"We were first movers, and we were aggressive first movers," Texas-based DR Horton's CEO David Auld said on the company's quarterly earnings call.
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She is one of the first movers in that mindset.
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"First movers will really shape the market," Ms. Seegull said.
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Butera reasoned that the first movers were likely to come from Florida.
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It will be a place controlled by private companies, entrepreneurs, and first movers.
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"The good news is that the First Movers give us a road map," said Peluso.
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An employer contribution of $50 or $100 a month is common among the first movers.
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Those revenues eventually materialized, but they came too late for the first movers of the revolution.
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According to a report by mobile-development firm Apteligent, there are established first-movers in the update game.
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Consumer genetics companies such as 23andMe and Rthm represent a few of the first movers in this domain.
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"They want to do deals where they are not just first movers, but can become leaders," he added.
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The financial services industry has been one of the first movers when it comes to experimenting with the blockchain.
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S&P was one of the first movers of the larger players, offering alt-data feeds in September 2017.
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It also requires the ecosystem evolving around this...What we want to do is keep our first movers advantage.
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Playtech and local Swedish rival Evolution Gaming, started by former NetEnt employees, were first movers in the Live Casino market.
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For once, Amazon played a relatively small role in this trend, outpaced by first movers such as GrubHub, DoorDash and UberEats.
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It hopes to target savvy millennial first-movers in Indonesia who'd more likely be attracted to the online experience, said Chan.
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So I think it's a great initiative, and PIL is very happy to be one of the first movers in the Southern Transport Corridor.
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Choice schools are often pioneers or first movers in the introduction of new learning models, new technology, and advanced pedagogy in the education space.
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"We can't just leave this to the states that have been the first movers," said Mary Nichols, who heads the California Air Resources Board.
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Cutting-edge policies have also propelled first-movers forming fresh partnerships with new market entrants and business models, such as CO220006disposal agreements for permanent storage.
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Nonetheless, building infrastructure networks is risky for first-movers as it requires large upfront capital investment to build the pipelines larger than their starting capacity.
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Once again, hype has been allowed to lead — and first movers who shelled out to play in nascent virtual spaces are left feeling burnt or bummed.
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"This makes Total one of the first movers in this technology in the United Kingdom, the world's largest offshore wind market," Total said in a statement.
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The characteristics that enabled success for the first-movers in P2P lending are not the same as those which will determine the next generation of successful startups.
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The characteristics that enabled success for the first-movers in P2P lending are not the same as those which will determine the next generation of successful startups.
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Last year, it became one of the first movers among European utilities by testing developer BTL's Interbit blockchain platform to achieve satisfactory speed in gas trade confirmations.
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Singapore funds GIC and Temasek Holdings were the first movers into venture capital among sovereign funds and in 2018 they still represented 60 percent of all deals.
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That may give an edge to first movers who have already racked up thousands or millions of miles of self-driving experience—and the associated gigabytes of driving data.
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Recently, the Norwegian government—which has helped the country become first-movers on the electric car front—decided that it wanted to be ahead of another kind of curve.
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"First movers are setting business standards and creating new models that will be used by future adopters of blockchain technology," said IBM Banking and Financial Markets general manager Likhit Wagle.
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China, far and away the world's largest market for phones, has traditionally lagged behind these early adopters, but Mollenkopf said they are likely to join the first movers to 5G.
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AG: Uber carved out a very clear niche, but you could say that taxi companies were first movers; they created the market for on-demand rides from one place to another.
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That strategy has been key in ridesharing, where first movers such as San Francisco-based Uber and China's Didi Chuxing have proven tough to dislodge in many cities where they operate.
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I expect you're going to see first movers publishing some small-scale live applications this year but for really large services provided using blockchain we probably need to wait another couple of years.
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"My guess is that the first movers will be terrorists and insurrectionists who are determined to destroy our current system of government," Philip Cook, a gun policy expert at Duke University, told me.
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The first step is for these countries to adopt policies — with similar carbon prices and similar fine print — that will be easy to fold into a common policy with a coalition of first movers.
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The instruments could also provide a vehicle for a bank wanting to do more business in China, or to fund an onshore subsidiary, while first-movers into the market could gain publicity and marketing advantages.
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"The major banks are first movers on this," said Amanda Starbuck, climate and energy program director with the Rainforest Action Network, an environmental group that has pushed for banks to exit financing coal development projects.
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First movers are already gaining market share as they do so, yet too many businesses still find themselves adrift in the often fuzzy world of reporting on a proliferating number of sustainability goals and metrics.
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That gives an edge to first movers with thousands or millions of miles of self-driving experience under their belts; but some startups also create and sell ready-made high-resolution maps for use by AVs.
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First-movers may have a low MAP to enter a new category, but once they have created a category and lead it, the minimum bar for future entrants is to equal or exceed the first mover.
