Hidden Champions: Audit and Strategy Development

Hermann Simon ()
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Hermann Simon: Simon - Kucher & Partners

Chapter 11 in Hidden Champions of the Twenty-First Century, 2009, pp 315-349 from Springer

Abstract: How can a strategy be developed that turns a company into a hidden champion? Where is the best place to start? What results does strategy development achieve? What is the role of consultants in this process? We will address these and similar questions in this chapter. There are naturally no standard answers. The lessons of the hidden champions are not a checklist to be worked through, automatically resulting in a strategy for success. There is not even a standard procedure for strategy development. The right approach, taking either the market or the company’s competencies as a starting point, must be determined for each case individually. Despite this warning against one-size-fits-all approach, the strategy development process usually encompasses the following stages:

Keywords: Strategy Development; Harvard Business School; Market Leader; Special Market; Volume Market (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-98147-5_11

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DOI: 10.1007/978-0-387-98147-5_11

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