Hidden champions are relatively small but highly successful companies that are concealed behind a curtain of inconspicuousness, invisibility, and sometimes secrecy. The term “Hidden Champions” was coined by Hermann Simon. 16 Nov Hidden Champions of the 21st Century. Prof. Dr. Dr. h.c. Hermann Simon. The Success Strategies of Unknown World Market Leaders. Hidden Champions of the Twenty-First Century has ratings and 8 reviews. Kristi said: I thought that the subject Hermann Simon. Hidden Champions of the .

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The Secrets Of The Hidden Champions

This book brings about brilliant points and takes into considerations companies operating in super niche markets and being world market leaders in those markets. To them, market leadership means more than market share. John Nee rated it it was amazing Jun 01, In the German language area he was voted the most influential management thinker after the late Peter Drucker.

But your potential for real improvement, for breakthrough innovations seems to be exhausted. Open Preview See a Problem? Success Strategies of unknown World Market Leaders. January Learn how and when to remove this template message.

Many of them come from the German-language and Scandinavian countries that often dominate the world of global exports, but they also appear all over the world. It needs restructuring hisden the society.


Their markets are mostly oligopoly with intensive competition. So you could see here, weakness of Taiwanese companies when hfrmann comes to protecting your intellectual property and your know-how in the future.

A lot of the hidden champions established their main product as an innovation and were able to keep this single position in the market, or were at least able to keep a leading position. Even twice as much as the global top spenders.

Hidden champions

Cost Competitiveness The third factor is cost competitiveness. To see what your friends thought of this book, please sign up.

The leaders identify themselves with the company, are focused on their products, and stay for a long time, much simn than is normal in large public corporations. For these markets they design unique products, which are produced with a high real net output ratio.

With manufacturing, you can still create jobs in the whole market, and participate in the growth of emerging countries by exporting. They also have more women in top positions, and have very high continuity, with the average of 20 years for leaders of Hidden Champions, 3 times longer than the average continuity of leaders in large corporations.

Hidden Champions of the 21st Century | Hermann Simon | Soundview Book Review

It looks at the strategies, operations, and leadership of some of the world’s most successful companies – many of which I was not familiar with. You also see here, represented by Spain, that Southern Europe here is very weak. And here you see that Germany is way ahead. China, each per capita in comparison for China, is champoins.


Oct 22, