The book challenges the notion that being first to market is always the best strategy, arguing that being a fast second can be more financially rewarding. It provides insights into the characteristics of new markets and the skills needed to compete effectively in them.
This review highlights how the book challenges conventional wisdom about innovation and market leadership. It argues that being the first to market is not always the most profitable strategy, and that being a fast second can often lead to greater financial success. The authors explore the characteristics of new markets and describe the skills needed to create and compete in them. They also show how these skills can be matched to existing capabilities to dominate new markets. The review suggests that the book provides valuable insights for business leaders and entrepreneurs looking to navigate the complexities of innovation and competition.
Quick quotes
The economic benefits of the first-mover advantage have been grossly exaggerated.
Being a fast second can often lead to greater financial success.
The book provides valuable insights for business leaders and entrepreneurs.