Diffusion of Innovation

Marketing dictionary

Diffusion of Innovation

the idea that some groups within a market are more ready and willing to adopt a new product than others and that the product is diffused through a society in waves; the groups, in order of their readiness to adopt are innovators (2.5 percent of the population), early adopters (13.5 percent), early majority (34 percent), late majority (34 percent) and laggards (16 percent).

Back to previous
Rate this term

Search

Browse A-Z

Select a letter to find terms listed alphabetically.