The Impact of First Mover Advantage on Business Model Innovation in SMEs

Shuai Liu () and Baiqing Sun ()
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Shuai Liu: Harbin Institute of Technology, School of management
Baiqing Sun: Harbin Institute of Technology, School of management

A chapter in Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026), 2026, pp 387-393 from Springer

Abstract: Abstract While empirical studies highlight knowledge’s role in SME innovation, how SMEs leverage knowledge through first-mover advantage for business model innovation remains underexplored. This study constructs a tripartite evolutionary game model incorporating competitors and customers to capture the dynamic adjustments of first-mover advantage under market uncertainty. Findings suggest that emphasizing first-mover advantage through alternative strategic logic facilitates business model innovation and enriches innovation theory. The model not only aids decision-making but also clarifies coordination mechanisms in uncertain markets, with simulations helping managers grasp the dynamic interactions essential for innovation.

Keywords: First Mover Advantage; Business Model Innovation; Evolutionary Game Theory (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-719-4_44

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DOI: 10.2991/978-94-6239-719-4_44

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