To successfully exploit being a first mover, one must be able to:
A) Mass sufficient resources (people, cash, expertise) to open and develop a market in order to identify and secure the dominate position
B) Obscure your efforts from competitors until the last possible moment before publicizing your offering to minimize competitors' time to respond
C) Resist installing to much operating leverage until you've identified the new market's dominate position
D) Be prepared to defend the dominate market position through legal means, raising entry costs, or increasing the customers cost of switching.
E) All of the above f) None of the above

Question

Quizplus · Accepted Answer

To successfully exploit being a first mover, a company must have sufficient resources, keep efforts hidden from competitors, avoid excessive operating leverage initially, and be ready to defend its market position.

To Successfully Exploit Being a First Mover, One Must Be