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Incentivizing Older Consumers to Adopt New Technologies - Ideas for Leaders

Incentivizing Older Consumers to Adopt New Technologies

Idea #502

Incentivizing Older Consumers to Adopt New Technologies

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KEY CONCEPT

Companies traditionally ignore older consumers when marketing new technologies and innovations. While the non-monetary adoption costs to older consumers are high as previous research suggests, a new mathematical model — that looks at consumers over their entire lifecycle — reveals that monetary costs to older consumers actually decrease with age. 


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Idea conceived

April 1, 2014

Idea posted

Mar 2015
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