Four lessons from BYD's rise – and why Tesla should be worried
BYD overtook Tesla’s EV annual market share in 2025 as it mastered unglamorous fundamentals and built capabilities sequentially while competitors chased disruption and moonshots....
Author
Howard Yu
Howard Yu, hailing from Hong Kong, holds the title of LEGO® Professor of Management and Innovation at IMD. He leads the Center for Future Readiness, founded in 2020 with support from the LEGO Brand Group, to guide companies through strategic transformation. Recognized globally for his expertise, he was honored in 2023 with the Thinkers50 Strategy Award, recognizing his substantial contributions to management strategy and future readiness. At IMD, Howard Yu co-directs the Strategy for Future Readiness program and the Future-Ready Enterprise program, which is jointly offered with MIT.
Latest publications
Share
Get fit for 2026: Why execution, not expenditure, is the key to success
According to the 2025 Future Readiness Indicator, companies that move fast and build efficient ecosystems have the best chance of success. Howard Yu and his team analyze the data ...
Audio available
Sustainability trends businesses must watch in 2026
In 2026, sustainability moves from lofty ambition to hard-nosed execution, driving resilience, competitiveness, and real business value. From circularity to AI-enabled energy systems and sustainable product design, IMD experts see action taking...