First movers often fail because:
A) their competitive advantage is unfair.
B) they lack complementary resources needed to sustain their advantages.
C) they are operating in a perfect market.
D) they fail to leverage their competitive assets.

Question

Quizplus · Accepted Answer

First movers often fail because they lack complementary resources that are needed to sustain their advantages. Even if they have a competitive advantage, they may not be able to maintain it if they do not have the necessary resources to support it. These resources could include things like strategic partnerships or access to key distribution channels. Without these resources, their advantage may be short-lived, and they may not be able to compete effectively with other companies that are able to leverage their own assets more effectively.

First Movers Often Fail Because