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ago, 98% of the value of innovators goes to imitators who are often overlooked and despised as copycats. The rate of imitation is also accelerating, for instance, the original music player (the phonograph) took 30 years to imitate compared to the 3 years it took to replicate the CD player. With the growing and emerging technology which allows for data sharing across different platforms and markets, reverse engineering is becoming a norm. The Imitator’s DNA Companies looking to imitate must know that “Imitation is not mindless repetition; it’s an intelligent search for cause and effect.” Oded Shenkar. To succeed, firms must actively seek out ideas worth copying not just within the industry and region but beyond. The magic is not in just copying but in being able to avail a better and cheaper copy. The approach of availing a new product or service that is better at a third Companies pur- sue imitation as a strategy when they wish to lower the costs and risks associated with in- novation. Rather than go for break- through innova- tions, firms are in- creasingly aiming for faster develop- ment cycles that avail new products faster and cheap- er. This is achieved by copying certain aspects of innova- tion and improv- ing on the new of- fering. of the price is disruptive to the innovators. Imitators win more through disruptive innovation if they must outcompete the pioneers. Are you an innovator or imitator? Imitation happens more often than we think. Take a moment and think about the following statements and give your best possible response. Did Starbucks invent coffee shops? Which came first between Amazon’s Echo and Google’s Alexa? Did you first hear about Apple pay, Google pay or Alipay? Who first introduced cloud computing? On which social media platform did you first experience the 24 hours stories feature? Is Alibaba the eBay of China? What is the difference between Uber and Lyft? Think about some of the brands we interact with. Do you notice that Visa and Mastercard came after Diner’s club? Google after Yahoo, FedEx after UPS, Coca-Cola and Pepsi after RC Cola, Huawei after Apple? Blockbuster or Netflix? The list is endless. Innovation to a greater extent sparks a wave of imitation. In a highly competitive environment, actions of one firm or group of firms trigger a reaction from another firm leading to a series of actions and reactions. Adopting an imitation strategy allows a firm to maintain relative fitness. The scope and speed of imitation of one firm influences the scope and speed of rivals firms. Bringing it All Together Copycat does not mean second best. Being the first does not always guarantee market dominance. The decision of whether to imitate or not is dependent on the follower’s view of the uncertainty that comes with the decision. If for instance, the innovator fails, the follower’s decision to imitate will most likely fail. The opposite is true. Pioneers have also been successful, but like the case of Pfizer, firms cannot afford to ignore imitators especially in the current world of growing and emerging technologies. Imitation must not be shunned but should be adopted as a way of innovating better. Are you an innovator or imitator? Share your thoughts. Senorine Wasike is an innovation champion with over 10 years’ experience in FMCG, currently working as the Innovation Commercialization Manager at Kenya Breweries Limited. You can commune with her on this or related matters via email at: Senorine. [email protected].