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India is fast becoming the global head quarters for Frugal Innovation and Frugal Engineering. Its aspects are deep rooted in our culture and inherent to our thought processes. Frugal Engineering is core to TenXLabs ethos and permeates all functions, especially our engineering. Here is a clean-sheet look at Frugal Engineering.
You take a wide spread deep-rooted problem. You identify several possible solutions and zero in on the best. Your best solution is defined as:
Focused in solving the central problem with great effect
No frills, no additional benefits or features
Based on and deriving from existing solutions
Solution attributes combining uniquely with a high degree of innovation
You then qualify your solution in these terms:
Delivering a wide spread impact – solving the key problem for most of your users
What the market is willing to pay for this solution (not what it costs you or your competition)
The least effort to deliver the solution to stay cost effective
The fastest time to implement the solution to remain relevant and cost effective
That is about it: the solution you have delivered is Frugal Engineering. And, the path that leads to the solution as defined above is Frugal Innovation.
What is NOT Frugal Engineering?
Just to be doubly sure, here are a few things that are generally confused with Frugal Engineering – these things are not part of Frugal Engineering:
Cheap imitations – instead it is about a super effective alternate approach
Scale down versions of popular products
Critical Success Factors for Frugal Engineering Success
Having got a broad sense of Frugal Engineering, let us dive to the next level. Let us look at two critical success factors for Frugal Engineering success - The primary critical success factor in Frugal Engineering is the uninhibited ability to define a seemingly impossible or even ridiculous target. This must be given blanket support by the top management. The second critical success factor is the courage to question set processes, norms and status quo.
Why is Frugal Engineering Important for SMEs
Small and medium sized enterprises need software solutions that provide automation and allow them to scale their operations easily. However the solution needs to provide the essential features without too many frills and at the same time be timely and cost effective. They cannot afford to have the ‘ideal’ solution with all the bells and whistles, that takes years to implement. Hence for these companies frugal engineering solutions provide the essential value they are looking for without necessarily adding a lot of overheads.
Posted by Minerva HRMS at 3:19 PM
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Labels: e-HR, frugal engineering, frugal innovation, HR Software, HR Software for Employee Productivity, HR Technology, Process Automation, Small and Medium Enterprises, SMEs, TenXLabs
Location: Hyderabad, Andhra Pradesh, India
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About TenXLabs & Minerva HRMS
TenXLabs delivers best-in-class technology solutions for its clients at lower Total Cost of Ownership (TCO) based on the principles of Frugal Engineering.
TenXLabs’ flagship product, Minerva HRMS is an end-to-end integrated HRMS solution that automates critical HR Functions such as Employee Masters, Payroll, Performance Management, Training & Development and manages all details of an employee’s life cycle from Recruitment to Retiral.
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