First-Mover or Fast-Follower: Which is the right innovation strategy for you?
Idea to Value
APRIL 12, 2022
This idea quickly became popular in technology companies and areas like Silicon Valley where it was used as evidence of a need to launch first (even if you didn’t have a working product), spend big on marketing and get customers at any cost. Fast followers also need to be able to move at speed, get market feedback and iterate quickly.
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