Business Advanced Free Analysis

Imitation: The New Key to Business Success

Hart E. Posen, et al. Β· Imperial College London March 20, 2023 6 min read ~1200 words

Why Read This

What Makes This Article Worth Your Time

Summary

What This Article Is About

Imperial College London researchers challenge the widespread business prejudice against imitation, arguing that strategic copying is far more sophisticated and valuable than commonly acknowledged. Drawing on insights from Harvard economist Theodore Levitt and Stanford’s James G. March, who observed that “imitation probably represents the majority of what is normally called innovation,” the article demonstrates how imitation pervades successful commerceβ€”from P&G’s Swiffer mop to Apple’s iPod design and Meta’s feature replication.

The researchers dismantle three key misconceptions: that imitation is inherently weak (when corporate giants like P&G and Apple have leveraged it effectively), that there’s only one way to imitate (when timing, integration, and strategic judgment create diverse approaches), and that imitation is easy (when successful copying requires understanding competitive advantages, superior resources, and market dynamics). Examples from fast fashionβ€”where Zara pioneered rapid designer replication, only to be out-innovated by Sheinβ€”illustrate how imitation drives market evolution and competitive pressure, ultimately benefiting innovation rather than stifling it.

Key Points

Main Takeaways

Innovation Often Disguises Imitation

Leading academics argue that most innovation is actually imitation in disguise, challenging business culture’s idolization of pure originality.

Corporate Giants Leverage Imitation

Major companies like P&G, Apple, and Meta successfully employ imitation strategies, using superior resources to exploit smaller competitors’ innovations.

Imitation Creates New Markets

Fast fashion exemplifies how imitation chainsβ€”Zara copying designers, Shein surpassing Zaraβ€”drive market evolution and competitive innovation cycles.

Strategic Complexity Requires Judgment

Effective imitation demands sophisticated decisions about timing, which elements to copy, and how to integrate disparate components creatively.

Copying Isn’t Simple Replication

Successful imitation often requires superior resources, understanding hidden competitive advantages, and discerning which elements drive consumer preferences.

Defensive Strategy for Leaders

Imitation serves as effective competitive defense, allowing established firms to respond to challengers and maintain market position through adaptive strategies.

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Article Analysis

Breaking Down the Elements

Main Idea

Rehabilitating Imitation’s Reputation

The central argument is that business culture’s dismissive attitude toward imitation is fundamentally misguidedβ€”strategic copying is neither weak nor uncreative but rather a sophisticated competitive tool that drives innovation, creates markets, and provides advantages when executed with skill and judgment. The researchers position imitation not as innovation’s opposite but as its unacknowledged engine, citing academic authorities who argue that most “innovation” is actually imitation, and demonstrating through corporate examples that understanding imitation’s strategic value eliminates competitive blind spots.

Purpose

Challenging Business Orthodoxy

The researchers wrote this to correct what they view as a “blinkered and outdated” business perspective that stigmatizes imitation while idolizing pure innovation. Their purpose is both corrective and strategicβ€”to provide business leaders with a more nuanced understanding of competitive dynamics that can inform better decision-making. By systematically dismantling three common misconceptions, they aim to legitimize imitation as a respectable strategic option and prevent leaders from overlooking valuable competitive intelligence and tactical opportunities due to prejudice against copying.

Structure

Problem β†’ Evidence β†’ Misconceptions β†’ Implications

The article opens by establishing the cultural problem (business prejudice against copying), then provides academic and corporate evidence that imitation is ubiquitous and valuable. The core follows a systematic debunking structure, addressing three misconceptions sequentially with concrete counterexamplesβ€”P&G and Apple demonstrate that imitation isn’t weak, Zara and Shein show multiple imitation approaches, and the beer packaging example illustrates complexity. The structure concludes by synthesizing implications: underestimating imitation represents missed opportunities, and deeper understanding can inspire innovation and competitive advantages.

Tone

Authoritative, Corrective & Evidence-Based

The tone is confidently revisionist, positioning the researchers as correcting widespread business misconceptions with superior understanding. The authors write with academic authorityβ€”citing Harvard and Stanford luminariesβ€”while maintaining accessibility through vivid examples like tribute bands and fast fashion. The tone balances intellectual correction (“set the record straight,” “blinkered and outdated”) with pragmatic business advice, avoiding condescension while firmly challenging conventional wisdom. This creates credibility for what is essentially a contrarian argument about business strategy.

Key Terms

Vocabulary from the Article

Click each card to reveal the definition

Emulating
verb
Click to reveal
Matching or surpassing through imitation; attempting to equal or excel by copying another’s methods, products, or achievements.
Leverage
verb
Click to reveal
To use something to maximum advantage; to strategically employ resources, knowledge, or position for competitive gain or amplified impact.
Opaque
adjective
Click to reveal
Not transparent or easy to understand; difficult to see through or comprehend, especially regarding business processes or technologies.
Disparate
adjective
Click to reveal
Essentially different in kind; containing distinct elements that are fundamentally unlike each other yet potentially combinable into something new.
Legitimise
verb
Click to reveal
To make acceptable or valid; to establish something as conforming to rules, principles, or standards of legality and propriety.
Meteoric
adjective
Click to reveal
Characterized by very rapid rise or development; achieving success with remarkable speed, like a meteor streaking across the sky.
Bedded in
phrasal verb
Click to reveal
Firmly established or settled; when something has become accepted, stabilized, or integrated into standard practice after initial introduction.
Revered
adjective
Click to reveal
Deeply respected and admired; regarded with profound honor, especially in reference to influential academics or thought leaders.

