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Explain how a firm that does not hold a competitive advantage (called a “late-mover”) may establish one by attempting to imitate a firm that holds a competitive advantage and the five (5) ways in which this may be done.

Explain how a firm that does not hold a competitive advantage (called a “late-mover”) may establish one by attempting to imitate a firm that holds a competitive advantage and the five (5) ways in which this may be done. For each of the five (5) ways discussed, explain what it would take to be successful in carrying out each of them. (25 points) (A 1½-page response is required.)


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