What is the difference between first and second movers?
What will be an ideal response?
First movers are firms that choose to initiate a strategic action. This action may be the introduction of a new product
or service or the development of a new process that improves quality, lowers price, or both. Consequently, you may
see firms pursuing either differentiation or low-cost strategies here. Second movers are simply firms that aren't first
movers, but their actions are important nonetheless. A second mover, for instance, may simply imitate a first
mover?that is, those aspects of its new product, service, or strategy that meet its needs?or it may introduce its own
innovation.
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It is not a good idea to mention your education, experience, and expertise when introducing yourself to your audience, as this will come across as boastful and diminish your credibility
Indicate whether the statement is true or false.
A seven activity project has the activity durations (in weeks) and costs shown in the table. It is possible to speed up every one of the activities by paying a little more. What is the least expensive 30-week project?
Activity Predecessor Normal Duration Normal Cost Crash Duration Crash Cost A -- 7 $2000 5 $3000 B -- 8 $1500 6 $2000 C A 12 $2500 10 $2900 D B 13 $3000 10 $4200 E B 15 $4000 12 $5500 F C, E 10 $3200 8 $4000 G D 7 $1800 6 $2200 A) $18,900 B) $19,200 C) $19,500 D) $19,800