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"It is encouraging to see many first-movers in the private sector align with civil society and ambitious Governments by stepping up in support of a 85033°C future," U.N. Secretary-General António Guterres said in a statement.
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The first era of the Streaming Wars was about first movers like Netflix and Hulu licensing a big enough library to attract subscribers; the second, developing original series and movies in anticipation of those licenses' owners pulling them back.
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An obvious explanation is that digital technology is unleashing a phenomenon of "winner-take-most" markets thanks to a combination of low marginal costs (which allow first movers to expand quickly) and network effects (which make popularity its own, profitable, reward).
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"I think you will see the typical first movers - Korea, Japan and the United States," he said referring to the history of 3G and 4G cellular network upgrades, when South Korea and Japan moved first and the United States quickly followed.
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The Internet was no longer so new that users were scarce, but still new enough that it was largely unregulated; first movers could amass vast followings and consolidate power, and the coming rise of inexpensive smartphones would bring millions of new people online.
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After Carter Cleveland, the suave founder of Artsy, briefly introduced himself ("I don't know what we're going to work on, but I'm sure it will be something great," he said), one of Mr. Stoudemire's representatives gave a presentation about "influencers" and "first movers" as he nodded in silence.
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In marketing strategy, first-mover advantage (FMA) is the competitive advantage gained by the initial ("first-moving") significant occupant of a market segment. First-mover advantage enables a company or firm to establish strong brand recognition, customer loyalty and early purchase of resources before other competitors enter the market segment. First movers in a specific industry are almost always followed by competitors that also attempt to capitalise on the first movers' success. These followers are also aiming to gain market share, however, most of the time the first-movers will already have an established market share with loyal customer base to be able to maintain the majority of the market.
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Determining the differences between the advantages of followers and first-movers may be a conceptual issue, but empirical issues revolve around explicit strategies that first-movers employ to improve upon their advantage. New information is needed to support any acceptable theories relating to the mechanisms, advantages, and disadvantages that first-movers are thought to have at their disposal. Researchers in this field must avoid using the same data repeatedly, which is a trend that has crippled the progress of this investigation. A future study should better delineate the differences between first-mover advantages and other advantages that a firm may have, such as superior manufacturing, or a better marketing scheme.
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First-movers must deal with the entire risk associated with developing a new technology and creating a new market for it. Late-movers have the advantage of not sustaining those risks to the same extent. While first-movers have nothing to draw upon when deciding potential revenues and firm sizes, late-movers are able to follow industry standards and adjust accordingly. The first-mover must take on all the risk as these standards are set, and in some cases they do not last long enough to operate under the new standards.
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Retrieved 26 October 2012. "During his studies at MIT, Amir co-conceived and patented DakNet, a novel low-cost wireless networking technology for rural connectivity."First Movers Fellowship Program, Amir Alexander Hasson , Aspen Institute. Retrieved 26 October 2012.
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Different studies have produced varying results with respect to whether or not, on the whole, first-mover advantages exist and provide a profitable result for pioneers. There have been two outstanding conclusions that have been accepted. The first being that on average, first-movers tend to produce an unprofitable outcome (Boulding and Moore). Secondly, pioneers that manage to survive do enjoy lasting advantages in their market share (Robinson).
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As a result, the outcomes of these intertwined and combined effects tend to lead to the formation of dominant market positions, also called digital monopoly or oligopoly In this sense, digital platforms such as the GAFA (Google, Apple, Facebook, and Amazon) can be considered as first movers -large companies that introduce a service or a product on an immature market, allowing that company to establish strong brand recognition and service loyalty.
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The market for the Asian scooter-sharing industry is currently less than 4 percent of the North American market size. Singaporean ride-sharing startups, Grab and Neuron Mobility, were the first movers in the Southeast-Asian e-scooter sector. Grab is valued at 10 billion dollars and currently only provides e-scooters from a singular location in Singapore. In 2018, Uber secured 27.5 percent of Grab's equity to compete in the Southeast-Asian market.
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Ghemawat and Spence, 1985, Lieberman 1987 Other studiesGuasch and Weiss (1980) have looked at free rider effects in relation to labor costs, as first-movers may have to hire and train personnel to succeed, only to have the competition hire them away. For example, Craiglist was the first and biggest website to look for short-term rentals. AirBnB came in a few years after and built a massive business at the expense of Craiglist.
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The final type of benefit that first movers may enjoy comes from buyer-switching costs. If it is costly or inconvenient for a customer to switch to a new brand, the first company to gain the customer will have an advantage. Buyers will rationally stick with the first brand they encounter that performs the job adequately to avoid switching costs. Especially for consumer products, the first mover has the opportunity to shape consumer preferences and to earn customer loyalty.
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As of now, we have a much clearer understanding of advantages that firms who move their product much later have than those that first-movers enjoy. The biggest concern currently is that almost no effort has been put towards determining the "resolution of technological and market uncertainty" which are both considered to be major determinants in the optimal timing of product release. There is, also, no methodology to establish whether inertia is or is not acceptable.
