Hidden Champions of Lithuania

Erika Vaiginienė (), Rasa Paulienė () and Laima Urbšienė ()
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Erika Vaiginienė: Vilnius University
Rasa Paulienė: Vilnius University
Laima Urbšienė: Vilnius University

A chapter in Hidden Champions in Dynamically Changing Societies, 2021, pp 239-261 from Springer

Abstract: Abstract Lithuania is going through tremendous economic changes, from an agrarian country to an innovation-driven economy. Current World Bank data demonstrate the growth of high-technology exports, a small proportion of agricultural raw materials exports, and a quite high percentage of exports to high-income economies. Policy makers also demonstrate efforts to improve the business environment in Lithuania, which makes the Lithuanian economy attractive for the development of hidden champions. This chapter reviews the development of the Lithuanian economy in the context related to the success of hidden champions in Lithuania. An analysis of five cases of Lithuanian’s hidden champions reveals the financing and regulatory environment development needs in Lithuania. Also, the chapter highlights the market leadership and competitive advantages of Lithuanian hidden champions and discusses their success stories, learned lessons, and management and leadership development needs. Lithuania’s hidden champions’ case study results demonstrate that sensitivity to customer problems and high appreciation of the employees are of high importance for market leadership success.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65451-1_17

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DOI: 10.1007/978-3-030-65451-1_17

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