fast follower

fast follower

n
(Commerce) a company that is quick to pick up good new ideas from other companies
References in periodicals archive ?
"While there is tremendous work going on in the private sector that we have benefited from, and we have to recognize that the government isn't going to be a leader -- it's going to have to be a fast follower in these technologies -- there are some areas that will not be commercially pursued that they will need, so we're going to have to innovate in security," Gordon said.
Though the issue does not hurt Samsung's balance sheet, the postponement damages the firm's effort to showcase itself as an innovative first mover, not a fast follower, analysts said.
It is no longer enough to be a fast follower, especially when technology is concerned.
If you do decide to get involved, there are the standard three strategic options associated with any innovation: You can be a pioneer or a fast follower, or you can wait and see if the market settles once the pioneers and fast followers have tested its limits.
And now, I think they're trying to adopt a fast follower strategy.
Whether you're an early adopter, a fast follower or a late-to-the-party traditionalist, you can't escape one fact: Technology is changing the culture of your company.
The Rise of Enterprise Behavioural Science: We expect behavioural science to enter the fast follower phase as an emerging function in the enterprise this year, with savvy companies adopting these economic and social science principles to increase worker productivity and nudge consumers toward desirable outcomes.
The Rise of Enterprise Behavioral Science: We expect behavioural science to enter the fast follower phase as an emerging function in the enterprise this year, with savvy companies adopting these economic and social science principles to increase worker productivity and nudge consumers toward desirable outcomes.
In terms of digital strategies, is it better to be a "first mover" or a "fast follower"?
"Our innovative focus is being a fast follower of trends we see in the premium market and bringing those attributes to the consumer and retailer faster and with a better value proposition than any other brand," a company spokesman said.
How to adapt: At a minimum, carriers must take a fast follower approach by closely watching other industries like financial services, as opposed to only companies like Amazon and Apple that everyone claims to be following.
It used to be a lot easier for companies to control or slow down innovation through regulations or to act as a fast follower, but where demand and opportunity collide, really big innovation takes place really fast.