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Diffusion of Innovation

Di Benedetto, C. Anthony·2015·Wiley Encyclopedia of Management

Abstract

Diffusion of innovation is the process by which an innovative product spreads within a market. Several models have been proposed to describe this process. According to Rogers' model, the diffusion rate is influenced by product characteristics and diffusion progresses by word of mouth. Moore's crossing‐the‐chasm model focuses on differences between customer segments, and notes that word‐of‐mouth may not necessarily flow from early to later adopters. Both Rogers' and Moore's models offer managerial insights and implications. Diffusion models, such as Bass's model of durable goods sales, are often used to predict the rate of diffusion of innovative products into the market. Intriguing questions still remain regarding global diffusion of products.

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Metadata

Authors
Di Benedetto, C. A.
Venue
Wiley Encyclopedia of Management
Publisher
Wiley
Published
2015-01-22
Pages
1-5
OpenAlex
W2520915449
Cited by
1,051
References
12
Type
reference entry
Language
en
Open access
closed

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CoChat. (2026). Citation check: Diffusion of Innovation. https://app.cochat.ai/papers/10.1002/9781118785317.weom130016
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Di Benedetto, C. A. (2015). Diffusion of Innovation. Wiley Encyclopedia of Management. https://doi.org/10.1002/9781118785317.weom130016

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.