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First-Mover Advantage

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The Palgrave Encyclopedia of Strategic Management

Abstract

‘First-mover advantage’ refers to the benefit enjoyed by a firm as the consequence of its early entry into a new market. Although the term suggests that early entry is desirable, the advantages of pioneering a new market are often offset by disadvantages. The question of whether a ‘first-mover advantage’ is likely on balance in any specific context depends on the characteristics of the emerging market and the entering firm.

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Authors and Affiliations

  1. Anderson School of Management, 110 Westwood Plaza, Box 951481, Los Angeles, CA, 90095-1481, USA

    Marvin Lieberman

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  1. Marvin Lieberman
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Correspondence to Marvin Lieberman .

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Editors and Affiliations

  1. Stanford University , Stanford, California, USA

    Mie Augier

  2. Tusher Ctr Intellectual Capital, University of California Tusher Ctr Intellectual Capital, Berkeley, California, USA

    David J. Teece

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Lieberman, M. (2016). First-Mover Advantage. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_602-1

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  • DOI: https://doi.org/10.1057/978-1-349-94848-2_602-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-94848-2

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