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International Marketing
International Marketing

...  Broader definition of competition ...
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... Ever attended a live event and wish you had a pair of binoculars? Our research shows that (1) very few spectators bring binoculars to events (2) The market does not provide many good options for this need. Enter FanOcularsTM! Add the collectability component and you have a power consumer product wit ...
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First-mover advantage

In marketing strategy, first-mover advantage, or FMA, is the advantage gained by the initial (""first-moving"") significant occupant of a market segment. It may be also referred to as Technological Leadership.A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources. With this advantage, first-movers can be rewarded with huge profit margins and a monopoly-like status.Not all first-movers are rewarded. If the first-mover does not capitalize on its advantage, its ""first-mover disadvantages"" leave opportunity for new entrants to enter the market and compete more effectively and efficiently than the first-movers; such firms have ""second-mover advantage.""
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