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First Mover Advantages vs Disadvantages

Help is needed with the following:

The first-mover advantages far outweigh the disadvantages. Discuss and support your arguments with real-life examples.

The identification of an opportunity or business idea depends more on luck than any other circumstance or structured process. Discuss this statement and provide real-life examples.

Entrepreneurs have a better chance of success if they are entering an industry at the introduction stage rather than at the maturity or decline stage. Discuss and provide examples

Thank you.

Solution Preview

Thank you for posting today. It is my goal to provide ideas, definitions, research help, and instructions on how you, the student, should approach the assignment.

I'm going to start off with Amazon.com for the first one. Amazon.com was not the first company to move into selling books online, however it was the first SIGNIFICANT company to enter that market. It's important to ...

Solution Summary

The solution provides a response to the questions posed by the student. I used a personal example from my own life.