Citation

Jayabalan, Jayamalathi and Dorasamy, Magiswary (2024) Revitalizing Higher Education Institutions: Embracing Frugal Innovation for Transformation. Procedia Computer Science, 234. pp. 1305-1312. ISSN 1877-0509

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Abstract

This conceptual paper aims to investigate the interrelationship between intellectual capital (IC) and frugal innovation (FI) in higher education institutions (HEI), considering the mediating role of information technology (IT) capabilities. With many private HEI facing financial challenges, it is crucial to explore how IC can be effectively managed to achieve frugal innovation. By drawing on the knowledge-based view (KBV), this study examines key factors that influence intellectual capital and its impact on frugal innovation in HEI. The findings emphasize the importance of leveraging intangible assets in HEI to enhance their capabilities and address the dynamic business environment. Specifically, the study highlights the need to identify the extent to which HEI can exploit IT capabilities to develop intellectual capital aligned with the criteria of frugal innovation for value creation. This research contributes to the development of evolving approaches in IC knowledge for effective IC management and highlights the benefits for HEI, including a focus on core functions, stronger integration with industry and local/international communities, and enhanced operational efficiency. By shedding light on the formalization, capture, and leveraging of intangible assets, rather than solely focusing on tangible assets, HEI can achieve frugal innovation. Overall, this paper provides a novel perspective by bridging the gap between frugal innovation and IC research in the context of HEI. It highlights the mediating role of IT capabilities in the relationship between IC and frugal innovation, adding valuable insights to the existing literature and contributing to the ongoing scholarly discourse in this field.

Item Type:	Article
Uncontrolled Keywords:	Intellectual Capital, Frugal Innovation, IT Capabilities, Higher Education Institution
Subjects:	L Education > LB Theory and practice of education > LB2300 Higher Education
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	30 May 2024 02:33
Last Modified:	30 May 2024 02:33
URII:	http://shdl.mmu.edu.my/id/eprint/12491

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