Relationship Between Product Life Cycle and Innovation Adoption Curve?



Summary of Innovation Adoption Curve > Forum Log in  |  Help

Ebinabo Ofrey, Entrepreneur, Malaysia
Pls could someone explain the relationship between the PLC and the Innovation Adoption Curve? Thanks.
 

  The Relationship Between the Adoption Curve and PLC
ahmed rashad, Egypt
It is imperative to to link both the adoption curve and the PLC...
- During the first stage of PLC (introduction) only innovators and early adopters try to purchase or to own.
- Then in the second stage (growth)the early majority who are more risk avoiders try to purchase after seeing the innovators experience with the purchase..
- Then in the third stage (mature) the late majority enters after the product/service has a wide spread and available.
- The laggards who are the most risk avoiders people try to purchase after the products prove its claims and effects.. Also produced in mass production they are the last type of people who will try the product/service in its decline phase.
You as an entrepreneur should consider this link when planning to introduce new services and products. For additional info. Kindly contact me.
 
   



 
   
 

Sponsor
Is your firm specialized in Innovation Adoption?

Special Interest Group Leader
Would you like to be our Innovation Adoption SIG Leader?

More on Innovation Adoption Curve
Summary of Innovation Adoption Curve
Innovation Adoption Curves Variants
Relationship Between Product Life Cycle and Innovation Adoption Curve?
Adopters and Non-Adopters
Changes In- and Outside a Company
5 Elements of Innovation
Example of Innovation Adoption Curve: Apple
Influence of Culture and Sub-cultures on Innovation?
Market Strategies per Stage of the Adoption Curve
Adoption Curve Profiling Tool

All you need to know about management

12manage for:



Management Smart Card

12manage in:





Copyright 2014 12manage - The Executive Fast Track. V12.0 - Last updated: 23-8-2014. All names tm by their owners.