Better late than never: A study of late entrants in household electrical equipment

For the most part, studies on timing of entry have attempted to determine the advantages that early entrants may be able to develop and hold over subsequent entrants. Given that a large number of firms attempt to enter at a much later stage in the development of the market, it is particularly surprising that little research has attempted to examine the differences in the ability of late movers to penetrate the market. In this paper, we focus exclusively on late movers and examine the extent to which their early success can be tied to existing market conditions, their resource strengths, and their strategic positioning. Copyright © 2003 John Wiley & Sons, Ltd.

[1]  F. Bass,et al.  When to lead or follow? It depends , 1990 .

[2]  K. Eisenhardt,et al.  Speeding Products to Market: Waiting Time to First Product Introduction in New Firms. , 1990 .

[3]  Briance Mascarenhas Research notes and communications first‐mover effects in multiple dynamic markets , 1992 .

[4]  Thomas C. Powell,et al.  How much does industry matter ? An alternative empirical test , 1996 .

[5]  Brand extension and order of entry , 1991 .

[6]  W. Mitchell Dual clocks: Entry order influences on incumbent and newcomer market share and survival when specialized assets retain their value , 1991 .

[7]  G. Carroll,et al.  Density Delay in the Evolution of Organizational Populations: A Model and Five Empirical Tests , 1989 .

[8]  J. Papastavrou,et al.  Accounting for Endogeneity When Assessing Strategy Performance: Does Entry Mode Choice Affect Fdi Survival , 1998 .

[9]  Michael J. Moore,et al.  Pioneering and Market Share: Is Entry Time Endogenous and does it Matter? , 1991 .

[10]  Gregory S. Carpenter,et al.  Late Mover Advantage: How Innovative Late Entrants Outsell Pioneers: , 1998 .

[11]  G. Tellis,et al.  Pioneer Advantage: Marketing Logic or Marketing Legend? , 1993 .

[12]  Melissa A. Schilling Technological Lockout: An Integrative Model of the Economic and Strategic Factors Driving Technology Success and Failure , 1998 .

[13]  A. Cooper,et al.  The role of firm resources and organizational attributes in determining entry timing: a cross-industry study , 1998 .

[14]  Arthur B. Markman,et al.  Overcoming the Early Entrant Advantage: The Role of Alignable and Nonalignable Differences , 1998 .

[15]  David A. Aaker,et al.  The perils of high-growth markets , 1986 .

[16]  M. Porter,et al.  HOW MUCH DOES INDUSTRY MATTER , REALLY ? , 1997 .

[17]  C. Fershtman,et al.  Market Share Pioneering Advantage: A Theoretical Approach , 1990 .

[18]  Dong-Sung Cho,et al.  Latecomer Strategies: Evidence From the Semiconductor Industry in Japan and Korea , 1998 .

[19]  Warren Boeker,et al.  Strategic Change: The Effects Of Founding And History , 1989 .

[20]  A. Cooper,et al.  Established companies diversifying into young industries: A comparison of firms with different levels of performance , 1988 .

[21]  Gerard J. Tellis,et al.  First to Market, First to Fail? Real Causes of Enduring Market Leadership , 2006 .

[22]  S. Postle,et al.  Product Innovation Management , 1990 .

[23]  J. Lattin,et al.  Investigating the relationship between time in market and pioneering advantage , 1994 .

[24]  Paul J. Verdin,et al.  IS PERFORMANCE DRIVEN BY INDUSTRY- OR FIRM-SPECIFIC FACTORS? A NEW LOOK AT THE EVIDENCE , 2009 .

[25]  A. Swaminathan Environmental Conditions at Founding and Organizational Mortality: A Trial-by-Fire Model , 1996 .

[26]  G. Kalyanaram,et al.  First-mover advantages from pioneering new markets: A survey of empirical evidence , 1994 .

[27]  Gurumurthy Kalyanaram,et al.  Product hierarchy and brand strategy influences on the order of entry effect for consumer packaged goods , 1996 .

[28]  A. Cooper,et al.  Survivors of industry shake-outs: The case of the U.S. color television set industry , 1985 .

[29]  G. Lilien,et al.  The timing of competitive market entry: an exploratory study of new industrial products , 1990 .

[30]  M. Lambkin Order of entry and performance in new markets , 1988 .

[31]  J. Heckman Sample selection bias as a specification error , 1979 .

[32]  John R. Kimberly,et al.  SCOPE, TIMING AND STRATEGIC ADJUSTMENT IN EMERGING MARKETS: MANUFACTURER STRATEGIES AND THE CASE OF MRI , 1993 .

