Innovation can lead to a merging of technologies to create better, faster, and more customer-centric solutions. Coupled with advancements in IoT and Industry 4.0, business innovation can lead to entirely new products and services whose benefits are greater than the sum of their parts.
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How Xiaomi Became an Internet-of-Things Powerhouse
Unlike other smartphone makers, who co-located their stores at the “telecom street” (an area dedicated to telecom stores), Xiaomi set up its stores in locations with high foot traffic, like malls, where its new target consumers were likely to shop.Also, selling a va... - via Haiyang Yang @ hbr.org
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