Fast-second strategies are more likely to be used by
A) dominant firms than by start-up firms.
B) pure competitors rather than by oligopolists.
C) start-up firms rather than by existing firms.
D) entrepreneurs rather than by corporations.

Question

Quizplus · Accepted Answer

Dominant firms are more likely to have the resources and capabilities to quickly imitate and adopt successful innovations, which is a key aspect of a fast-second strategy. Start-up firms may not have the resources to quickly implement such strategies, whereas existing firms may have established systems and processes that hinder quick adoption of new innovations. Pure competitors may not necessarily need to adopt fast-second strategies as they may be focused more on cost competitiveness rather than innovation. Entrepreneurs may also adopt fast-second strategies, but it is not limited to them only.

Fast-Second Strategies Are More Likely to Be Used by