[33]  W. Greene Sample Selection Bias as a Specification Error: Comment , 1981 .

[34]  Adrian B. Ryans,et al.  Entry Strategy and Long-Term Performance: Conceptualization and Empirical Examination , 1995 .

[35]  R. Rumelt How much does industry matter , 1991 .

[36]  William T. Robinson,et al.  Are market pioneers intrinsically stronger than later entrants , 1992 .

[37]  R. Bond,et al.  Sales, Promotion and Product Dif-ferentiation in Two Prescription Drug Markets , 1977 .

[38]  Kent Nakamoto,et al.  Competitive Strategies for Late Entry into a Market with a Dominant Brand , 1990 .

[39]  Lisa C . Troy,et al.  Order of Entry and Business Performance: An Empirical Synthesis and Reexamination , 1995 .

[40]  Christopher L. Tucci,et al.  Incumbent Entry into New Market Niches: The Role of Experience and Managerial Choice in the Creation of Dynamic Capabilities , 2002, Manag. Sci..

[41]  G. Kalyanaram,et al.  Dynamic Effects of the Order of Entry on Market Share, Trial Penetration, and Repeat Purchases for Frequently Purchased Consumer Goods , 1992 .

[42]  Steven P. Schnaars When entering growth markets, are pioneers better than poachers? , 1986 .

[43]  Alfredo J. Mauri,et al.  Firm and industry effects within strategic management: an empirical examination , 1998 .

[44]  J. Mahon,et al.  Meta-Analysis of the Impact of Research Methods on Findings of First-Mover Advantage , 1997 .

[45]  M. Porter,et al.  HOW MUCH DOES INDUSTRY MATTER, REALLY? , 1997 .

[46]  A. Spence Entry, Capacity, Investment and Oligopolistic Pricing , 1977 .

[47]  C. Fornell,et al.  Sources of Market Pioneer Advantages in Consumer Goods Industries , 1985 .

[48]  P. P. McDougall,et al.  An examination of the impact of initial founding conditions and decisions upon the performance of new bank start-ups , 2000 .

[49]  Dick R. Wittink,et al.  Heterogeneity in entry effects between nondurable consumer product categories , 1994 .

[50]  R. Shaw,et al.  Late entry, market shares and competitive survival: The case of synthetic fibers , 1984 .

[51]  Thomas H. Brush,et al.  The relative influence of industry and corporation on business segment performance: an alternative estimate , 1999 .

[52]  Richard Makadok Can first-mover and early-mover advantages be sustained in an industry with low barriers to entry/imitation? , 1998 .

[53]  R. Schmalensee Product Differentiation Advantages of Pioneering Brands , 1980 .

[54]  Karen A. Bantel Technology-based, “adolescent” firm configurations: strategy identification, context, and performance , 1998 .

[55]  Christopher L. Tucci Incumbent Entry into New Market Niches , 2001 .

[56]  G. Carroll,et al.  Errata: Organizational Mortality in the Newspaper Industries of Argentina and Ireland: An Ecological Approach , 1982 .

[57]  Harlow B. Cohen The performance paradox , 1998 .

[58]  W. Mitchell Whether and When? Probability and Timing of Incumbents' Entry into Emerging Industrial Subfields , 1989 .

[59]  K. Eisenhardt,et al.  Organizational Growth: Linking Founding Team, Strategy, Environment, and Growth among U.S. Semiconductor Ventures, 1978-1988. , 1990 .

[60]  E. Prescott,et al.  Sequential location among firms with foresight , 1977 .

[61]  David J. Miller,et al.  Relating Porter's Business Strategies to Environment and Structure: Analysis and Performance Implications , 1988 .

[62]  Rodolphe Durand,et al.  Age, Order of Entry, Strategic Orientation and Organizational performance , 2001 .

[63]  W. Gartner,et al.  Entry order, market share, and competitive advantage: A study of their relationships in new corporate ventures , 1989 .

[64]  Elaine Romanelli,et al.  Environments and Strategies of Organization Start-Up: Effects on Early Survival , 1989 .

[65]  Gregory S. Carpenter,et al.  Consumer Preference Formation and Pioneering Advantage , 1989 .

[66]  R. Lipsey,et al.  Capital, Commitment, and Entry Equilibrium , 1981 .

[67]  G. Tellis,et al.  Will It Ever Fly? Modeling the Takeoff of Really New Consumer Durables , 1997 .

[68]  D. B. Montgomery,et al.  First-mover (dis)advantages: Retrospective and link with the resource-based view , 1998 .