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Marketing Concept | Diffusion Of Innovation

Diffusion of Innovation | The Brand Hopper

Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. It was Everett Rogers, a professor of communication studies, who popularized the theory in his book “Diffusion of Innovations”. He argues that diffusion is the process by which an innovation is communicated over time among the participants in a social system.

Diffusion of Innovation | The Brand Hopper
Note: The chasm exists because after a certain point of selling your product to early adopters you reach a sales plateau where your next stage of growth is to take the product to the masses.

 

There are five stages of the adoption process: 

  1. Knowledge
  2. Persuasion
  3. Decision
  4. Implementation 
  5. Confirmation

Diffusion of Innovation | The Brand Hopper

Knowledge / Awareness: The individual is first exposed to innovation, but he lacks information about the innovation. During this stage, the individual has not yet been inspired to find out more information about the innovation. 

Persuasion: It is at this stage that the person seeks information and is interested in the innovation.

Decision: The individual makes the decision at this stage. He weighs the advantages/disadvantages of using innovation and decides whether to adopt or reject the innovation. Due to the individualistic nature of this stage, it is the most difficult stage on which to acquire empirical evidence

Implementation: The individual employs the innovation to a varying degree depending on the situation. He is at a position to determines the usefulness of the innovation and may search for further information about it.

Confirmation / Continuation: The individual finalizes his/her decision to continue using the innovation. This stage is both intrapersonal (may cause cognitive dissonance) and interpersonal, confirmation the group has made the right decision.

Diffusion of Innovation | The Brand Hopper

 

Read more on 

Hedgehog Concept

Gray Market 

Burrito Principle

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