Definition/ Meaning/ Explanation
The one who enters whether in the market or in some resources first. First mover advantage is that it can earn loyalty from the customers, can engage more audience as compared to the second movers and thus they can be successful by entering their name on top of the list. Another advantage is that they can be the controller of resources since there is no or low competition of that resource.

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Further Reading/ References
https://en.wikipedia.org/wiki/First-mover_advantage

Category: Learning, Thinking        Tags: First mover advantage, Mental Models