• Corpus ID: 30094268

Fast-Follower Advantages and Network Externalities in I.T.-Driven Markets

  title={Fast-Follower Advantages and Network Externalities in I.T.-Driven Markets},
  author={Kristine R. Ankney and Gezinus J. Hidding},
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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