What does a 'Slow Adopter' strategy entail?

A 'Slow Adopter' strategy entails adopting technologies only after they become mainstream. Organizations that follow this strategy typically take a cautious approach towards new technology by waiting until it has been tested and proven in the market. This allows them to assess the technology's effectiveness, reliability, and cost-efficiency before making an investment.

By opting for mainstream technologies, slow adopters can avoid the risks associated with early adoption, such as compatibility issues, high costs, and the potential for technology failure. This strategy can be particularly beneficial for organizations that have less flexibility in resources or that prefer to minimize risk in their operational processes. Additionally, slow adopters can benefit from observing how early adopters handle challenges related to new technologies, which can inform their own implementation strategies when they do eventually adopt.