Wha Does First Mover Mean?

Wha Does First Mover Mean?

1 Answer

  1. Going by the definition, in the business world, a first mover is a company that aims to gain an advantageous and perhaps insurmountable market position by being the first to establish itself in a given market.
    Generally speaking, it could be an enterpreneur or a company that takes an initiate a step towards something which hasn’t yet thought or done by anybody else. They get an advantage to be a first mover of taking the risk as and if they get successful.
    Once a first mover has become established, the fact that someone has already arrived becomes in itself a barrier to entry for prospective competitors.

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