Businesses need innovators just the same as economies need enterprise.
What isn't looked at is the process of innovating, also referred to as reverse engineering original ideas and then applying it with different value. We all saw this about a fortnight ago when tech giant, Instagram, crushed Snapchat's 'Snap Stories' mode with its own 'Stories' mode. Instagram saw an opportunity to take an original idea and reverse engineer it maximise value - it's that simple.
Why reverse engineer? The daingers of not reverse engineering are clear; firms will continue to use their product the same way and end up monopolising their innovation, which drains out consumer interest and will eventually backfire on the business's product selection. This is why it is impeccable that business//s continue to reverse engineer their own products before competitors use their ideas and beat them at their own game.
If we can take away something from highly skilled entrepreneurs it is that reverse engineering (even in service-sectors) is an integral part of not just the product development, but also the business's development within the relevant industry.
Read my short post 'Are You Skilled With $ocial Media?' HERE