Tech - Cloning is a good business model
According to Wikipedia, "Cloning in biology is the process of producing similar populations of genetically identical individuals that occurs in nature when organisms such as bacteria, insects or plants reproduce asexually.".
There is a lot of debate around cloning of life, be it human, animal or plant. When it comes to cloning of business models or technologies, there seems to be no such issue.
Here is an article on one of my favourite sites about one of the many new clones emerging in the web 3.0 businesses - Techcrunch
Typically, first mover advantage is what businesses aim for. However, it is also fraught with risks. What if the customer or the market do not warm up to it? Business that follow a competitor into a new segment however do not face such risks. They may or may not capture the market or mind-share, but they can still survive or even flourish. Take the case of the deal sites, there are so many clones of the original deal sites in countries like US, UK and India. Refer my previous post.
In any case, in most countries there are laws and regulations against monopoly. It probably makes sense sometimes, to let others make the first move and then make up your mind.