Question 1
Usually, the inventors of new technologies are the first movers in the market place, however, in most cases, the followers of these new technologies are more successful than the ones who actually had the idea. Take for example the case of Ford and General Motors. Ford holds the record for being the first company who mass-produced cars and they started with a big market share. However, as time went on, they focused on reducing their production cost, while General motors focused on producing differentiated varieties of their products until such time that General Motors realized bigger market share compared to ...
