How long is the life expectancy of your innovation?

How long is the life expectancy of your innovation?

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Are you operating in a market with many suppliers with more or less identical products or services as yours (for example hotel, restaurant, taxi, etc)
Is your innovation based on suppliers equipment or raw materials, which are offered to your competitors as well?
Are you a market leader with whom your competitors seek inspiration?
Is your innovation difficult to imitate because it relies on special resources that you have access to?
Is your innovation difficult to imitate, because it relies on knowledge that only you have access to?
Can you estimate when your core group of customers has tried your product or service, and when the novelty value has vanished?
Are you already considering an upgraded version of your product or service, thus initiated a rolling innovation process?
Over time, can you reduce the cost of your new product or service in order to withhold its competitiveness?
Do you expect that some of your competitors have new product/services in the tube that could overhaul your innovation?
Is your product/service based on fashion trends and media attention?
Are your customers loyal and/or do you have many repeat visitors?
Is your new product unmistakably raising the standard of your product?