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Tough Words

Challenging Vocabulary

Tap each card to flip and see the definition

Blinkered BLINK-erd Tap to flip
Definition

Having a narrow or limited outlook; unable to see beyond one’s preconceptions, like a horse wearing blinders.

“attempts to set the record straight on this blinkered and outdated view”

Rife RYFE Tap to flip
Definition

Widespread or abundant; occurring frequently or in large quantities throughout a particular area or context.

“Imitation is rife throughout commerceβ€”and has been applied widely”

Deftly DEFT-lee Tap to flip
Definition

In a skillful, clever, or neatly precise manner; demonstrating quickness and adroitness in physical or mental action.

“Used deftly, imitation can speed up the pace of change, spark innovation and leverage creativity”

Idolise EYE-duh-lyze Tap to flip
Definition

To admire, revere, or love excessively; to treat something or someone as an ideal or object of worship.

“We idolise what is new and creative without acknowledging the debt owed to existing business”

Oust OWST Tap to flip
Definition

To drive out or expel from a position or place; to force someone or something out through competition or force.

“new challengers from China are poised to oust Shein with superior offers”

Flurries FLUR-eez Tap to flip
Definition

Brief periods of commotion or excitement; sudden bursts of activity, often numerous and occurring in quick succession.

“This has resulted both in meteoric growth and flurries of copyright complaints”

1 of 6

Reading Comprehension

Test Your Understanding

5 questions covering different RC question types

True / False Q1 of 5

1According to the researchers, investors generally prefer startups with completely novel, untested technology over those that borrow from existing solutions.

Multiple Choice Q2 of 5

2The fast fashion example (Zara and Shein) primarily illustrates which of the following points about imitation?

Text Highlight Q3 of 5

3Which sentence best captures why successful imitation is more difficult than businesses typically assume?

Multi-Statement T/F Q4 of 5

4Evaluate these statements about P&G’s Swiffer product according to the article:

The Swiffer was based on a similar product that already existed in Japan.

The article uses P&G’s Swiffer to demonstrate that powerful companies can successfully leverage imitation.

P&G claimed the Swiffer was a completely original invention with no precedent.

Select True or False for all three statements, then click “Check Answers”

Inference Q5 of 5

5Based on the article’s discussion of Theodore Levitt and James G. March’s observations, what can we reasonably infer about the relationship between innovation and imitation?

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FAQ

Frequently Asked Questions

According to the article, business imitation goes far beyond simple copying. It encompasses emulating products and processes, replicating a firm’s technologies and resources, or even adopting organizational structures and strategies. The researchers emphasize that imitation can involve integrating disparate elements creatively to produce something new, making timing decisions about when to copy, and exercising judgment about what and who to imitate. This sophisticated view contrasts sharply with the dismissive “copycat” stereotype, positioning imitation as a strategic tool requiring skill, resources, and deep understanding of competitive dynamics.

The researchers note that when Apple launched the iPod in 2001, it “bore a close physical resemblance to the Diamond Rio, the world’s first digital audio player launched four years earlier.” This example appears in the section debunking the misconception that “imitation is weak,” demonstrating that even Appleβ€”a company celebrated for innovationβ€”built upon existing designs. The implication is that Apple’s success came not from pure originality but from superior execution, marketing, and ecosystem integration (iTunes), using their substantial resources to exploit an innovation pioneered by a smaller player. This supports the broader argument that powerful firms strategically leverage imitation.

The article addresses timing when dismantling the misconception that “there’s only one way to imitate.” The researchers explain that “timing can be critical” and pose the strategic question: “is it better to wait until a new product or service has bedded in or move swiftly?” They note that “speed can influence how competitors respond and creates its own market dynamic.” This suggests that early imitation might catch competitors off-guard or establish market position before defenses are erected, while delayed imitation allows learning from the pioneer’s mistakes and market feedback. The timing decision requires strategic judgment about competitive responses and market readiness.

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This article is rated Advanced difficulty. It requires understanding sophisticated business concepts like competitive dynamics, strategic positioning, and market evolution. The vocabulary includes specialized academic and business terminology (“blinkered,” “disparate,” “legitimise,” “opaque”), and the argument structure demands tracking multiple examples across abstract categories of misconceptions. The writing assumes familiarity with business case studies (P&G, Apple, Zara) and academic citations (Levitt, March) while navigating nuanced distinctions between innovation and imitation. Successfully comprehending this article requires comfort with complex business analysis and abstract strategic thinking.

Imperial College London is one of the world’s leading research institutions, and this collaborative work draws on expertise from multiple top business schools including the University of Wisconsin-Madison, University of Michigan, and University of Nevada, Las Vegas. The research challenges deeply entrenched business orthodoxy with empirical evidence and theoretical frameworks. The article references foundational work from Harvard and Stanford academics spanning decades, positioning this research within a substantial intellectual tradition. By systematically addressing misconceptions and providing contemporary examples, the researchers offer business leaders practical strategic insights that could reshape competitive thinking, making the work both academically rigorous and commercially relevant.

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