Innovation Diffusion
Vijay Mahajan
Abstract
Vijay Mahajan
Abstract
Abstract This article highlights (i) the objectives of the innovation diffusion models, (ii) the role of interpersonal communication, signals, and network externalities in determining the speed and shape of the diffusion process in a social system, and (iii) possible applications of diffusion models in marketing.
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Abstract This article highlights (i) the objectives of the innovation diffusion models, (ii) the role of interpersonal communication, signals, and network externalities in determining the speed and shape of the diffusion process in a social system, and (iii) possible applications of diffusion models in marketing.
Key concepts: Diffusion, Innovation diffusion, Diffusion process, Network effect, Externality, Interpersonal communication, Diffusion of innovations, Business