The rate of technology diffusion has increased substantially over the past 15 to 20 years.
the speed at which new technologies become available and are used
rate of technology DIFFUSION
It took the telephone 35 years to get into 25 percent of all homes in the United States.
It took TV 26 years.
It took radio 22 years.
It took PCs 16 years.
It took the Internet 7 years.
The impact of technological changes on individual firms and industries has been broad and significant.
Firms operating with a more traditional business model are suffering.
a term used to describe how rapidly and consistently new, information-intensive technologies replace older ones
perpetual innovation
The shorter product life cycles resulting from these rapid diffusions of new technologies place a competitive premium on being able to quickly introduce new innovative goods and services in the market.
