Attached. Please let me know if you have any questions or need revisions.Running head: COMPANY MANAGEMENT STRATEGIESCompany Management StrategiesStudent NameInstitution AffiliationCourse Name and NumberInstructor’s NameAssignment Due Date1COMPANY MANAGEMENT STRATEGIES2Company Management StrategiesThere are many advantages for companies being first-movers in that they have thepotential to gain an incredibly high market share and tend to have a sustainable competitiveadvantage. First-mover advantage means a company is the first to introduce a service or productto the target market hence giving it a competitive advantage. Being a first-mover allows acompany to develop strong brand recognition and obtain service/product loyalty beforecompetitors join the market (Boyles, 2020). Being a first-mover company does not necessarilymean being the first company to develop a product or service. Still, a large company being ableto achieve significant sales within the target market. Tesla factory and Koenigsegg factories areexamples of …
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