Fast-Follower Advantages and Network Externalities in I.T.-Driven Markets
@inproceedings{Ankney2005FastFollowerAA, title={Fast-Follower Advantages and Network Externalities in I.T.-Driven Markets}, author={Kristine R. Ankney and Gezinus J. Hidding}, year={2005} }
Recent research into the theory of first-mover advantage has revealed that a significant number of first-movers in I.T.-driven markets eventually lose market leadership. The belief in first-mover advantage spawned a pervasive body of work in business strategy and was further perpetuated by popular media. The assumption of first-mover advantage has been extended by research suffering from survivor bias, whereby pioneers were recognized only among surviving firms. Instead, recent research…
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