Technology Diffusion and Disruptive Technologies

Cards (11)

  • 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.