Question

What are some of the major advantages and disadvantages of being a first mover? Identify two e-commerce companies that prove your point.

Answer 1

Answer-

The major advantages of a first mover-

• Initiate their production as the manufacture volume unit.
• Make up to tap into users first and build a well-set effect, which is advantage to make remembering and brand fidelity.
• It is capable to hold assets, such as establishing themselves in an important localization, instituting a value contract with key providers, or rent talented employees.

The major disadvantages of a first mover-

• It is expected the economic burden of make grow a new market that mortals into the market can overwork.
• The Mortals into the industry can check from the faults of the first movers, permitting them to simplify their risk of infection and deflect making high-priced errors.
• It is able to change them for outstanding efficiency and price decrease and apply recently applied science that got available.

The real example that prove the point-

• Google-  Earlier the Google, it looks for engines such as Yahoo and Infoseek. Even so, Google was capable to change the search engine to execute more efficaciously and hold over the 65% of search action.
• Starbucks- It is a lot of knowledges to purchase coffee earlier the formation of Starbucks Still it was capable to corroborate a secure brand interest in placing an intensity on establishing Starbucks.

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