The important influence and function of Xiaomi's business model innovation on a Xiaomi company

Xiaomi's business model innovation has important influences and functions on a Xiaomi company, such as improving market competitiveness, increasing user stickiness and establishing an ecosystem.

1, improve market competitiveness: Xiaomi has achieved rapid popularization and sales of products in the market through innovative business models, constantly improving market share and enhancing competitiveness.

2. Increase user stickiness: Xiaomi's business model innovation not only sells hardware products, but also includes Internet services, content, social interaction and other aspects, so that users can get more comprehensive services in the process of using Xiaomi products, thereby increasing users' loyalty to Xiaomi brand. And stickiness.

3. Establishing an ecosystem: Xiaomi has established an ecosystem through innovative business models, including hardware, software, services and other aspects, forming a closed loop and constantly attracting users, developers and partners, thus forming a virtuous circle.