New word from HBR: Jugaad

Source:http://blogs.hbr.org/cs/2010/01/jugaad_a_new_growth_formula_fo.html [3]

Jugaad: A New Growth Formula for Corporate America

5:46 PM Monday January 25, 2010
by Navi Radjou, Jaideep Prabhu, and Simone Ahuja

Frugal innovation is a hot topic today as post-downturn corporate America looks for ways to do more for less, while serving broader markets.
This will require practicing the gutsy art of Jugaad [4].

The Hindi term roughly translates as "overcoming harsh constraints by improvising an effective solution using limited resources". We call it the art of creative improvisation — within a framework of deep knowledge and experience.