Management Seminar - Professor Cornelius Herstatt and Dr Stephan Buse

Seminar Room 10.039, Level 10, The Spot Building (198 Berkeley St)

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Dr Niharika Garud

niharika.garud@unimelb.edu.au

T: +61 3 8344 4412

PRESENTER: Professor Cornelius Herstatt and Dr Stephan Buse (Institute for Technology and Innovation Management at the Technical University of Hamburg)
TOPIC: “Introducing New Approaches to Research on Frugal Innovations”  

Abstract:
The Institute for Technology and Innovation Management at the Technical University of Hamburg, headed by Prof. Dr. Cornelius Herstatt and Dr. Stephan Buse, has been conducting research on topics such as user and open innovation for over twenty years. For some years now, we have also been combining this research with topics of Social Innovation and Circular Economy. Our research typically takes place in close cooperation with business practice. A special focus is on so-called frugal innovations. Frugal innovations seek to minimize the use of material and financial resources in the complete value chain with the objective of substantially reducing the cost of usage and/or ownership of a product while fulfilling or even exceeding pre-defined criteria of acceptable quality standards (Source: Tiwari and Herstatt, 2014). In our research seminar, we will go into this research in more detail. We look closer into possible contributions of Frugal Innovations to challenges in the areas of health care and environmental protection in terms of a circular economy. We will conclude with an open discussion, especially regarding possible cooperation points with researchers at University of Melbourne.

Bio:
Prof. Cornelius Herstatt
is a German researcher and university professor for innovation management. He holds a chair at the Technical University of Hamburg and a (permanent) visiting professorship at Tohoku University in Sendai (Japan). He is Director of the Institute for Technology and Innovation Management at the Technical University Hamburg-Harburg and heads the Center for Frugal Innovation (CFI).

In his research, Herstatt has been dealing with the phenomenon of "user innovation" since the 1980s. With the advent of the Internet, his research increasingly focused on "open source innovation" in (Internet) communities. In recent times, he has been particularly interested in so-called "frugal innovations", which often emerge in the context of developing countries and are often a driving force again for user innovation. Another current focus is his research on innovations in aging societies.

Cornelius received his doctorate from the University of Zurich and worked for five years as a scientific assistant at the Swiss Federal Institute of Technology (ETH) in Zurich. In 1990 he was a visiting scholar at the Massachusetts Institute of Technology (MIT-Boston). Before being appointed professor in 1998, Herstatt held various management positions at an international management consultancy and a Swiss industrial group.

Dr. Stephan Buse is Deputy Director of the Institute for Technology and Innovation Management (TIM) at Hamburg University of Technology. Prior to that, he worked at the Chair of International Management at Hamburg University, which he provisionally headed between 2000 and 2005. Stephan’s main research and teaching activities are in the fields of “Global Innovation Management“ and “International Business Strategy”, particularly questions regarding internationalization and the international division of labor. He co-leads the research programs “Global Innovation” and “Mobile Commerce”. In addition, since 2007 he has been the program-coordinator of the international Joint-Master Program “Global Innovation Management” which he also co-founded. Furthermore, he is a co-founder and member of the management team of the Center for Frugal Innovation at TIM. He is a member of the German Academic Association for Business Research (VHB), the Academy of Management (AOM) as well as the International Society for Professional Innovation Management (ISPIM).

RSVPs are not necessary.