The Effects of Perceived Risk on Consumer' Inclination to Adopt Innovations

Abstract

The concept of innovativeness in the context of recent technological developments emerged as a frequently studied subject. Consumers' resistance is the reason for failure of many business innovations. Therefore, identifying the factors affect consumers' adoption of innovations gained importance. In my study, when buying technological products consisting of perceptions of resistance to the impact on innovation were analyzed. In this context, the data were collected from 375 consumers via survey and statistical analyzes were performed. Research findings detected a positive relationship between financial, technological, time and social risk factors that consumers perceive when buying technological products and consumer resistance. On the other side, there is a negative relationship between consumer resistance and trends of the adoption of innovations by consumers.