What are the strategic advantages of being a first-mover? Are there any strategic advantages of being a follower or late-mover?
What will be an ideal response?
Being first to initiate a strategic move can have a high payoff when (1) pioneering helps build a firm's image and reputation with buyers; (2) early commitments to new technologies, new-style components, new or emerging distribution channels, and so on, can produce an absolute advantage over rivals; (3) first-time customers remain strongly loyal to pioneering firms in making repeat purchases; and (4) moving first constitutes a preemptive strike, making imitation extra hard or unlikely. In situations when rapid market evolution including growth in demand occurs (due to fast-paced changes in either technology or buyer needs and expectations), fast followers and maybe even cautious late movers have an opening to leapfrog a first mover's products with more attractive next-version or even complementary products.
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Which of the following diagrams most accurately illustrates an information system?
A. 
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D. 
Of the five behavioral science disciplines, which one has helped organizational behavior with designing performance appraisals and recruitment techniques?
A. psychology B. sociology C. social psychology D. political science
In House’s path-goal theory, ______ characteristics are situational contingencies such as anxiety, perceived ability, locus of control, and close-mindedness.
What will be an ideal response?
Compete the following statement: Over the next decade to 2010, the prime age population in the UK, as a proportion of the total population, is forecast to:
a. increase b. decrease c. stagnate d. expand