1) Is
the second mover advantage always a good business strategy? Defend your answer
with examples of this company in this case.
As mentioned in the case, “it’s never too late if you are
smarter and better than everybody else”. Being second is also about having the
chance and opportunity of winning a first one. Sometimes being second mover
becomes much of a benefit to the business organizations. It’s less risky and
there are very few chances of error. But this strategy could not always be the
good business strategy because being first mover is also about being leader,
and no matter whoever later on enters the industry and makes the impact it’s
always the first one who is known for its innovation and credibility. Although,
if things are examined and analyzed carefully by making proper study about the
move of leader, also considering their weakness if prepared
ourselves with defending strategies, being second mover could be the good
business strategy to the organizations.