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With Hernádi, the company has also adopted a new strategy, MOL Group 2030, built on the premise that demand for hydrocarbon-based motor fuels will gradually decline in the long run and with it is considered one of the first movers among the industry peers to acknowledge the expected weakening dominance of fossil fuels. During a hostile takeover attempt of MOL by OMV in 2007 and 2008, Hernádi was credited with playing a critical role in defending the company and securing MOL's independence.
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Journalists noted the multiple previously unsuccessful efforts of other retailers to build mobile payments services, including those of PayPal, Walmart, Target, Google Wallet, and Softcard. They noted that previous efforts did not solve customer inconvenience issues, and felt that Apple Pay potentially did. The Verge Adrianne Jeffries noted that mobile payment market fragmentation was partially due to Apple's refusal to enter the market. BusinessWeeks Joshua Brustein added that Apple has a history of letting "first movers fail" with an early version of the service before releasing "a more polished version of the same idea".
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An example of this is the steam locomotive industry not responding to the invention and commercialization of diesel fuel (Cooper and Schendel, 1976). This disadvantage is closely related to incumbent inertia, and occurs if the firm is unable to recognize a change in the market, or if a ground-breaking technology is introduced. In either case, the first-movers are at a disadvantage in that although they created the market, they have to sustain it, and can miss opportunities to advance while trying to preserve what they already have.
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First movers can make their technology/product/services harder for later entrants to replicate. For example, if the first mover reduces the costs of producting a product, then they will establish an absolute cost advantage, not only marginal cost advantage. Not only this, but the first mover will be able to apply for patents, copyright and any other protective advantages that will further enhance their establishment in the market. Another way technology leadership comes into play is when a firm has had a unique breakthrough in its research and development (R&D;), providing sustainable cost advantage if the innovative idea can be sustained and protected.
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Secondary or late-movers to an industry or market have the ability to study first-movers and their techniques and strategies. “Late movers may be able to ‘free-ride’ on a pioneering firms investments in a number of areas including R&D;, buyer education, and infrastructure development.” The basic principle of this effect is that the competition is allowed to benefit and not incur the costs which the first-mover has to sustain. These “imitation costs” are much lower than the “innovation costs” the first-mover had to incur, and can also cut into the profits the pioneering firm would otherwise enjoy. Studies of free-rider effects say the biggest benefit is riding the coattails of a company’s research and development,Spence 1984, Baldwin and Childs, 1969 and learning-based productivity improvement.
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It is a mix which has most of the characteristics of > a riba-based loan and the flaws of the Western capitalist system. It fails > to highlight the features of Islamic investment based on risk-sharing and > real investment. It does not recognize the guarantee of the capital or its > return. Another criticism of imitating conventional banking (made by Mahmoud El-Gama) is that pursuing the "past returns and past trends" of conventional finance, (for example seeking to be the first to offer an “Islamic hedge fund”), offers the large initial profit margins from being the "first-movers" of the financial product (in the Islamic financial industry) and having "access to captive markets and free indirect publicity", which tempt other banks try and follow suit, but often offer limited long-term returns.
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Microgame has been founded in 1996 by Italian engineer Fabrizio D'Aloia. Company's main activity was web applications development. In 1998, the company is along first movers in the online sports betting market, which at that time was just regulated. Subsequently, it became the first Italian service provider in the field, and expanded services forniture also in Kyrgyzstan, Russia, Georgia, Malta, Austria, and United Kingdom. Between 2006 and 2007 (in this year, Microgame became a joint-stock company), enters the online horse racing betting and online instant lotteries markets. In 2008, Microgame expands its gaming services: in March, online version of several lotteries are released; in May, launches the new integrated platform for members of the Microgame's network; in July, is officially launched the People's Poker Network, followed a few months later by a new online gaming portal, after the regulation of online poker (September 2008).
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Although Sir Thomas Gates was later hailed by Sir Edwin Sandys as the "principle forwarder" of the London Virginia Company, Captain John Smith wrote in his General Historie that, when in 1605–06 the Jamestown expedition was making no progress, Wingfield got it moving: "Captain Bartholomew Gosnold (Wingfield's second cousin), one of the first movers of this plantation, having many years solicited many friends, but found small assistance; Gosnold at last prevailed with some gentlemen, Capt John Smith, Mr Edward-Maria Wingfield, Mr Reverend Robert Hunt, and diverse others, who depended a year upon his projects, but nothing could be effected, till by their great charge and industry, it came to be apprehended by certain of the Nobility, Gentry and Merchants, so that His Majesty by his letters patents, gave permission for establishing Councils, to direct here; and to govern, and to execute there."Carew Papers, IV, p. 368; Stafford, Thomas, Pacata Hiberna, 1633; reproduced 1820, II, pp. 556–557; see n. 2.
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