First Mover Advantages Refer to the Benefits a Firm May

question 123

True/False

First mover advantages refer to the benefits a firm may achieve by entering a new market or developing a new product or service prior to rival firms.

---

Definitions:

HR Alignment

The process of ensuring that human resource practices are in harmony with the strategic goals and objectives of an organization.

Enforcing Fit

The process of ensuring that the employees' skills, values, and behaviors align with the organizational culture and requirements.

Severance Pay

A lump-sum payment given to terminated employees by an employer at the time of an employer-initiated termination