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One type of innovation that seems quite promising to reconcile innovation and positive impact, especially on happiness, is frugal innovation. We present here the ins and outs of this innovation in terms of well-being.

This chapter summarizes the main results of the previous chapters in order to propose a new concept, that of Positive Innovation, allowing for a happy medium between innovation and happiness.

It is argued in this article that the main problem for the modern, globalised firm is not one primarily of the unequal distribution of information, but rather of the difficulty of mobilising and integrating fragmented forms of localised knowledge. In such a context, the role of new means of telecommunication and cooperative working is investigated. It is shown that networking favours a transparent mode of governance characterised by inter-linked actors and their continuous stimulation. Thus, the con ceptualisation of the globalised firm as a collection of competences offers a frame work for analysing governance mechanisms, involving the issue of incentives.