Jugaad as a concept
The jugaad concept can be contrasted with the Western (originally American) concept of a hack or kludge. Although in its general meaning "hack" is very similar to "jugaad", a jugaad can be thought of more as a survival tactic, whereas a hack, especially nowadays, is seen an intellectual art form. Both concepts express a need to do what needs to be done, without regard to what is conventionally supposed to be possible.
Jugaad is increasingly being accepted as a management technique and is recognized all over the world as an acceptable form of frugal engineering pioneered in India.Companies in India are adopting Jugaad as a practise to reduce research & development costs. Jugaad also applies to any kind of creative and out of the box thinking which maximizes resources for a company and its stakeholders.