What is the meaning of Crossing the Chasm?
The chasm refers to the technology adoption lifecycle, or the transition from the early market into the mainstream eye. Crossing the chasm means the opportunity for hyper-growth and market success.
The chasm is the gap between your early adopters (visionaries) and your early majority, which make up the the start of the mainstream market. This is the most difficult market to capture and often where most technologies fail to make progress.
What is “Chasm”? The chasm is a critical point in the product adoption lifecycle that occurs between the early adopters and the early majority. This is the stage right before the product is going to hit the masses i.e. early majority.
The chasm between the early adopters and the early majority is huge, and it is generally accepted that once you've bridged that chasm, the innovation is accepted and will take off. If you fail to bridge the chasm, your innovation will stop at the early adopters and won't ever gain traction in your organization.
: a deep cleft in the surface of a planet (such as the earth) : gorge. built a bridge over the chasm. : a marked division, separation, or difference. the chasm between the rich and the poor.
Meaning: ['kæzəm] n. a deep opening in the earth's surface. (1) Suddenly a huge chasm opened in the earth. (2) She stood at the edge of the chasm and stared into the void. (3) A huge chasm gaped before them.
Chasm is based on the New Testament parable of The Rich Man and Lazarus. In the parable, the rich man dies and goes to hell.
The Marketing Concept focuses on the needs of the buyer. 2. The Sales Concept is preoccupied with the seller's need to convert his/her product into cash. The Marketing Concept is preoccupied with the idea of satisfying the needs of the customer by means of the product as a solution to the customer's problem (needs).
To feel valued
Feeling valued is the one customer need that most ecommerce stores overlook. Some companies seem to forget that without your consumers, you would have no business.
The chasm exists because after a certain point of selling a product to early adopters, the sales reach a plateau where the next stage of growth is to take the product to the masses.
Who was the Chasm?
According to legend, the Chasm was formed by a falling star somewhere around 6000 years ago. This meteorite had a "proud and agitated temper," and during the Archon War, the constant strife caused this meteorite to leap back into the heavens, leaving behind the massive expanse that was the Chasm.
The gap is widest between the Early Adopters (Visionaries) and the Early Majority (Pragmatists). These groups differ from each other in such a way that using one as a reference base for the other, is highly ineffective. This gap is therefore indicated as 'the Chasm'.
For Rogers (2003), the innovation-decision process involves five steps: (1) knowledge, (2) persuasion, (3) decision, (4) implementation, and (5) confirmation. These stages typically follow each other in a time-ordered manner.
Diffusion of Innovation (DOI) Theory, developed by E.M. Rogers in 1962, is one of the oldest social science theories. It originated in communication to explain how, over time, an idea or product gains momentum and diffuses (or spreads) through a specific population or social system.
a yawning fissure or deep cleft in the earth's surface; gorge. a breach or wide fissure in a wall or other structure. a marked interruption of continuity; gap: a chasm in time.
adjective. filled with vapor. “miasmic jungles” synonyms: miasmal, vaporous, vapourous cloudy. full of or covered with clouds.
Biblical Names Meaning:
In Biblical Names the meaning of the name Heled is: The world, rustiness.
A sentence is a group of words which, when they are written down, begin with a capital letter and end with a period, question mark, or exclamation mark. Most sentences contain a subject and a verb.
sentence noun [C] (WORD GROUP)
a group of words, usually containing a verb, that expresses a thought in the form of a statement, question, instruction, or exclamation and starts with a capital letter when written: He's very impatient and always interrupts me mid-sentence.
A deep, steep-sided rift, gap or fissure; a gorge or abyss.
What enemies are in The Chasm?
The Chasm enemies: Ruin Serpents
HoYoverse The Ruin Serpent is a new Genshin Impact enemy that inhabits The Chasm. The Ruin Serpent is an ancient mechanical snake that dwells within the depths of The Chasm.
Reach Adventure Rank 28
Though you'll be able to view the entrance of The Chasm once you've reached Liyue, you won't be able to officially enter until you're at Adventure Rank 28. For lower-ranked adventurers, we've got a handy guide of the fastest ways to raise your Adventure Rank.
The chasm was formed by glacial activity along faults in the earth's bedrock, creating cliffs, caves, and other rock formations.
Marketing concept is a set of strategies that the firms adopt where they analyse the needs of their customers and implement strategies to fulfil those needs which will result in an increase in sales, profit maximisation and also beat the existing competition.
Product: The first and arguably most important step is figuring out what exactly you're selling. Whether it's a product or service, every aspect of your message should revolve around this “P” so you know how to position it in the marketplace and figure out the best methods for sharing information about it.