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What was the primary advantage of Zoom's strategy to enter the online video conferencing marketplace as an adept follower of rivals such as Skype, WebEx,
What was the primary advantage of Zoom's strategy to enter the online video conferencing marketplace as an adept follower of rivals such as Skype, WebEx, and GoToMeeting?
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- rapid market evolution (due to fast-paced changes in either technology or buyer needs) gave second movers the opening to leapfrog a first mover's products with more attractive and affordable next-version products.
- opportunities existed for a blue-ocean strategy to invent a new industry or distinctive market segment that created altogether new demand.
- technological change in this market was slow, and fast-following rivals encountered great difficulties in leapfrogging the pioneers with next-generation products of their own.
- The pioneers underestimated the market demand for online video conferencing.
- The costs of pioneering in the online video conferencing market were much lower than being a follower and major learning/experience benefits were accrued to the pioneer.
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