More on adoption criteria of revolutionary business techniques: the case of ETFs

Abstract

Purpose This paper aims to add further evidence to adoption criteria for “revolutionary” business techniques. Design/methodology/approach Adoption criteria for business techniques with a high degree of novelty have been developed earlier. The case of exchange-traded funds supports the earlier findings. The methodology applied is explicative. Findings The analysis supports findings that an effective response to a problem, the availability of a controllable procedure, the means to apply the procedure easily and the hardware jointly explain adopting “revolutionary” business techniques. Research limitations/implications The results of case studies, in general, do not permit induction. More research might identify additional adoption criteria or falsify the presently obtained results. Therefore, further research is invited. Practical implications Managers seeking or being introduced to new techniques in business administration might use the criteria outlined here for their evaluation. Originality/value The author believes this paper corroborates earlier findings on adopting “revolutionary” business techniques that draw on theoretically developed technologies.