Question: Explain innovation diffusion. What does it mean and what are some of the aspects of the supply and demand factors that determine diffusion pace? Give

Explain innovation diffusion. What does it mean and what are some of the aspects of the supply and demand factors that determine diffusion pace? Give an example of innovation diffusion.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Innovation diffusion is the process through which an innovation such as a new product idea or practice spreads among potential adopters in a social sy... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Management Leadership Questions!