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

Diseases of cardiovascular and haemopoietic system, D i s e a s e s ...

D i s e a s e s of Cardiovascular and Haemopoietic System Cardiovascular system maintains circulation of blood for normal exchange of fluid, electrolytes, oxygen and nut

Enumerate different implant materials, Q. Enumerate different implant mater...

Q. Enumerate different implant materials? Biomaterials fall into four categories: metal and metal alloys, ceramics (carbon included in this group) synthetic polymers, and natur

Explain the oligosaccharides (dp: 3-9) - carbohydrates, Explain the Oligosa...

Explain the Oligosaccharides (DP: 3-9) - carbohydrates? Oligosaccharides consists of short chains of monosaccharide units joined by covalent bonds. The glycosidic bond may be α

Health and economic development - linkage and impact, Health And Economic D...

Health And Economic Development - Linkage And Impact It is apparent that the relationship between health and development is a two wayprocess. While healthy people in a country

What an enzyme is called, The substance that is worked on by an enzyme is c...

The substance that is worked on by an enzyme is called: a. product b. coenzyme c. substrate d. inhibitor

What do biomass pyramids represent, What do biomass pyramids represent? ...

What do biomass pyramids represent? The Biomass pyramids represent the sum of the masses of the individuals that participate in each trophic level of a food chain.

Deficiency diseases-parturient paresis , Parturient paresis (milk  fever, h...

Parturient paresis (milk  fever, hypocalcaemia) Parturient paresis is an acute to peracute non-febrile disease, which occurs in diary cows and buffaloes usually around the t

Dietary fats required for dyslipidemia, Q. Dietary Fats required for dyslip...

Q. Dietary Fats required for dyslipidemia? Dietary Fats: There is a consistent support for the hypothesis that both the quantity and quality of fat are directly associated with

What is st elevation in leads without q-wave, Q. What is ST Elevation in Le...

Q. What is ST Elevation in Leads without Q-Wave? ST elevation in leads without Q-waves can occur in few very different situations, both of which are fairly uncommon. The first

Can you explain mitotic apparatus, Q. What is mitotic apparatus? Mitoti...

Q. What is mitotic apparatus? Mitotic apparatus is the set of aster fibers, radial structures around each centriole pair, plus the spindle fibers, fibers that extend across the

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