Late-mover benefits or first-mover drawbacks
When are late-mover benefits or first-mover drawbacks occurred?
Expert
There are times when there are actually benefits to being a skillful follower rather than a first-mover. Late-mover benefits or first-mover drawbacks occur when:
i. Pioneering leadership is extra costly than imitating followership and only insignificant experience or learning-curve advantages accrue to the leader.
ii. The products of an innovator are somewhat primitive and don’t live up to purchaser expectations.
iii. Technology is advancing quickly.
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