If there is one thing humans do well, we excel at imitation. We apes ape.
Why do you think every high school kid dresses the same way?
Or why every MBA sounds alike using the same buzzwords?
We even copy business models.
Groupon has inspired scores and scores of copycats. And if Google is any indication, Groupon being the first mover might not win. But neither will all those me-too group buying companies except for one or two.
There are good evolutionary reasons why we imitate so well. But let's be realistic here. You're not going to create the next Groupon. You can't create the next Google. Nor will you build the next Facebook. There is no "next (insert name of existing big successful company here)."
The key to thriving and not just surviving is to come up with something entirely new. Something the rest of us haven't imagined. So we can imitate you.

Allan,
Thank you for your thoughtful post. I agree with you that successful businesses should not try to thrive simply by becoming a copy of another business.
Perhaps businesses can be successful at copying a system or outlook.
Issamar Ginzberg gives examples using the pizza industry. Fast Food pizza chains usually specialize on delivering pizzas at a low price with low quality. An new restaurant trying to beat Dominos on prize and speed will probably fail. But if the new restaurant has something special about them that no chain can best, they may succeed.
Healthy (whole wheat crust, low fat cheese, low grease, organically grown toppings)
Equipment (wood fire, brick oven)
Social Good (living wage and opportunities for workers, community involvement)
As Issamar Ginzberg points out, on one hand, the pizza is nearly the same, yet it can be completely different given the situation and experience.
Trying to make the next Groupon, Facebook or Google will likely fail if a business has no advantage or innovation. But, they may succeed by focusing on something that larger businesses are missing or cannot implement.
Posted by: Joseph Joel Sherman | 11/19/2010 at 05:43 AM
@Joseph: bingo!
There is no reality, there is only perception. The 'new' thing does not have to BE new, it just has to FEEL new.
Posted by: Joel D Canfield | 11/19/2010 at 10:23 AM
@Joel,
True, the "new" just needs to "feel new." Sometimes the "new" can be something old in an updated/repackaged form:
Retro cars (VW Bug, Chevrolet Camaro, BMC Mini, and Ford Mustang)
Greatest Hits/Best of Album for Musicians (1, The Beatles album sold 31 million copies worldwide)
Movies (James Bond, Transformers, Star Wars)
Restaurants ( N-N-OUT Burger, Hard Rock Cafe)
Posted by: Joseph Joel Sherman | 11/21/2010 at 12:46 PM