Discuss the below in 200 words each and use APA format:
What are the advantages and disadvantages of being the first mover in an industry? Are buyer-switching costs the most important factor to becoming the first mover? Give some examples of first and late mover firms. Which were the most successful? Why?
Question 1
Discuss the more popular stability strategies.
Question 2
What is a functional strategy?
Question 3
What are corporate scenarios? What three steps should be followed?
Question 4
What are the tradeoffs (pros and cons) between an internal and an external growth strategy? Which approach is best as an international strategy? Why?