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First Mover Advantage

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Is First Mover Advantage a must? Is it an advantage to an MNC? And if so, how do you explain Apple's success (a company which did not invent anything but simply adapted existing products)? Are they an exception or an example of how an MNC should succeed?

Lastly, explain Absolute and Comparative Advantage relative to your country and one of its key products or industry.

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Solution Summary

The solution explores if First Mover Advantage is a must or advantage to a MultiNational Corporation (MNC). Apple's success is examined, along with how an MNC should succeed. Finally Absolute and Comparative Advantage is discussed relative to key products or industry.

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QUESTIONS
Is First Mover Advantage a must? Is it an advantage to an MNC? And if so, how do you explain Apple's success (a company which did not invent anything but simply adapted existing products)? Are they an exception or an example of how an MNC should succeed?
Lastly, explain Absolute and Comparative Advantage relative to your country and one of its key products or industry.

SOLUTION

* Is First Mover Advantage a must?
First Mover Advantage is never a MUST, but is a great advantage in certain industries. According to Pearson Education, "The basis of first-mover advantage is simple: by being the first to enter a new market, the business gains an advantage over its actual and potential rivals. This is true whether ...

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