2015
DOI: 10.1007/978-3-319-16973-6_16
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Product Familiarity and Consumer Satisfaction

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Cited by 2 publications
(3 citation statements)
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“…By blending the incremental improvements of proven solutions with radically innovative features, learning costs could be reduced, allowing potential funders to feel comfortable and derive more value from using a more familiar product. As crowdfunders note the improvements in existing capabilities and product features stemming from incremental innovativeness, campaigns will come to feel more familiar, reducing consumer resistance toward radical innovativeness and helping funders access the relevant, preexisting knowledge necessary for understanding the radical innovativeness (e.g., Park & Lessig, 1981;Prakash & Thukral, 1984). When relevant and/or preexisting knowledge is provided, this source of information about a campaign can make the learning experience seem less threatening or burdensome (Moreau, Lehmann, & Markman, 2001;Mugge & Dahl, 2013).…”
Section: Moderating Effect Of Incremental Innovativenessmentioning
confidence: 99%
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“…By blending the incremental improvements of proven solutions with radically innovative features, learning costs could be reduced, allowing potential funders to feel comfortable and derive more value from using a more familiar product. As crowdfunders note the improvements in existing capabilities and product features stemming from incremental innovativeness, campaigns will come to feel more familiar, reducing consumer resistance toward radical innovativeness and helping funders access the relevant, preexisting knowledge necessary for understanding the radical innovativeness (e.g., Park & Lessig, 1981;Prakash & Thukral, 1984). When relevant and/or preexisting knowledge is provided, this source of information about a campaign can make the learning experience seem less threatening or burdensome (Moreau, Lehmann, & Markman, 2001;Mugge & Dahl, 2013).…”
Section: Moderating Effect Of Incremental Innovativenessmentioning
confidence: 99%
“…This resulting familiarity is likely to trigger favorable evaluations, making a crowd more willing to contribute to incrementally innovative campaigns. Research has found that consumers feel more comfortable with familiar products, which offset their fear of the unknown (Park & Lessig, 1981;Prakash & Thukral, 1984). For example, people prefer to take risks involving familiar contexts and are more satisfied when they purchase familiar products than unfamiliar ones (e.g., Johnson & Russo, 1984).…”
Section: Hypotheses Incrementally Innovative Campaignsmentioning
confidence: 99%
“…Further, although <50% of those surveyed indicated feeling comfortable with telehealth modalities prior to implementing them, numbers shifted to nearly 96% after several sessions/weeks of usage. Despite the present study not evaluating reasons for this finding, it could be reasonably hypothesized that similar to other theories that have indicated that exposure to items or products leads to familiarity (e.g., Marks & Olson, 1981; Prakash & Thukral, 2015), the exposure to the novel technologies may have led to a familiarity that subsequently led to a greater level of comfort. Alternatively, for some providers, it is possible that education obtained in parallel with the use of the telehealth modalities also contributed to increased comfort.…”
Section: Discussionmentioning
confidence: 49%