Fast Mover Advantage
Entreneurship Prof. Wang Taiyuan seems inclined to tell you not to worry about being first because too many “firsts” go out of business. Hence he favors fast, just as he does when playing badminton.
Entrepreneurship professor Wang Taiyuan (王泰元) believes that Corporate Social Responsibility (CSR) activities are crucial for large corporations. As a researcher, however, his interest lies in gauging the importance of CSR for new ventures and examining the best way to apply them in new ventures that are frequently short of resources. His findings are well worth a look.
On the subject of new ventures he also talks about first mover advantage versus fast mover advantage. He seems inclined to tell you not to worry about being first because too many “firsts” go out of business. Hence he favors fast, just as he does when playing badminton. Somehow the measured and unhurried tone of his voice seems to quietly convince the listener that they can be first just by being a fast mover.
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