L06 Diffusion of Innovation
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Transcript of L06 Diffusion of Innovation
Why is it that good products can fail and inferior – “good enough” products can succeed?
What are the customers really buying?
Edison’s ideas for the phonograph
1. Letter writing and all kinds of dictation2. Phonographic books, which will speak to blind people3. The teaching of elocution.4. Reproduction of music.5. The "Family Record” ... and of the last words of dying persons.6. Music-boxes and toys.7. Clocks that should announce... time for going home, going to meals, etc.8. The preservation of languages9. Educational purposes10. Connection with the telephone
http://memory.loc.gov/ammem/edhtml/edcyldr.html
Phonograph conclusion:
Customers wanted music by their favourite singers - the stars
Disk are more convenient
Betamax conclusion:
Customers wanted to record and/or rent movies
Legal issues also played some part
And the Porn Industry was forced to adopt VHS
Development started 1978
Release 1983
Sold 100.000 machines
Featured preemptive multi- tasking OS with Graphical User Interface
In the early days The innovators and technology enthusiasts drive the market They demand technology Small percentage of the market
In the later days The pragmatists and conservatives dominate; they want solutions and convenience The big market
Technology Adoption Life Cycle - The Law of Diffusion of Innovation
In the early days THEY BUY FOR THE
WHY
In the later days THEY BUY FOR THE
WHAT
Technology Adoption Life Cycle - The Law of Diffusion of Innovation
APPLE WAS IRRELEVANT AND ALMOST BACKRUPT IN 1997 IN 2012 IT WAS THE MOST VALUABLE COMPANY IN THE WORLD
Brain NEO CORTX: RATIONAL, ANALITICAL THOUGHT, LANGUAGE
LIMBRIC SYSTEM: FEELINGS, TRUST, LOYLTY, BEHAVIOUR, DECISION MAKING
REPTILIAN: INSTINCTS, HUNGER, DANGER
Source: Geoffrey A. Moore: Crossing the chasm
Crossing the ChasmThe change in customers as technology matures Crossing the chasm – or the Tipping point
What caused the tipping point for the iPod?
Apple said it sold a record 22.7 million iPods, which commands a 70% share of the U.S. market for music players. (source: LA times)