First-mover advantage: when it works, when it doesn’t
While going through some old articles I clipped, I came across The Half-Truth of First-Mover Advantage, written by Fernando Suarez and Gianvito Lanzolla, and published in the April 2005 Harvard Business Review.
It’s a gem of a piece, and should be required reading for anyone looking at market-entry or market-creation strategies. The short version of their well-argued treatise is this: The mythical first-mover advantage is more than a business fairy tale but no where near a sure thing, and the clearest predictors of success come from looking at the pace of change, both in the market and in the underlying technology behind the market.
This is more than material for the C-level set; it’s the kind of strategic business analysis more marketers should bring to the table as as a defense against costly mistakes.
The article is behind a paywall, but well worth the $6.50 it’ll cost you to get it here. Want to know a little more before you lay down the cash? I’ve adapted two of the article’s graphics into a summary after the jump. It’s a lot of information and, frankly, it’s worth keeping around, so here’s a link to a PDF as well.


Because this is the first week of the Friday outline feature — and because this is so closely related to
This guy — an assistant managing editor at the Birmingham News (shockingly ugly splash page