The Myth of The First Mover Advantage

Entrepreneurship
Written By Matthew Burzon, SHRM-SCP

You know Martin Luther King, Jr.’s famous “I Have a Dream” speech? It was the work of an incorrigible procrastinator.

It’s true. The line the civil rights leader is most remembered for was a last-minute addition to this speech.

Of course, the bulk of the speech was started way in advance. And this, says Adam Grant, is the mark of an original thinker: people who start projects early, but finish them slowly.

In his TED Talk “The Surprising Habits of Original Thinkers,” Grant talks about the myth of “first-mover advantage.” He cites a failure rate of 47% for first-movers, where the “improvers,” on the other hand, have a failure rate of only 8%.

Facebook and Google were not first movers in their arenas. They followed MySpace and Yahoo — but they did it differently.

It’s called VUJA DE: the ability to look at something you’ve seen before, but with fresh eyes.

Matthew Burzon, SHRM-SCP

As the Founder and President of 𝗧𝗵𝗲 𝗦𝗼𝘂𝗿𝗰𝗲 𝗮𝗻𝗱 𝗥𝗲𝗰𝗿𝘂𝗶𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝘆, my mission is to transform the recruitment process for businesses seeking exceptional talent.

𝗧𝗵𝗲 𝗦𝗼𝘂𝗿𝗰𝗲 𝗮𝗻𝗱 𝗥𝗲𝗰𝗿𝘂𝗶𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝘆™ is a B2B and B2C e-commerce platform offering AI-driven and traditional on-demand recruitment and placement solutions. Our team utilizes well researched strategy and in-depth market analysis to deliver bespoke recruitment solutions, ensuring a seamless fit between candidates and company culture. We've cultivated a robust e-commerce platform that connects organizations with top-tier professionals and supports informed hiring decision making.

Our approach to talent acquisition is rooted in modern recruitment techniques and a deep understanding of diverse sourcing, candidate engagement, and AI-driven personalized recruitment email marketing. We are truly a prototypical 21st century artificial intelligence-empowered recruitment agency enabling businesses to overcome the hiring challenges of today's competitive landscape.

https://www.linkedin.com/in/matthewburzon/
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