Gigantic Corporation follows a strategy of waiting for rivals to innovate then quickly imitating any successful innovations?

Answer 1

Gigantic Corporation's strategy of imitating successful innovations allows it to minimize research and development costs while still capitalizing on market trends. By closely monitoring competitors, the company can rapidly adapt and implement successful ideas, ensuring it remains relevant without the risks associated with original innovation. This approach can lead to short-term gains but may limit long-term growth and brand differentiation. Ultimately, while effective in the short run, reliance on imitation could hinder Gigantic Corporation's ability to lead in innovation.