What does it mean to be the first mover in an industry and


a. What does it mean to be the first mover in an industry, and what are its advantages? Give a real-life example of a first mover firm and describe how successful it was.

b. What are the advantages of being the late mover in an industry? Give a real-life example of a late mover firm and describe how successful it was.

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Operation Management: What does it mean to be the first mover in an industry and
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