In principle, incumbents and entrepreneurs face the same challenges in finding new strategic positions, whereas in practice, incumbents often have an edge.

Question

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In principle, incumbents might have advantages such as resources, market knowledge, and customer bases, which could provide an edge in finding new strategic positions. However, entrepreneurs often demonstrate more agility, innovation, and willingness to take risks, which can offset the advantages of incumbents and present unique challenges for each in finding new strategic positions.

In Principle, Incumbents and Entrepreneurs Face the Same Challenges in Finding