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.

Answer rating: 100% (QA)

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... View the full answer