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Explain the Major Stages of the Product Adoption Process

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Explain the major stages of the product adoption process.


Definitions:

Systems Thinking

An analytical approach that focuses on understanding how components of a system interact with each other within a complete entity or larger system.

Contingency Thinking

The mindset of preparing for and adapting to unforeseen or variable circumstances in decision-making.

Contemporary Organisations

Modern entities or institutions structured to achieve specific goals, characterized by their adaptive strategies in dynamic environments.

Theory Z

A management approach that integrates Japanese and American business practices, focusing on long-term employment, collective decision-making, and holistic concern for employees.

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