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When new technologies arrive, only a few customers adopt such technologies. A large number of customer...

When new technologies arrive, only a few customers adopt such technologies. A large number of customer remain sceptical about the product. The cost of the new technology remain high. As a result it take long time for the businesses to focus on the new technology until the dominant design comes and the price become affordable by the large number of consumers. From your point of view, what might be the reasons established firms might resist adopting a new technology.

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Some reasons that established firms may not adopt a new technology is because the firm may be focused on improving their current technologies and may not realize that there are newer devices being adopted. The firms may feel that the technology is too complex for them to take the time and cost for them to learn it. For some firms it costs them more in money and time to secure other resources that are needed to operate the new technology.

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