Compare and contrast two of the virtual company tours listed in the videos below. Review each closely to answer and discuss the following questions: Compare and contrast first- and late-mover...

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Compare and contrast two of the virtual company tours listed in the videos below. Review each closely to answer and discuss the following questions:



  • Compare and contrast first- and late-mover advantages in the industries described below.

  • Describe two management strategies you discovered in each company tour.

  • Select one of the companies you reviewed and take the position of an analyst tasked with searching for a new foreign market for the operating segment reviewed in the video. Which country would you recommend and why?


Watch the following videos to assist you in your discussion forum:


Answered 2 days AfterJan 02, 2021

Answer To: Compare and contrast two of the virtual company tours listed in the videos below. Review each...

Sanjukta answered on Jan 04 2021
135 Votes
4
International financial management
The first and late-mover advantages in the industries
The industries
that are discussed in the video consist of the following technological industry, transport as well as automotive industry.
Comparison- In technological industry, transport along with the automotive industry the first mover advantage is that the service that is provided by all these industry gains the competitive advantage by being the first in the marketplace with the product or service. Furthermore, being the first tend to enable the firm in these industries to establish the strongest consumer loyalty before other competitors enter into the marketplace. On the other hand, in case of the late-mover advantage the transport and automotive industry it is the positive externalities that are generated by the movers as the free ride on the efforts of the innovation by this company.
Contrast- In case of the transport industry and the car manufacturing is the late-movers have one of the main differences that the cost of imitating a product is quite low.
The two...
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