a novel way to serve low-income consumers in developing countries.
Frugal innovation is widespread in poor villages and cities worldwide, where inventors responding to local needs have developed easy-to-implement ideas like the clay refrigerator in India that uses evaporation instead of electricity to cool food and eventually biodegrade. - According to Guardian.
Here are some examples of frugal innovation:
Automated Jugaad To Score High On The Chrome Dino Game
It's important to remember:
- While not inherently taught, the entrepreneurial spirit can be cultivated. Surrounding yourself with positive influences, seeking mentors, and actively challenging yourself can help nurture this mindset.
- Jugaad is a powerful tool, but it shouldn't be an excuse for cutting corners or compromising quality. Responsible application is critical, ensuring solutions are both innovative and sustainable.
In conclusion, the entrepreneurial spirit thrives on finding a way, refusing to give up, and constantly seeking solutions. In this journey, the resourceful ingenuity of the jugaad serves as an invaluable tool. By cultivating an entrepreneurial spirit and embracing the power of jugaad, we can unlock our potential to overcome any challenge and turn ideas into reality.
More from
category
Get fun learning techniques with practical skills once a week to keep your child engaged and ahead in life.
When you are ahead, your kids are ahead.
Join 1000+ parents.