Understanding the Cost and the Value of Being First

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Seth Godin says "the cost of being first is higher than it's ever been."  But is the payoff worth the rising cost?  Godin suggests it is not:

Have you noticed how often stock analysts quoted in the news are wrong? Wrong about new products, wrong about management decisions, wrong about the future of a company? In fact, they're almost always first and almost always wrong.

Rule of thumb: being first helps in the short run. Being a little more right than the masses ultimately pays off in the long run. Being last is the worst of all three.

A few people care a lot about scoops. Most of us, though, care about alert people making insightful decisions. Decide who you're trying to please, then ship.

Read the full post at Seth's Blog, here.  


Posted 07-30-2010 9:47 AM by Graham Griffith
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