Business Finance Homework Help

I’m working on a management writing question and need guidance to help me learn.

1. Read Chapter 6

2. Watch Adam Grant’s Ted Talk: The surprising habits of original thinkers

https://www.ted.com/talks/adam_grant_the_surprising_habits_of_original_thinkers

3. Compare and Contrast Adam’s Ted Talk with Chapter 6 (1-2 paragraphs)

4. Provide 5-10 firm level examples of topics that arise in the chapter and/or the Ted Talk.

A Value Added Example: As Adam Grant mentions in his Ted Talk, it is often much easier to improve on others’ ideas than it is to create a new idea from scratch. In conjunction with our textbook, this could be because first movers may not commit enough resources to pioneer a product/service or when there is very little propriety or patentability about the new products and services (2015: 199). McQuerrey (2017) of bizfluent also points to some of the following reasons as to why late movers may thrive: making tweaks and improvements, less financial risk, and coat tailing momentum built by first movers. Some examples of this could include search engines (Google replacing Ask Jeeves and other less robust earlier movers), social networks (Facebook replacing MySpace), and video games (Nintendo and others replacing Atari).

Sources:

https://bizfluent.com/list-7445815-advantages-late-movers.html

A Relatively Weak Example: I prefer Mercedes instead of Acura. Because Mercedes has been making cars since the early 1900s and Acura began in 1980s, Mercedes probably has a first mover advantage.