Adoption of technological developments, Biology

Assignment Help:

Adoption of Technological Developments

It takes time for a newly innovated product to be widely adopted. The adoption depends on two factors viz. higher profit and flow of information or dissemination of benefits. The former posits that physicians adopt a new technique if it increases their profits. The latter emphasises the role of dissemination through various forums/ channels (e.g., journals, conferences, colleagues, friends etc.). Apart from considerations of profits by the medical professionals, there is also ‘information externalities’ inherent in adoption of a new technology. An externality is the uncompensated benefits for many persons by the actions of market behaviour.

The process works through multiplication of practices. For instance, by choosing the technology, the physician (or the first adopter) communicates to friends and colleagues that the new product will benefit both the patients and the doctors. The process multiplies itself until the maximum potential is reached. Empirically, the adoption of new technological developments, follow the logistic curve which is
asymptotic at the base till it reaches the maximum limit.


Related Discussions:- Adoption of technological developments

What is the deplasmolysis of plant cells, Q. What is the deplasmolysis of p...

Q. What is the deplasmolysis of plant cells? The plant cell when placed under hypertonic medium loses a great quantity of water and its cell membrane detaches from the cell wal

What is aortic stenosis, Q. What is Aortic stenosis? Left Ventricular o...

Q. What is Aortic stenosis? Left Ventricular outflow tract obstruction can occur due to various aortic valvular, subvalvular and supra valvular lesions. Valvular Aortic Ste

Invertabrate zoology, a report on similarities and diffrences between proto...

a report on similarities and diffrences between protozoans and mesazoans

What is kingdom monera, What is Kingdom Monera? The eubacteria, archaeb...

What is Kingdom Monera? The eubacteria, archaebacteria, and blue-green bacteria (or cyanobacteria) which form Kingdom Monera lack the cellular organization that all other livin

Nutrition, pictures for hetrotrophic and autotrophic mode of nutrition

pictures for hetrotrophic and autotrophic mode of nutrition

Aquatic biomes, If you look up a world atlas you would notice that most of ...

If you look up a world atlas you would notice that most of the earth's surface is covered by the waters of the oceans (about 71%). Beneath the water surface is a fascinating world

How are membranes classified, Concerning their permeability how are membran...

Concerning their permeability how are membranes classified? Membranes can be divided as impermeable, permeable, semipermeable or selectively permeable. An impermeable membra

Explain about selection of healing abutment, Selection of healing abutment ...

Selection of healing abutment It is done depending upon the tissue thickness. Tissue thickness can be measured similar to ridge mapping or sounding procedure, wherein after an

How cholera is generally spread in humans, How cholera is generally spread ...

How cholera is generally spread in humans Associated Foods: Cholera is generally a disease spread by poor sanitation, resulting in contaminated water supplies. Sporadic cases o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd