Late-mover benefits or first-mover drawbacks

Question

When are late-mover benefits or first-mover drawbacks occurred?

Answer 1

There are times when there are actually benefits to being a skillful follower rather than a first-mover. Late-mover benefits or first-mover drawbacks occur when:

i. Pioneering leadership is extra costly than imitating followership and only insignificant experience or learning-curve advantages accrue to the leader.

ii. The products of an innovator are somewhat primitive and don’t live up to purchaser expectations.

iii. Technology is advancing quickly.