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Innovation
Innovation
Innovation is the creation or improvement of a product, idea, or process.
It can be:
New (completely original)
Improved (better than before)
🔧 Example: A smartphone with a foldable screen is an innovation
Diffusion
Diffusion is how the innovation spreads through a market or society over time.
It shows how people adopt new ideas or products.
📈 The adoption usually follows a curve:
Innovators – First to try it (risk-takers)
Early adopters – Trendsetters
Early majority – More cautious but open
Late majority – Skeptical, adopt after many others
Laggards – Last to adopt, prefer tradition
Social roots of consumerism
Consumerism is a way people behave in all cultures, focused mainly on buying and using goods and services.
It also helps share social values and norms through how people interact with each other.
These interactions can include:
Passing values and habits from one generation to the next
Sharing behaviours within social groups (like friends or communities)
Subliminal Advertising
Subliminal advertising is a type of marketing that tries to influence people without them being fully aware of it. It uses hidden messages, images, or sounds that are below the level of conscious awareness.