First Mover Advantage
The competitive advantage gained by the initial significant occupant of a market segment, which can lead to brand recognition and customer loyalty.
The competitive advantage gained by the initial significant occupant of a market segment, which can lead to brand recognition and customer loyalty.
The study of strategic decision making, incorporating psychological insights into traditional game theory models.
The approach a company takes to manage and market its portfolio of products, ensuring each product supports the overall business strategy.
A strategic approach where decisions and direction are set by top-level management and flow down through the organization, often aligned with overarching business goals.
The strategy of placing a brand in the market to occupy a distinct and valued place in the minds of the target audience.
A pricing strategy that offers a middle option with substantial value at a moderate price, often perceived as the best deal by users.
A pricing strategy where a high-priced option is introduced first to set a reference point, making other options seem more attractive in comparison.
The ability of a product or service to keep users engaged and returning over time, often measured by metrics such as retention rate.
A strategy where an additional, less attractive option is introduced to make other pricing options look more appealing, often steering customers towards a particular choice.