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Explore the strategic merits and drawbacks associated with being an initial entrant into a market, analyzing the potential benefits and pitfalls inherent in seizing early-mover

Explore the strategic merits and drawbacks associated with being an initial entrant into a market, analyzing the potential benefits and pitfalls inherent in seizing early-mover advantages, while also considering the complexities of navigating competitive landscapes and sustaining innovation over time.

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Being an initial entrant into a market offers several strategic merits including the opportunity to establish brand recognition capture market share and set industry standards However there are also d... blur-text-image

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