Diffusion of innovations

About: Diffusion of innovations is a research topic. Over the lifetime, 2139 publications have been published within this topic receiving 191397 citations. The topic is also known as: diffusion of innovation & diffusion of innovations theory.

Innovation, creative destruction, and price theory

Abstract: Our purpose in this paper is to consider developments in price theory required to facilitate the evolutionary analysis of economic change. Evolution is always a matter of change and, although its driving force is innovation, the price mechanism is central to how innovations are resolved into economic development. That is Schumpeter’s great theme, but he said relatively little about who sets prices or how and why prices are changed. We focus particularly on price determination in markets disrupted by innovations, where firms are necessarily heterogeneous. We contrast the evolutionary paths followed by prices and market structure when prices are determined by market clearing to the paths when prices are determined through the application by firms of administered rules and routines to achieve their strategic objectives. This links the analysis to theories of administered prices and post-Keynesian price theories more broadly. Interaction of innovators with their customers and with established competitors create the context for the evolution of pricing rules along with differential firm growth, which together generates structural change in the industry and the economy. We show that analyzing how the introduction and diffusion of innovations impact on the rules and routines provides the foundation for a broadly applicable evolutionary price theory.

Positioning RFID Technology Into The Innovation Theory Landscape: A Multidimensional Perspective Integrating Case Study Approach

Abstract: The main objective of this paper is to analyze RFID technology as an innovation concept through the lens of the diffusion of innovation theory. Drawing on the extant literature on the diffusion of innovations –with an emphasis on innovation classifications and the “open innovation”–, as well as on an analysis of a longitudinal case study conducted in a Canadian beverage supply chain currently exploring the potential of RFID technology, this research study suggests that RFID technology is a multidimensional concept than encompasses the traditional classifications of innovations (e.g., technological and organizational innovation, product and process innovation, incremental and radical innovation, interactive innovation) and emerging classifications such as open innovation. Therefore, any study on the assessment of the impact of RFID-enabled supply chain optimization should be aware of the locus of interest of each supply chain stakeholder with regard to RFID technology in order to better capture the network effect associated with the technology.

Interview study: How can Product-Service Systems increase customer acceptance of innovations?

Abstract: Since customer acceptance is responsible for the success of innovative products, this study investigates how Product-Service Systems (PSS) influence customer acceptance of innovations. Using the example of electric vehicles (EV) in carpools, interviews were held with four PSS providers and four PSS customers from Germany and Sweden. The results of the interviews were then analyzed according to Rogers’ theory of the diffusion of innovations: Providing innovative products as PSS can increase customer acceptance by reducing performance gaps that exist between innovative and existing technologies. The main gaps found with EVs are their limited range and high purchase costs. Customers perceive those gaps as less considerable if they rent EVs in a carpool.