Discussion on first mover benefits

• Would you rather be a first mover, a second mover, or a late starter in terms of competitive action in the market?
• Based on your answer above, give a good example that is not in the textbook.
• Henry Ford is often credited with saying that he would rather be the first person to be second. This is strange coming from the innovator of mass produced automobile.
• So is a first mover advantage really a myth or is it something every firm should strive for?