Complete this report with these words:

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The Report on The Diffusion of Innovation

Executive Summary:

This report (1) the diffusion of technology and its impact on businesses. The report begins (2) defining what technology diffusion is and the various models used to explain the process. The report then (3) on to discuss the ways in which technology diffusion affects businesses, including the advantages and (4) of early adoption, the importance of understanding the technology adoption lifecycle, and the role of networks and social influences in the diffusion process.


Technology diffusion refers (5) the process by which new technologies are adopted and spread throughout a population or industry. There are (6) models used to explain this process, including Everett Rogers' Diffusion of Innovations model, which suggests that the adoption of a new technology follows a bell-shaped curve and that early adopters (7) a critical role in the diffusion process.

Impact on Businesses:

The diffusion of technology can have a significant (8) on businesses. One of the key advantages of early adoption is that it can provide a competitive advantage, allowing early adopters to (9) market share and establish themselves as thought leaders in their industry. However, there are also risks associated with early adoption, including the potential for investing (10) unproven technology and a lack of understanding of the technology adoption lifecycle.

It is important for businesses to understand the technology adoption lifecycle and to (11) consider the stage at which they adopt a new technology. This can help them to (12) the risks of early adoption while still being able to take advantage of the benefits of early adoption.

Networks and (13) influences also play a critical role in the diffusion of technology. Businesses that are able to build strong networks and leverage social influences can improve their chances (14) successfully diffusing new technologies.


The diffusion of technology can have a (15) impact on businesses. By understanding the technology adoption lifecycle and leveraging networks and social influences, businesses can successfully adopt new technologies and gain a competitive (16) . However, businesses should also be (17) of the risks associated with early adoption and carefully consider the stage at which they adopt a new technology.



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