Consumer receptivity to innovations: individual, peer-group and country-level effects

Jonathan Levie, Saurav Pathak

Research output: Contribution to conferencePaper

Abstract

An innovation is only as good as a consumer’s confidence in it. More often than not, an individual’s demand for and confidence in an innovation has been measured using the dispositional approach wherein it is the degree of an individual’s eagerness to engage with new product or service or his perception of benefit that the product or service has to offer are what become the sole drivers of an individual’s confidence in an innovation. In this paper, we draw upon sociological theories of social norms and look at the regulatory influence of an individual’s peer-group’s perception of an innovation on the individual’s confidence in that innovation. Thus, the paper intends to contribute towards explanations of individual-level innovation confidence by highlighting the socially contextualized aspects of adoption and diffusion of innovation.
Original languageEnglish
Publication statusPublished - 2012
EventBabson College Entrepreneurship Research Conference 2012 - Texas Christian University Neeley School of Business, Forth Worth , United States
Duration: 6 Jun 20129 Jun 2012
http://www.babson.edu/Academics/centers/blank-center/bcerc/Pages/previous-conferences.aspx

Conference

ConferenceBabson College Entrepreneurship Research Conference 2012
CountryUnited States
CityForth Worth
Period6/06/129/06/12
Internet address

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    Levie, J., & Pathak, S. (2012). Consumer receptivity to innovations: individual, peer-group and country-level effects. Paper presented at Babson College Entrepreneurship Research Conference 2012, Forth Worth , United States.