Explain the First Mover Advantage and How It Differs for Small

question 77

Essay

Explain the first mover advantage and how it differs for small businesses and large organizations.

---

Definitions:

Practical Intelligence

Often referred to as street smarts, it is the ability to solve everyday problems by utilizing knowledge gained from experience.

Street Smarts

Practical knowledge and skills needed for everyday life, emphasizing quick thinking and the ability to handle unexpected situations.

Creativity

The ability to generate novel and useful solutions to problems.

Creative People

Individuals who are able to think in novel, unusual, or inventive ways and apply creative thinking to problems and situations.