Do perceived pioneering advantages lead to first-mover decisions?
Michael Song,
Y. Lisa Zhao and
C. Anthony Di Benedetto
Journal of Business Research, 2013, vol. 66, issue 8, 1143-1152
Abstract:
First-mover literature suggests several pioneering advantages and disadvantages. This study investigates how managerial perceptions of these pioneering advantages affect first-mover decisions by service provider managers. According to the literature on mental models, managers will make first-mover decisions based on their perceptions of pioneering advantages and disadvantages formed from their own personal beliefs; however, little research so far links these perceptions to how first-mover decisions are made. This study tests several hypotheses regarding how perceived pioneering advantages and disadvantages affect the likelihood of making a first-mover decision in selected service industries, using a dataset from 334 senior executives in service industries over a four year period. The empirical results suggest that mental model formation does affect the first-mover decision by service pioneering managers. The study concludes with a discussion of our theoretical contribution and managerial implications.
Keywords: Pioneering advantage; First-mover decisions; Service providers; Mental models (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:66:y:2013:i:8:p:1143-1152
DOI: 10.1016/j.jbusres.2012.03.010
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