The word “ Finpecia hair loss inventing” comes from a lot of meanings. Whilst an “ http://rachelbrittain.com/tag/les-mis/ invention” refers to something new, an “ http://blog.hearthstonegrill.com/wp-json/oembed/1.0/embed?url=http://blog.hearthstonegrill.com/2016/02/transition-complete/ inventory” refers to something existing. I find that quite interesting as it can be a way to understand the concept of innovation. Going back to its Latin roots, innovare means renewing or changing an existing concept/ process/ product or what have you. One might therefore be mistaken to believe that innovating is bringing something totally new to the world. Sit down Steve J, I’m only starting.
Innovation tends to be massively used in dynamic Industries such as the high technology sector. This is logical since differentiation in this sector is driven by the novelty of its products, even though the brand can still play an important role e.g. in Apple’s case. But innovation means patents, industrial spying, many (many) lawsuits and other childishness. Which brings us to the question: can imitation be considered as a form of flattery?
I have been using an HTC Desire HD for the past couple of months and I must admit that some of its hardware and software features clearly come from the iPhone’s famous innovations. One day, I have shared my new purchase on my Facebook profile and most of the underlying comments were quite disrespectful to HTC, stating that they had “cheated” on the iPhone to make a break on this market. Yes, HTC wasn’t the first to use multi-touch and other – once groundbreaking – features that today became a standard in smartphones. However, they have – alongside the Android OS – brought a lot of new innovations such as its processor for an improved speed, a revisited interface and the ability to customise your device the way you want. They have done what is standard practice in open source software: “study how the program works, and evolve it to make it do what you wish”. This trend isn’t specific to an Industry either: new advertising techniques are also imitated, then improved and so on.
Competitors tend to rely on what one has created to improve their own products and services. While some might see this as cheating and disrespect, others will see it as a recognition of the initial innovation as well as taking part to the ongoing improvement of the product, and in turn, to the dynamism of the market. The trick is then to ensure consumers remember you were the first one to introduce that novelty.