Mark
I like the question and am going to handle it sentence by sentence: "What is stopping your competitors from blatantly stealing your article and publishing it on their own website virtually word for word."
Nothing can stop anyone from doing this. Frankly, I could copy your question and put it on Moz as mine. It would probably take at least a few minutes for someone at Moz to catch it and take it down. But, nothing can stop me from doing it if I care less about the consequences.
"If your competitors website gets indexed by Google before yours than surely Google will see your hard work and cost as duplicate content."
First, this is an assumption many make and I do not necessarily agree with it. Second, within copyright law there are work products you can save over time that can assist you (but they are not foolproof) with a claim against someone, there are timestamps in many CMS systems that show when a doc was written, published, etc., You could resubmit a sitemap as soon as you publish, you could fetch as Google as soon as you publish (not the intent of fetch as Google, but you could), you can submit for copyright for $35US if you are in the U.S. (and if you had ten articles on the same site you could submit them all for the same $35), that submission to register would protect you, etc.
**Should site owners be worried about this type of practice? **Only if they care about:
- their site(s),
- their work,
- their client's work,
- the fact that until someone stands up to a bully, he keeps on being a bully.
_How do we safeguard ourselves from this type of practice?_rel=author, rel=publisher
By utilizing these correctly, the moment you publish to the Internet, this is your article. Yes, someone else could take it and rewrite it, etc and then use rel=author (I know this because with the syndication services/news agencies "sharing content" we have had their authors take our content and place their byline on it - no we are not members of any syndication service so I call that theft even though the person is so used to being able to do that with articles written by others in the service they think they can do it to anyone.) but, in the end you have a record of being the one who first put it on the web and that you are the author.
Next, I think if your piece is valuable enough to you, you will copyright it. Value is your definition. With that copyright, you can report them to Google or Bing or Yahoo, etc. as taking copyrighted content and Google will eventually take action. REMEMBER - I am not talking about a copyright where you stuck a circle with a 'C' in it on your page; I am talking about a registered copyright. If they are hit with enough reports they are doing this the penalties for violating TOS can be severe.
Hope this helps you out,
Robert