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What are the First-Mover advantages?

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Question added by AHMED IMRUL KAYES , Senior Consultant , HR Bangladesh Ltd.
Date Posted: 2015/01/01
padmakumar pathiyil
by padmakumar pathiyil , Marketing Consultant , Management Consultancy

The First-Mover advantages are the advantages the initial entrant into a particular business in a particular territory will benefit from

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

As if in sports and games, moving initially gain certain advantage over the counterpart...Especially in Chess, caroms like games.

This is about winning strategic positions, occupying positions in strategic segments.

Capitalizing the advantage on the first move may result in Quick Pay back of Investments and heavy profits and always remain with an advantage over creating a significant challenge to the subsequent entrants with their move into the business.

 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

In business, economics, or marketing, first-mover advantage, or FMA, is the advantage gained by the initial ("first-moving") significant occupant of a market segment. It may be also referred to as Technological Leadership. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match.

 

Sometimes, first-movers are rewarded with huge profit margins and a monopoly-like status. 

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