the phenomenon whereby companies can achieve a considerable lead time over their competitors by being the first in a host of activities such as entering a market, introducing a new product, launching a new service, creating a distinctive positioning, creating a unique community or developing an enticing web presence. The argument is that whoever does these things first will have a significant advantage over their competitors, who will be forced to imitate

Finance Relative advantage of a country in producing goods and services.

Finance Statement that a country will specialize in producing and will export those goods that it can produce cheaply relative to the costs of producing them in foreign countries and it will import those goods that it can produce only at a relatively high price.