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LivingSocial is not the first to create a compelling coupon offer. That honor goes to the market leader, Groupon. But a new study shows that no amount of buzz, excitement or firstmover'sadvantage will lead a product to sustained growth. million units sold in a single day ).
In an era of intense globalization, rapid demographic change and accelerating technological progress, the best companies for leadership recognize the value of innovation, putting it at the heart of their corporate culture and using this targeted, focused innovation to drive shareholder value and improve efficiency. Broaden perspectives.
stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. stock exchanges.
This is an argument I hear particularly often in high-technology sectors. They may be strategizing their way to firstmoveradvantages and positions that leave few if any attractive options in the market. There isn't enough certainty, they argue, to be able to do strategy effectively.
In contrast, consider the following: Pfizer's blockbuster drug Viagra was patented in 1996, and went on the market in 1998. Before long, despite all the firstmoveradvantages of Viagra, the competitors reduced Viagra's market share from over 90% to around 50%. Was Zara better at protecting its innovation?
While it’s clear that CEOs need to consider AI’s business implications, the technology’s nascence in business settings makes it less clear how to profitably employ it. While investment in AI is heating up, corporate adoption of AI technologies is still lagging. Furthermore, early AI adopters are 3.5
Mobile technology presents all marketers with a tantalizing proposition. The chance to tap into this ever-present and intimate consumer channel at such tremendous scale seems like a no-brainer for marketers. But marketing spend on mobile pales in comparison to time spent there by consumers. At my company, Mondel?z
Paul Kennedy's seminal Rise and Fall of the Great Powers captures the way technological and economic advances have converted into strategic advantage, and how failure to "lock in" that edge accelerates imperial decline. Technik , then, is the technological quotient of civilization. It pledges $1.5 The contrast between the U.N.'s
Twitter’s market cap just plummeted after a bad earnings report. Given that news, it seems that businesses that have dominated their markets are learning that the magic elixir of network effects and winner-takes-all advantages are about as reliable as cures for baldness. What markets have these companies actually won?
It also must face a diverse set of national regulatory restrictions, such as those that limit what content can be made available in local markets. In France and India, for example, homegrown leaders offer local-language video content, thus depriving Netflix of first-moveradvantage.
It also must face a diverse set of national regulatory restrictions, such as those that limit what content can be made available in local markets. In France and India, for example, homegrown leaders offer local-language video content, thus depriving Netflix of first-moveradvantage.
Because the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. But as Carlota Perez has so aptly described, all new technology industries go through an eruption and frenzy phase, followed by a crash, and then a golden age and maturity.
This is promising for a market formerly dubbed the “breadbasket of Africa.” ” Once one of Africa’s most developed markets – with a solid education system, good infrastructure, and a relatively large middle class – decades of mismanagement have cost Zimbabwe. . billion a decade later.
Those benefits fall into three categories: To jumpstart network effects that provide a first-moveradvantage: Many of the projects being built using blockchain technology are “protocols” that govern the interactions between users in a decentralized autonomous network. How ICOs Constrain.
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