When competing in an innovative new market the benefits of an early lead can’t be over-estimated.
Editor’s Note: I have read contradictory research on the value of first-mover advantage. This research in particular revolves around commercial aircraft, a product than in very few ways resembles consumer products so I think it unlikely that any comparisons could be fairly made. Still, interesting…
Content: Article | Authors: Henrich Greve, Marc-David Seidel | Source: INSEAD Knowledge | Subjects: Management, Strategy
There is no shortage of advice for entrepreneurs, managers, and executives on what they should be doing in order to succeed in business. Some of the advice comes from people who really should be careful about giving advice because they haven’t actually succeeded in business—they are just good writers. Other advice comes from people who really should be careful about giving advice because they have … [ Read more ]
Content: Quotation | Author: Henrich Greve | Source: strategy+business | Subjects: Education, Experience