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Anything else?
How to achieve it?
1.Create technological edge over
competitors by starting earlier
2.Get access to scarce assets: talent,
key suppliers, location;
3.Building early customer base
4.
Conditions were ignored
Conditions
1.Pace of technology development
Examples:
consumption
1908 produced by Henry Hoover
purchased
To hoover
Why:
10 years!
Short-term advantage – without
market share
2004 – 82 %
entrance
So
1.Analyze environment
2.Assess your resources
3.Decide if advantage will be short-
term, long-term, immediate or
delayed, or none
4.In order for a company to try and
become a first-mover that
company needs to figure out if the
overall rewards outweigh the
beginning/underlying risks