You will even see terms like “first mover advantage.” The simplest such business strategy is to grow: A competitor makes an acquisition, so we make a larger one. Until the meltdown of the early 21st century, a growth strategy also meant loading up on debt to finance acquisitions. The idea is that once a company achieves sufficient market share, it can dictate the terms of the competition. It can, for example, use economies of scale to drive down prices and eliminate its smaller, less efficient competitors, whereupon it can raise prices and otherwise manipulate the marketplace to produce
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This is Silicon Valley's entire business model. If interest rates don't go down, the San Francisco Bay Area may well end up like Detroit.
