Which of the following is one of the reasons that led to CNN,an innovator,losing its leadership position in the 24-hour cable news industry?
A) The cable news industry was in the maturity stage of the industry life cycle.
B) The second movers imitated CNN's incremental innovation to continuously improve their offering.
C) It failed to cross the large competitive chasm between the early adopters and early majority.
D) Its business model relied heavily on crowdsourcing for its user-generated content.

Question

Quizplus · Accepted Answer

In some instances, an innovator is outcompeted by second movers that quickly introduce a similar incremental innovation to continuously improve their own offering. For example, although CNN was the pioneer in 24-hour cable news, today Fox News is the most watched cable news network in the United States.

Which of the Following Is One of the Reasons That