Saturday, October 20, 2018 6:57:16 PM
The analyst on CNBC refereed to this, and how the companies making their footprints now are ahead of the pack. LVVV is near the front of a very long line and has quite a few advantages when you consider the wide and vertical net Bill is casting.
In marketing strategy, first-mover advantage (FMA) is the advantage gained by the initial ("first-moving") significant occupant of a market segment. First-mover advantage may be gained by technological leadership, or early purchase of resources.
A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources.[1] 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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