The First Mover Advantage is not exclusive to social media. It’s inherent to life in scarcity. First to run to the feast gets the pick of the food. First to run from the tiger has the most targets between the tiger and their bum. First company to sell a thingle gets 100% of the market until a competitor arrives, including 100% name recognition, 100% network dominance, etc.
The First Mover Advantage is not exclusive to social media. It’s inherent to life in scarcity. First to run to the feast gets the pick of the food. First to run from the tiger has the most targets between the tiger and their bum. First company to sell a thingle gets 100% of the market until a competitor arrives, including 100% name recognition, 100% network dominance, etc.
Failed first movers:
https://en.wikipedia.org/wiki/Tucker_48
https://en.wikipedia.org/wiki/Xerox_Alto
https://en.wikipedia.org/wiki/IBM_Simon
I don’t understand the point of your comment. It’s the First-Mover Advantage, not the “First Mover always wins in perpetuity”.
First-mover disadvantages win sometimes.
https://en.wikipedia.org/wiki/Law_of_the_handicap_of_a_head_start
Ahhh, I didn’t know about this, but it makes sense. Very interesting, thanks for sharing!