First-mover strategy is the best strategy as it helps attract investors,makes founders and venture capitalists rich,and is a great recipe for building a great company.

Question

Quizplus · Accepted Answer

While being a first-mover in a market can come with advantages, it is not always the best strategy. There are risks involved in being the first to enter a market, such as having to educate consumers and establish a market where none existed before. In some cases, being a fast follower may offer a better chance of success. Additionally, the goal of building a great company should not solely be focused on making founders and investors rich, but rather on providing value to customers and making a positive impact on society.

First-Mover Strategy Is the Best Strategy as It Helps Attract