First mover
![first mover first mover](https://innovationtactics.com/wp-content/uploads/2016/11/first-mover-advantage-FB-5-mini.png)
Economies of Scale: Because the first moving organization is the first to create the product or service, they typically have a longer period of time to develop their product, which allows them to determine more cost-efficient ways of creating the innovation before it has to compete with other organizations.Further, knowledge of an organization helps foster customer loyalty and can draw appeal for new customers. Brand Name Recognition: When customers know the organization, it puts the company in a good position to create a wide variety of products and services that will be appealing to a big portion of the market based on the name alone.While the First Mover has many benefits, there are also various challenges with being a first mover: It also reduces the cost of operations.įor e.g In Ebanking, occupancy costs that are 80% lower than for a traditional bank. It reduces the gap in the organisation, fosters creativity& innovation.
![first mover first mover](https://images.ctfassets.net/h6luvadnbip0/6ESpBIwmCJD8Oa5SjEYuPe/d5cda70c7e6f368594b42f85fcbcb0c7/Gruppe_-56.png)
Moreover the employees can have personalised feedback and interaction with the topmanagement. It helps in transparent communications through the intranet and internet. It leads to a smaller, leaner staffs with a greater focus on marketing. The other type of company that uses e-commerce is one that uses the Internet to complement their existing business. Two notable examples of this type are and. These types of companies do not have stores or do business in the traditional way. One type of company is that which exists solely on the Internet. There are two types of companies that do business on the Internet. It improves external business relationship also. It provides information to facilitate delivery of goods and services and supports change initiatives and reinforces business process reengineering. It is basically an evolution in the way companies interact. This issue deals with e-business, e-business is a strategy, which uses technology to achieve business goals. By being early movers it is getting ahead by attracting businesses to new on-line marketplaces, by determining the range of products and services these marketplaces offer by setting the rules of interaction, and by reserving the value-added position for themselves. To keep customers interested in Amazon, the firm offers e-mail-based services to its registered customers.The 'first-mover-advantage' is a competitive factors that cannot ever be taken away from Amazon. Amazon and third-party sellers offer new, used, refurbished and collectible items in categories, such as apparel, books to toys and video games, and health and personal care. (Amazon) is a customer-centric company that sells a range of products that it purchases from manufacturers and distributors through its retail Websites: and w. How and why have national book stores had to alter their operations to compete with Amazon and internet purchasing? © BrainMass Inc. This content was COPIED from - View the original, and get the already-completed solution here! Not what you're looking for? Search our solutions OR ask your own Custom question.