Arguments For and Against the Concept of First Mover Advantage. A Discussion

Essay from the year 2020 in the subject Business economics - Operations Research, grade: 2.1, University of Northampton, language: English, abstract: This article will discuss the advantages and disadvantages of the first mover. It is used to explain that the forerunner is important. The article will explain that the forerunner is indispensable to the industry by introducing the development of the enterprise and the problems that the forerunner may encounter. With the development of mankind, many industries have undergone tremendous changes. However, the industries that have just emerged are undoubtedly unfamiliar to most people. Many entrepreneurs now try to create new equipment or services to achieve better development, which is very difficult. So, the first mover is very important to a new industry.