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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Xiaomi to Set up Two Manufacturing Plants in India

Chinese smartphone maker Xiaomi has planned to set up two manufacturing plants in India and the company would be launching more devices in 2016.
The president of Xiaomi has said he would be spending a lot of time in India analysing the market.
"We believe it (China) will be a flat market, if not, even decline," said Bin Lin, co-founder and president at Xiaomi.
"We talked to Foxconn about opening two new factories, they are in discussions with some of the provinces (states)," the 48-year-old former Microsoft and Google executive added.
Headquartered in Beijing, China, Xiaomi is the world's fourth largest smartphone maker. Xiaomi designs, develops, and sells smartphones, mobile apps, and related consumer electronics.

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