This article reﬂects upon and updates our prize-winning paper, ‘First-mover advantages,’ which
was published in SMJ 10 years ago. We discuss the evolution of the literature over the past
decade and suggest opportunities for continuing research. In particular, we see beneﬁts from
linking empirical ﬁndings on ﬁrst-mover advantages with the complementary stream of research
on the resource-based view of the ﬁrm.