Being a first mover in an industry or market guarantees that a company will develop a sustainable strategic position.

Question

Quizplus · Accepted Answer

Being a first mover may give a company certain advantages, such as brand recognition and established market share. However, it does not guarantee a sustainable strategic position as competitors can enter the market with improved offerings or undercut prices. The success of a company ultimately depends on its ability to continuously adapt and innovate in response to market changes and competition.

Being a First Mover in an Industry or Market Guarantees