The Secrets of the Hidden Champions

Hermann Simon

Chapter 10 in Many Worlds, One Life, 2021, pp 177-190 from Springer

Abstract: Abstract In 1987, the famous Harvard Professor Ted Levitt asked me: “Why is Germany so successful in exports?” What a question! I discovered that this success is not due to the well-known large German corporations, but to medium-sized world market leaders that few people have ever heard of. These unknown leaders are the true spearhead of the German economy. I coined the term “Hidden Champions” to describe them, and that term has entered the global management vernacular. It has 1.75 million hits on Google. No country has more Hidden Champions than Germany. Many countries, above all China, are trying to copy the Hidden Champions strategies. This chapter reveals their secrets.

Date: 2021
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DOI: 10.1007/978-3-030-60758-6_10

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