When a big competitor decides to copy you, they've conceded to you the right to determine how steep a hill they have to chase you up.
If they're a copying kind of company, they're probably not as good at building stuff as you, so you can make it very painful to follow you.
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SNAP vs Insta. FB inc better at shipping and monetizing but less innovative and less connected to key market. What now?
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would argue in this case the user product is just one thing - FB/Insta still way better monetization product
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if they are smart, they analyze the shortcomings of the current innovation and offer an improved, better version
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(as Peter Drucker wrote, the original innovator should aim to be so far ahead that he can lower prices before others enter the segment)
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they can copy what you've built, not what you're going to build
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Idea, model, & strategy can be copied. Culture can never be copied, coz it's built by unique human personalities & leadership qualities.
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Facebook may be the outlier. (In regards to Snapchat)
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That may well be. Especially in a domain where winning depends on social gimmicks rather than solving hard technical problems.
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Product is copied not people. Someone focal copying & other ones focal building business
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Um, isn't copying successful businesses that refused to sell now a major strategy of our monopolistic tech companies?
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