Innovation diffusion and new product growth models: A critical review and research directions

Product and process innovation in manufacturing firms: a 30-year bibliometric analysis

“…It is also indicative of one of the key factors that impact countries' international competitiveness, productivity, output, and employment performance (Asheim and Isaksen, 1997). Though, Schumpeter evidently presented his definition of innovation within the context of the firm and delineates its extent as product, process, and business model, the debate is ongoing regarding various aspects of invention, including its necessity and sufficiency (Pittaway et al, 2004), intentionality (Lansisalmi et al, 2006), beneficial nature (Camison-Zornoza et al, 2004), successful implementation (Hobday, 2005), and its diffusion (Peres et al, 2010), all of which could provide a more qualifying definition of innovation. As such, OECD (1997) offered this definition of innovation that encompasses all the scientific, technological, organizational, financial, and commercial activities essential to the creation, implementation, and marketing of new or improved products or processes.…”

Networks Externalities as Social Phenomenon in the Process ICT Diffusion

“…Lechman (2015) and Rosenberg (1974Rosenberg ( , 1982 argue that technology and technological progress cover a wide range of human activities, which are positive externalities phenomenon also suggests that growing number of users of new technology automatically increases its usefulness and encourages more people to adopt new technological solutions. Stoneman (1983), Markus (1987), Geroski (2000) or Peres et al (2010) emphasize that emerging network externalities are the principal phenomenon that characterize technology diffusion and determine its dynamics. The network externalities are analogous to 'imitation effect' in the Bass model (see -Bass (1969-Bass ( , 1980, or the 'word-of-mouth' effect (or the 'domino effect') (see -Geroski, 2000, Lee et al, 2010.…”

“Ten Million Readers Can’t Be Wrong!,” or Can They? On the Role of Information About Adoption Stock in New Product Trial

“…In general, individuals can adopt innovation as a result of two types of information: firm-based influences (exogenous or external), such as advertising and other communications by the firm, and social influences (endogenous or internal) resulting from peer interactions in the social system, based on word-of-mouth (WOM) and other interpersonal communications (Peres et al 2010, Mayzlin 2006. The main difference between the two is the locus of control of information.…”