Because when to make a strategic move can be just as important as what move to make,a company's best option with respect to timing is
A) to be the first mover.
B) to be a fast follower.
C) to be a late mover (because it is cheaper and easier to imitate the successful moves of the leaders and moving late allows a company to avoid the mistakes and costs associated with trying to be a pioneer-first-mover disadvantages usually overwhelm first-mover advantages) .
D) to be the last-mover-playing catch-up is usually fairly easily and nearly always much cheaper than any other option.
E) to carefully weigh the first-mover advantages against the first-mover disadvantages and act accordingly.
Correct Answer:
Verified
Q11: Which of the following is NOT a
Q15: An offensive to yield good results can
Q16: Challenging a struggling rival can
A) sap its
Q17: Which of the following is a prime
Q19: Being first to initiate a particular strategic
Q22: The two big drivers of outsourcing are
A)
Q23: For backward vertical integration into the business
Q24: The race among rivals for industry leadership
Q25: What does the scope of the firm
Q36: The range of product and service segments
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents