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New Sources of Growth: The Role of Frugal Innovation and Transformational Leadership

Author

Listed:
  • Solikin M. Juhro

    (Bank Indonesia)

  • A. Farid Aulia

    (Bank Indonesia)

Abstract

Untuk dapat bangkit dari permasalahan pasca krisis dan tumbuh secara berkesinambungan, ekonomi suatu negara dituntut untuk mampu beradaptasi dengan perkembangan baru, yang tidak hanya VUCA (Volatile, Uncertain, Complex, and Ambiguous) namun sudah TUNA (Turbulent, Uncertain, Novel, and Ambiguous). Negara dituntut untuk berinovasi, mendayagunakan teknologi yang terus berubah secara kontinu dan eksponensial, serta menciptakan sumber pertumbuhan ekonomi baru yang mampu mendongkrak kesejahteraan masyarakat luas. Hal ini menuntut karakter kepemimpinan transformatif untuk mampu mendorong frugal innovation yang berdampak dan berkelanjutan, yang dapat dijadikan sebagai strategic driver pertumbuhan ekonomi ke depan. Hasil analisis menyimpulkan mengenai pentingnya peran kualitas inovasi dan potensi kepemimpinan sebagai sumber pertumbuhan ekonomi baru. Penelitian ini juga menawarkan pendekatan baru, yaitu Breakthrough Possibility Frontier (BPF) untuk memperlihatkan peran transformational leadership dengan kemampuan melakukan breaktrough dalam mendorong game changing frugal innovation sebagai strategic driver pertumbuhan ekonomi.

Suggested Citation

  • Solikin M. Juhro & A. Farid Aulia, 2018. "New Sources of Growth: The Role of Frugal Innovation and Transformational Leadership," Working Papers WP/1/2018, Bank Indonesia.
    • Handle: RePEc:idn:wpaper:wp12018
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    References listed on IDEAS

    as
    1. Haskel, J & Corrado, C & Jona-Lasinio, C & Iommi, M, 2012. "Intangible capital and growth in advanced economies: measurement methods and comparative results," Working Papers 9913, Imperial College, London, Imperial College Business School.
    2. Rakhshanda Khan, 2016. "How Frugal Innovation Promotes Social Sustainability," Sustainability, MDPI, vol. 8(10), pages 1-29, October.
    3. Kaplinsky, Raphael, 2011. "Schumacher meets Schumpeter: Appropriate technology below the radar," Research Policy, Elsevier, vol. 40(2), pages 193-203, March.
    4. Gerard George & Anita M. McGahan & Jaideep Prabhu, 2012. "Innovation for Inclusive Growth: Towards a Theoretical Framework and a Research Agenda," Journal of Management Studies, Wiley Blackwell, vol. 49(4), pages 661-683, June.
    5. Christian Le Bas, 2016. "The importance and relevance of frugal innovation to developed markets: milestones towards the economics of frugal innovation," Journal of Innovation Economics, De Boeck Université, vol. 0(3), pages 3-8.
    6. Kock, Alexander & Gemünden, Hans Georg, 2016. "Antecedents to Decision-making Quality and Agility in Innovation Portfolio Management," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 85099, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    Cited by:

    1. Solikin M. Juhro & A. Farid Aulia & Dessy Aliandrina & Donni Hadiwaluyo & Edo Lavika, 2019. "The Role Of Catalytic Collaboration In Leveraging Transformational Leadership Competencies To Generate Sustainable Innovation," Working Papers WP/11/2019, Bank Indonesia.
    2. Solikin M. Juhro & Denny Lie & Aryo Sasongko, 2021. "Monetary-Macroprudential Policy Mix And Covid-19 Pandemic In An Estimated Dsge Model For Indonesia," Working Papers WP/01/2021, Bank Indonesia.

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    More about this item

    Keywords

    pertumbuhan ekonomi; inovasi; frugal innovation; transformational leadership; Breaktrough Possibility Frontier;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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