Compare and contrast two of the virtual company tours listed in the videos below. Review each closely to answer and discuss the following questions: Compare and contrast first- and late-mover...

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International financial management
The first and late-mover advantages in the industries
The industries that are discussed in the video consist of the following technological industry, transport as well as automotive industry.
Comparison- In technological industry, transport along with the automotive industry the first mover advantage is that the service that is provided by all these industry gains the competitive advantage by being the first in the marketplace with the product or service. Furthermore, being the first tend to enable the firm in these industries to establish the strongest consumer loyalty before other competitors enter into the marketplace. On the other hand, in case of the late-mover advantage the transport and automotive industry it is the positive externalities that are generated by the movers as the free ride on the efforts of the innovation by this company.
Contrast- In case of the transport industry and the car manufacturing is the late-movers have one of the main differences that the cost of imitating a product is quite low.
The two...