Discussion Board Questions: Each Question Should Have A Resp

Discussion Board Questions Each Question Should Have A Response Of 25

Discussion board questions, each question should have a response of words. Some businesses have as their primary mission to be innovative above all else. Give an example of such a business and suggest how this innovative message in its mission statement might be helpful to the company. Innovations are typically adopted over varying time periods. Identify two innovations that have evolved through the "late majority" adoption stage; how are they similar or different?

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Discussion Board Questions Each Question Should Have A Response Of 25

Many businesses prioritize innovation as their core mission to stay competitive and lead in their respective industries. An illustrative example is Tesla, Inc., whose mission emphasizes accelerating the world’s transition to sustainable energy through continuous innovation in electric vehicles, energy storage, and renewable energy solutions. Tesla’s commitment to innovation manifests in their pursuit of cutting-edge battery technology, autonomous driving capabilities, and sustainable manufacturing processes. Embedding innovation in its mission statement helps Tesla position itself as a forward-thinking pioneer, attracting top talent, reassuring investors, and appealing to environmentally conscious consumers. This focus encourages a culture of continuous improvement, risk-taking, and rapid adaptation to technological advancements, which are essential in a highly dynamic industry like clean energy and automotive manufacturing.

Innovations in the "Late Majority" Adoption Stage

Innovation adoption typically follows a bell-shaped curve, divided into categories: innovators, early adopters, early majority, late majority, and laggards. The late majority adopts innovations after they have become well-established and proven to be effective. Two notable innovations that have matured through the late majority stage are the widespread adoption of smartphones and solar photovoltaic (PV) technology.

Smartphones transitioned from early adopters to the late majority around the mid-2010s when they became essential daily tools for most adults worldwide. Initially, early models were expensive and targeted tech enthusiasts, but as manufacturing scaled and technology matured, prices dropped, and smartphones became ubiquitous. The late majority's adoption was driven by the expansion of mobile networks, the availability of affordable devices, and the integration of essential features like internet access, cameras, and applications (Katz & Aakhus, 2002).

Similarly, solar PV technology moved from niche market adoption in the early 2000s to widespread use by the late majority in the 2010s. Initially favored by environmentally conscious early adopters and governments through subsidies and incentives, solar energy technology eventually became cost-competitive with traditional energy sources. Commercial and residential sectors adopted solar panels mainly due to declining costs, increased efficiency, and regulatory support (Luthra et al., 2015).

Both innovations share common characteristics: they experienced initial high costs, limited adoption, and skepticism, followed by technological improvements and cost reductions that facilitated mass acceptance. However, they differ in their broader context; smartphones integrated into existing communication ecosystems and social behaviors, while solar energy represented a shift in energy consumption and environmental sustainability practices (Rogers, 2003).

Overall, the transition through the late majority stage marks a critical point where innovations achieve market saturation, often resulting in standardization, widespread infrastructure development, and economic efficiency. Understanding this phase offers insights into the diffusion process and the strategic actions necessary for further dissemination or disruptive innovation in the future.

References

• Katz, R., & Aakhus, M. (2002). Technology adoption and diffusion. In S. W. J. W. (Ed.), Communication and Technology (pp. 201-221). Routledge.
• Luthra, S., Govindan, K., Kannan, D., & Ganguli, R. (2015). Analyzing barriers to solar energy adoption in India: A Delphi methodology perspective. Renewable and Sustainable Energy Reviews, 50, 1197-1207.
• Rogers, E. M. (2003). Diffusion of Innovations. Free Press.