Innovation Adoption Stages
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A framework explaining how new technologies and innovations are adopted by different groups of people over time, based on their willingness to embrace new things.
The Innovation Adoption Curve Stages
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Innovators
- First to try new things
- Actually figure things out themselves
- Take the most risk with new technology
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Early Adopters
- Second wave of adoption
- Quick to recognize value in new trends
- Often influence others' adoption
-
Early Majority
- First part of the mainstream adoption
- More cautious but still relatively quick to adopt
- Represents a large chunk of eventual users
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Late Majority
- Second part of mainstream adoption
- More skeptical of new technologies
- Wait until something is well-proven
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Laggards
- Last to adopt new technologies
- Highly resistant to change
- Example: "people who still have AOL email addresses"
Learning From Being Wrong
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Common pattern of resistance:
- Initially dismiss new technology
- Have an ego about being right
- Be wrong multiple times
- Learn from mistakes
- Become more open to innovation
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Real examples of being wrong:
- iPhone: "Who would want to read tiny text or watch movies on this?"
- Snapchat: "This is just for kids and inappropriate content"
- Bitcoin: Dismissed in 2012-2013
- Twitch: Initially skeptical about streaming
Strategy for Improvement
- Flip the script when seeing new technology
- Instead of dismissing, lean into curiosity
- Ask "What's making people want to do this?"
- Recognize patterns of previous successful innovations
- Build trust through consistently being early and right
43:45 - 44:34
Full video: 01:11:12SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.