Summers was on the staff of the Council of Economic Advisers under President Reagan in 1982â1983. He also served as an economic adviser to the Dukakis Presidential campaign in 1988. Summers left Harvard in 1991 and served as Vice President of Development Economics and Chief Economist for the World Bank until 1993.
The late majority are skepticalâthey adopt an innovation only after a majority of people have tried it. Finally, laggards are tradition boundâthey are suspicious of changes and adopt the innovation only when it has become something of a tradition itself. Comments by Dr. Laukamm Add/Edit Comments
Cultures that value and reward such behaviour promote a propensity to develop and introduce radical innovation, whereas cultures that reinforce conformity, group interests, and control over the future are not likely to show risk-taking and entrepreneurial behaviour (Herbig & Miller, 1992; Herbig, 1994; Hofstede, 1980a).