The Internet has brought unprecedented challenges to enterprises and the traditional management paradigm has gradually become invalid. So the establishment of a new management paradigm must be based on the characteristics of the Internet era. This paper focuses on the innovation of Haier’s RenDanHeYi Model，introducing the background of creating that model and analyzing how RenDanHeYi Model could reconstruct a new management system from four aspects：strategy，organization，mechanism and tool. Besides，the practice of RenDanHeYi Model in innovation and entrepreneurship，manufacturing，R&D，marketing and other fields is also mentioned. Finally，this article discusses the significance of Haier’s RenDanHeYi Model，that is，Chinese enterprises can completely surpass the western enterprises through model innovation and become the lead of the Internet of things.