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

How emulsion can stabilized, How emulsion can stabilized Emulsions can ...

How emulsion can stabilized Emulsions can be stabilized by the use of emulsifiers, finely divided particles adsorbed at the interface and water dispersible hydrocolloids. Emuls

Embden meyerhof pathway, Anaerobic Oxidation Embden Meyerhof pathway ...

Anaerobic Oxidation Embden Meyerhof pathway The initial  stage of biological oxidiation  includes  a series of nine  main sequential   steps  of reactions  known  as Embd

Determine net atp production after complete oxidation, How do you determine...

How do you determine net atp production after complete oxidation to CO2 and H2O using mitochondrial?-oxidation, the TCA cycle, the mitochondrial electron transport chain and oxidat

What are the presumed target substrates, What are some of the presumed targ...

What are some of the presumed target substrates for cyclin-dependent kinases?

Show the process of construction of keys, Q. Show the process of Constructi...

Q. Show the process of Construction of Keys? Keys are constructed using contrasting characters. The possible names in the key are divided into smaller and smaller groups. Each

Explain membrane-bound organelles, Membrane-bound organelles are absent in ...

Membrane-bound organelles are absent in : 1. Saccharomyces 2. Streptococcus 3. Chlamydomonas 4. Plasmodium Streptococcus

Movement, Movement Movement is another characteristic of living things...

Movement Movement is another characteristic of living things. It does not always mean locomotion or movement from one place to another. In animals movement is quite obvious. W

Prokaryotes and eukaryotes, Prokaryotes and Eukaryotes By now, you kno...

Prokaryotes and Eukaryotes By now, you know that cell theory holds good for all living forms. However, if you examine under the microscope, the cells of a bacterium, a blue gr

Biological collections, Why do scientists make biological collections? Wha...

Why do scientists make biological collections? What are the scientific reasons for doing a collection? How is a collection done?

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