Mechanisms Leading To First-mover Advantages
First-mover advantages can arise from three primary sources. Each category is then separated into a variety of different other mechanisms. All mechanisms are theoretical and assume that other competitors trying to merge into the market are being exploited and overpowered by the first-mover company. All other things equal, the following are the three primary sources of first-mover advantages.
Read more about this topic: First-mover Advantage
Famous quotes containing the words leading and/or advantages:
“I shouldn’t say I’m looking forward to leading a normal life, because I don’t know what normal is. This has been normal for me.”
—Martina Navratilova (b. 1956)
“The advantages found in history seem to be of three kinds, as it amuses the fancy, as it improves the understanding, and as it strengthens virtue.”
—David Hume (1711–1776)