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Health, Medicine, Nursing
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English (U.S.)
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Topic:
15 First-Mover Advantage
Essay Instructions:
Reflect on the following in a minimum of 500 words:
First-Mover Advantage
Is health care as an industry compatible with first-mover advantage?
Diffusion of Innovation
Read the following article from the University Library:
Dearing, J. W., & Cox, J. G. (2018). Diffusion of innovations theory, principles, and practice. Health Affairs, 37(2), 183-190.
Respond to the following in your reflection:
How is Everett M. Rogers’s Diffusion of Innovations related to change?
How does it relate to advancements in health care and health care professionals using advancing technology?
Citation for article-Dearing, J. W., & Cox, J. G. (2018). Diffusion Of Innovations Theory, Principles, And Practice. Health Affairs, 37(2), 183-190. https://doi(dot)org/10.1377/hlthaff.2017.1104
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15 First-Mover Advantage
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15 First-Mover Advantage
Is health care as an industry compatible with first-mover advantage?
The first mover advantage concept is applicable in the market after the introduction of new products or new services. In the healthcare industry, we equate that to introducing new vaccines, new treatment drugs, and sanitation products, among other health components. Healthcare is an ever-evolving field with innovations being introduced all the time to improve individual or community health. Although the first move advantage is applicable in the healthcare sector, it is restricted by regulations, ethics, and patient safety considerations.
How is Everett M. Rogers’s Diffusion of Innovations related to change?
The innovation theory by Everett Rogers delves into how a new idea, innovation, technology, and treatment spread among individuals or groups. Everett acknowledges that individuals adopt an idea or innovation at different rates governed by other factors. Therefore, new ideas spread differently among people (Dearing & Cox, 2018). Some individuals adopt an idea immediately; others take some time, while others do not adopt the idea. Everett's innovation theory categorizes the different adopters according to their adoption rate of ideas and innovations. The groups are innovat...
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