Columns
January 29, 2016
Howard Yu is professor of strategic management and innovation at the IMD business school
By a Luxury Daily columnist
{"ct":"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","iv":"84137c1fd467f8d4d83a3bdf4f1c907f","s":"7cc9a4997b2824a5"}
Share your thoughts. Click here