First mover advantages

From CNM Wiki
Revision as of 22:34, 15 July 2020 by Kainat9 (talk | contribs) (Created page with "First mover advantages are the benefits a firm may achieve by entering a new market or developing a new product or service before rival firms. ==Definition== According to...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

First mover advantages are the benefits a firm may achieve by entering a new market or developing a new product or service before rival firms.

Definition

According to the Strategic Management by David and David (15th edition),

First mover advantages. The benefits a firm may achieve by entering a new market or developing a new product or service before rival firms.