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New Products Adoption in the Contemporary Market - Essay Example

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The present paper is essentially a survey article on diffusion research directed to further the perceptions about diffusion in innovations thereby contributing to the understanding adoption of new products. The paper looks at a large number of original works on the field…
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New Products Adoption in the Contemporary Market
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"New Products Adoption in the Contemporary Market"

Download file to see previous pages Because of such differentiation, a bifurcation has been observed in the process of buyer behavior related theoretical development. Although beneficial for the purpose of teaching and planning, according to the author, such divergence has prevented the development of theoretical structures that act as generic to both forms of buyer behavior.
Although traditionally consumers are distinguished from organizations particularly in case of buying behavior due to the implicit understanding that while the consumer as an individual decision maker tends to be whimsical and responsive to sudden bursts of irrationality, organizations do not and professional organizational behavior is bound to be rational as it is the result of joint decision making in the presence of constraints like set objectives and priorities which prevent irrational and indulgent choices, the author argues against such distinctions pointing out the individual buyer although does not have to abide by constraints faced by professional organizations, has to make choices always being constrained by being a part of another organization – society. The differentiation is disagreed with by questioning the assumption that same individuals act differently under organizations that are contextually different, one being a professional organization while the other is the society the individual is embedded in. It is posited that theoretical enrichment is to be derived if buyer behavior is studied without differentiating between consumers and organizations.
That in spite of consumers and organizations exhibiting different motivations and patterns in buying at times there are significant overlaps which lead to enhanced perceptions regarding the necessity of development of a general theoretical framework that can elucidate the differences of buying practices which are observed in different contextual settings. ...Download file to see next pagesRead More
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