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The power of moving first
03 December 2009
By Thomas Steffen
03 December 2009
By Thomas Steffen
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"Welcome to the blog Thomas :-) There is indeed a lot of power in moving first and this can be a great thing. However.... I am also very..."
Elizabeth Dodson - over a year ago
Matthew Salois04 December 2009 at 05:13 PM
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Never underestimate the power of first-mover advantage! I always love when a little game theory can provide a bit of insight into human behavior. From an economics standpoint, there are several reasons why "first-mover advantages" exist in human interaction. But I think in your case with the website, the advantage stems from what are called "switching costs". Just as you explain, once the website is up, there is less incentive to try and change the design in another direction. In a market, once a business firm has made the "first move" (like selling iPods), late entrants must invest extra resources to attract customers away from the first-mover firm. Great post Thomas! Let's all strive to be first-movers in our careers!
Elizabeth Dodson22 December 2009 at 03:19 PM
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Welcome to the blog Thomas :-) There is indeed a lot of power in moving first and this can be a great thing. However.... I am also very aware that it is easy to become overloaded if you are always the person who steps up ahead of the group. I think the key is in finding a balance, where you are proactive and reguarly take the lead, but also maintain control of your workload - as sometimes the "can do" people end up doing more than their fair share! For this reason, my research mentor has also asked me to consider the power of sometimes saying no!