What is the point in sharing your idea with the world, if other people are just going to copy it anyway?
Whether it is your idea or an innovation, you might be scared that once it is out there, someone else will take it and you will be left with nothing.
However, that is not how innovation works.
In most cases, innovation and creative ideas add more value to the market or industry than previously existed.
So there is actually more overall value to share around. It is possible to have a sustainable business or creative career in an industry where you are not the only one performing.
Competition is actually a good indicator that there is enough value for everyone.
And vice versa. If your competition innovates, that might just help expand the market you are able to access as well.
It is not a zero-sum game, where in order for someone to benefit, someone else needs to lose.
Yes, your customers could benefit from your idea.
So will your competitors.
But so will you. Don’t forget that.
Latest posts by Nick Skillicorn (see all)
- Podcast S6E132: David Schonthal – The frictions which prevent innovation adoption - September 23, 2021
- What are you actually working for? - September 22, 2021
- Abilene’s paradox: How we decide to do things nobody really wants - September 10, 2021
- Podcast S6E131: Colin Hunter – Building playgrounds for innovation - September 9, 2021