Xiaomi Rise to the Top of the Internet of Things
Xiaomi joined the highly competitive mobile industry in 2010 without ever releasing a physical device. Only a free Android-based operating system was available from the business (OS). Xiaomi , on the other hand, is one of the world's leading handset manufacturers in only seven years, with a turnover of $15 billion. Xiaomi accelerated its development rate and became the world's largest commercial IoT (Internet of Things) company by 2020, with sales exceeding $37 billion and over 210 million IoT products (excluding smartphones and laptops) sold in more than 90 countries.
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How did Xiaomi achieve such rapid growth, and what would other businesses benefit from Xiaomi's success?
Organizing operations to focus on the most important value proposition
Cooperation with customers
Synergy of IoT in the Home
Collaboration for others
How did Xiaomi achieve such rapid growth, and what would other bus...