Discover why being a "fast second" is often more financially rewarding than being at the cutting edge.If you get there first, you'll lead the pack, right? Not necessarily The skill-sets of most established companies, say strategy experts Constantinos Markides and Paul Geroski, are far better suited[...]

Do company profits eventually converge on a common, competitive level? How long does the convergence process take? This book seeks to answer these questions through a comparison of company profitability using time-series data compiled at the firm level and at the industry level in Canada, France, Ja[...]