In order to take advantage of being a first mover in an industry, a new entrant must decide on whether to try to do it alone, enter into a strategic alliance, or license its technology.

Question

Quizplus · Accepted Answer

This statement is true. A new entrant can choose to go at it alone, form a strategic alliance with other companies, or license its technology in order to gain an advantage as a first mover in an industry.

In Order to Take Advantage of Being a First Mover