First Mover


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First Mover

The first company that enters a new market. For example, the first mover may be the first soft drink company to come to a recently liberalized country. This helps the first mover dominate the market early so as to maintain a competitive advantage over the long term as other companies come to the market. The term may refer to Aristotle's concept of God as the first mover of the universe. See also: Barriers to entry.
References in periodicals archive ?
As a rule of a thumb, companies should strive to be the first mover only if they can answer 'yes' to the following three questions.
The voluntary trade is mutually welfare improving, but it requires the first party to forego something of value and risk not having the transaction completed; thus the first mover must trust that the second mover is trustworthy.
Subjects are not informed that the amounts of first mover endowments and second mover additional dollar amounts were determined by other subjects' decisions in a preceding experiment session with game A.
H4: When a first mover expands internationally, it is more likely to develop close relationships with the home government.
In today's highly dynamic environment, the impact of first mover advantage is shrinking because in general strategic time lines are shrinking.
Mendelow: One of the functions about the first mover concept is it was easy to be a first mover when the venture capitalists were lobbing money like there was no tomorrow.
I propose an alternative model of majoritarian bargaining in which players demand a compensation for their participation in a coalition and in which the order of play is endogenous, in that the head of state chooses the first mover, and the latter chooses the order of response.
If the advantage lies in reducing technical or regulatory uncertainty, the first mover runs the risk of failure, but the second mover who decides and develops just as fast runs the same risk.
Lang concludes that Aristotle's first mover is not god, as seen in Metaphysics 12; rather, his arguments in Physics 8 "resolve a problem concerning the location of the first moved (and hence also the first motion) by indicating that it must be on the outermost circumference of the cosmos" (p.
MasterCard Worldwideannounced today that JoAnn Stonier, senior vice president, Global Privacy & Data Officer, has been selected to join the Aspen Institute Business and Society Program's third class of First Mover Fellows.
In this game, subjects are divided into pairs that consisted of a first mover and a second mover.