Which segment of the technology adoption life cycle


Assignment:

1. Read the article Furniture you can Grow and determine which segment of the technology adoption life cycle it resides.

2. Find 3 product examples that reside at the laggards section of Adoption Life Cycle. Explain why you selected them. Do not use product categories. Use specific products like a Nokia flip phone.

Do not simply identify a class of products. For example: Cell phones are products that laggards would buy. This is a product category not a product itself. They would not buy an iPhone 12max. They might buy an iphone 5. Be specific about the product.

Laggards in marketing comprise a group of consumers who avoid change and may not be willing to adopt a new product until all traditional alternatives are no longer available. The group is mostly concerned with reliability and low cost and represents about 16% of the consumer population. Study the definition. Close your eyes and become a laggard. What products do you see around you? Why do you still use them?

Optional article on Laggards: How Being a Laggard or Late Adopter of Technology Can Save You Money

https://www.moneycrashers.com/laggard-late-adopter-technology-benefits/

Readings:

Why we should watch our internal clocks

By Michael J. Breus

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Marketing Management: Which segment of the technology adoption life cycle
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