Incumbent advantage

Incumbent advantage

The importance of being there already. Firms that are in a market can have a significant competitive advantage over aspiring entrants to that market, for instance, through having the opportunity to erect barriers to entry. (See first-mover advantage. )

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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Related terms

incumbent advantage

Economy; Economics

The importance of being there already. Firms that are in a market can have a significant competitive advantage over aspiring entrants to that market, for instance, through having ...

advantage

Professional careers; Sales

The aspect of a product or service that makes it better than another, the selling factor over the product or service of a competitor.

advantage

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something which gives one a better or superior position than another

advantage

Sports; Football

An abbreviation of the "Advantage Law" which gives the right of a team that has been fouled to continue playing.

advantage

Sports; Tennis

This is the first point scored after the game had been tied at deuce and gives the advantage to one of the players. See Deuce.

advantage

Sports; Handball

The referee's decision not to call a foul if it would be to the advantage of the team that committed the foul.

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

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The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

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circular economy

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economic intelligence

Economy; Economics

The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...

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