First-Mover Advantage and Organizational Structure
This paper looks at first-mover advantage and its effects on organizational structure and size. The framework is the project-selection model and the key assumption is that managers are fallible so that decision-making is imperfect. The analysis suggests that when there is a first-mover advantage, de...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1993
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/169 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | This paper looks at first-mover advantage and its effects on organizational structure and size. The framework is the project-selection model and the key assumption is that managers are fallible so that decision-making is imperfect. The analysis suggests that when there is a first-mover advantage, decentralized and smaller organizations, such as the polyarchy and the committee, are preferable since they are speedier in making decisions despite the reduced accuracy in selecting projects. |
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