ENTREPRENEURSHIP

Detailed explanation-1: -Technology diffusion curve is s-shaped because adoption is initially fast when a new technology is introduced to the market. Technology diffusion and information diffusion take the same amount of time. S-curves of technology diffusion are in part a function of the s-curves in technology improvement.

Detailed explanation-2: -The s-shaped or sigmoid diffusion curve implies that, during the early diffusion stage of an innovation, the number of users is only a relatively small proportion of all potential adopters.

Detailed explanation-3: -S-Curve of Innovation (Figure C in Exhibit-1) represents product performance, competitive advantage, or generated value over time. During the evolutionary change, performance starts from a slow initial phase, goes through an accelerated and scaled interval before it stabilizes and matures.

Detailed explanation-4: -A tool that can aid in the identification of breakthroughs is the technology S-curve introduced by Foster (Figure 3). It suggests that technological product performance moves along an S-curve until technical limitations cause research effort, time, and/or resource inefficiencies to result in diminishing returns.

Detailed explanation-5: -Any improvements or enhancements in the performance of technology generally results in higher rates of adoption, thus exhibiting an S-shaped curve. 2. The early stage of both technical performance improvement and technological diffusion is marked by a lack of awareness of the adopted technology.