Business Strategy and Policy
Diffusion of innovations is the process through which new ideas, products, or practices spread within and among cultures and social systems. This concept highlights how innovations are adopted by different groups over time, emphasizing the role of communication, social networks, and perceived value in this spread. Understanding this process is crucial for effective innovation management, as it helps organizations tailor strategies to promote their offerings and ensure successful adoption among target audiences.
congrats on reading the definition of diffusion of innovations. now let's actually learn it.