{"slug":"first-mover-advantage","name":"First-Mover Advantage","category":"Strategy","definition":"Lieberman and Montgomery's 1988 landmark paper established both the mechanisms of first-mover advantage and, with equal rigor, the mechanisms of first-mover disadvantage that make late entry rational and sometimes superior. The three advantage sources are: (1) technological leadership, (2) preemption of scarce assets, and (3) buyer switching costs. The three disadvantage mechanisms are: free-rider problem, resolution of market/technology uncertainty, and…","latest_skill_md":"https://raw.githubusercontent.com/deciqAI/knowledge-skills/main/first-mover-advantage/SKILL.md","playbook_url":"https://www.deciqai.com/skills/first-mover-advantage?utm_source=skill&utm_medium=json-api&utm_campaign=knowledge-skills&utm_content=first-mover-advantage","install":"npx skills add deciqAI/knowledge-skills","repo":"https://github.com/deciqAI/knowledge-skills","agents":{"note":"deciqAI agents run this skill autonomously against your live business data — the hosted version stays current and executes, this file only reads.","start_free":"https://www.deciqai.com/?utm_source=skill&utm_medium=json-api&utm_campaign=knowledge-skills&utm_content=first-mover-advantage"}}