Question: A popular explanation/justification for a profitable strategy is being an early mover and gaining the advantage of being that early mover. Often misunderstood as the

A popular explanation/justification for a profitable strategy is being an early mover and gaining the "advantage" of being that early mover. Often misunderstood as the "natural" advantage of being the first in the market, there are specific circumstances under which being the first is a source of sustainable competitive advantage.

Which of the following are Early Mover Advantages?The other class of "mechanisms" listed below are impediments to imitation.Four of the seven following are "early mover advantages" and the other four, "impediments to imitation".

mover and gaining the "advantage" of being that early mover. Often misunderstood

@@ 1. 3. 5. 7. Learning Curve Reputation and buyer uncertainty Buyer switching costs Social complexity N P .53 E33 Causal ambiguity Dependence on historical circumstances Network effects Legal restrictions

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8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.

6. Give examples of when we give a situation a new name, the situation is perceived differently.