Since the competition among modern companies has been getting stiffer and stiffer and the rate of new product failure in the market has increased, they have concentrated their efforts on understanding and utilizing the diffusion and adoption of new pr...
Since the competition among modern companies has been getting stiffer and stiffer and the rate of new product failure in the market has increased, they have concentrated their efforts on understanding and utilizing the diffusion and adoption of new products which have influenced vitally on their survival and growth.
Recognizing this situational importance, this paper attempts to analyze following subjects in order to provide modern companies with the theoretical framework required for marketing strategy development.
1.The diffusion process of new product.
2.New product development process.
3.Adoption process by individual and organization.
4.Influencing variables on the diffusion of new product.
5.Effective communication channel at the each stage of new product diffusion.
6.Roles of opinion leader and change agent.
But this paper suggests Meta Research to achieve its theoretical and empirical validity.