Tesla vs. Nio - And Why First Mover Advantage in Tech Can Suck. (60)

Tesla vs. Nio and why first mover advantage is not as awesome as everyone thinks. At least not in tech.You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya.Advantages of first mover in tech can include:Bigger advantages:Temporary supply-demand imbalanceIncreasing returns to scaleSwitching costsNetwork effectsLearning effectsSmaller advantages:Brand loyaltyTechnological leadershipScarce assets in techDisadvantages of first mover in tech can include:High failure rateR&D expenses on successful and unsuccessful tech.Cost of building production processes and complementary goods not available in the marketCost and difficulty of developing suppliers and distribution channels.Cost and difficulty of building consumer awareness and educationAvailability of enabling technologies and infrastructureUncertainty of customer requirementsRelated podcasts and articles:Introduction to Innovation, Elon and Android’s Dominant Design. (Jeff’s Asia Tech Class – Podcast 58)Concepts for this class.Increasing Returns to Tech AdoptionFirst Mover Advantages and Disadvantages.Path DependencyResource Based CompetitionCore CompetencySupply-Demand ImbalanceCompanies for this class:TeslaNioThis is part of Learning Goals: Level 7, with a focus on:#32: Innovation, Adaptation and Resilience as Competitive Strategy——–I write and speak about digital China and Asia’s latest tech trends.I also run Jeff’s Asia Tech Class, a podcast and subscription newsletter for investors in China / Asia tech companies.This content (articles, podcasts, website info) is not investment advice. The information and opinions from me and any guests may be incorrect. The numbers and information may be wrong. The views expressed may no longer be relevant or accurate. Investing is risky. Do your own research.Support the show

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A podcast by TechMoat Consulting on the strategies of the best digital companies in the US and China / Asia. Tech Strategy offers:-Deep dives into the strategies and business models of leading tech companies. -Lessons on important digital concepts.Lots more information available at Jefftowson.comTo marketers, I do not have podcast guests. This podcast is not investment advice. Me and any guests may get the numbers or information wrong. The views expressed may no longer be relevant. Investing is risky. Do your own research.