Course Content
Innovations in Business
Innovations in Business: Types of Innovations, Creating and Identifying Opportunities, Screening of Business Ideas
0/5
Business Plan and Feasibility Analysis
Business Plan and Feasibility Analysis: Concept and Process of Technical, Market, and Financial Analysis
0/4
Sickness in Small Industries
Sickness in Small Industries: Reasons and Rehabilitation
0/2
Unit X: Test Your Knowledge
Unit X: Test Your Knowledge
0/1
Unit X: Entrepreneurship Development

๐Ÿ“˜ Diffusion of Innovation Theory | ๐Ÿ“… 1962 | ๐Ÿ‘ค Everett Rogers

The Diffusion of Innovation Theory was introduced by Everett M. Rogers in his landmark book:

“Diffusion of Innovations” (1st Edition, 1962)

In that book, Rogers proposed both:

  • ๐Ÿ“Š The Diffusion of Innovation Theory (population-level perspective)

  • ๐Ÿง  The Innovation Adoption Process Model (individual-level decision-making)

The theory outlines how, why, and at what rate new innovations are adopted, offering insights into the factors that determine whether an innovation will be successful within a community or society.


๐Ÿงฉ A. Five Factors Influencing Adoption of Innovation

E.M. Rogers identified five key factors that influence how quickly and effectively an innovation is adopted:

  1. โš–๏ธ Relative Advantage โ€“ Is the innovation better than what it replaces?

  2. ๐Ÿ”— Compatibility โ€“ Is it consistent with existing values and practices?

  3. โ“ Complexity โ€“ Is it difficult to understand and use?

  4. ๐Ÿงช Trialability โ€“ Can it be experimented with on a limited basis before full adoption?

  5. ๐Ÿ‘€ Observability โ€“ Are the results visible to others?

ย 


๐Ÿ‘ฅ B. Categories of Adopters

Rogers classified individuals into five categories based on their speed and timing of adoption:

๐Ÿš€ Innovators (2.5%)

  • First to adopt an innovation.

  • Risk-takers and eager to experiment.

  • Have access to resources or networks that facilitate early adoption.

  • Crucial in introducing innovations into the social system.

๐ŸŒŸ Early Adopters (13.5%)

  • More deliberate than innovators.

  • Often opinion leaders with higher social status.

  • Play a vital role in influencing others and spreading awareness.

๐Ÿงฉ Early Majority (34%)

  • Cautious but adopt after seeing proven benefits.

  • Represent a critical mass for widespread adoption.

  • Their involvement marks the point at which an innovation begins to become mainstream.

โณ Late Majority (34%)

  • Skeptical and conservative.

  • Adopt only after most of society has.

  • Driven by peer pressure or economic necessity.

๐Ÿข Laggards (16%)

  • Last to adopt innovations.

  • Highly resistant to change, often adopting only when absolutely necessary.

  • Tend to be traditional and less socially connected.