Discussion 1: First-Mover Vs Late-Mover Companies

Discussion 1: First-Mover Vs Late-Mover Companies
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Discussion 1: First-Mover Vs Late-Mover Companies
Ghana is arguably one of the largest producers of gold in Africa (Export.gov, 2017). This puts the state in scramble mode as all major international mining corporations struggle for a piece of the proverbial cake. However, there is a huge disparity when it comes to market share. Export.org (2017) cites that the state’s mining sector is often divided with the the first-mover companies enjoying privileges not traditionally accorded to the last-mover companies. This discussion delves into the advantages of the first movers in the gold mining industry in Ghana as it also highlights the challenges and disadvantages of the last movers in the same.
According to Oxford Business Group (2013), Goldfields mining company is the largest mining company in Ghana as it operates the country’s and continents largest mine in Tarkwa. The company, according to the author has made significant gains as it controls the lion share of the industry enjoying almost monopoly style dominance. Goldfields company enjoys government ...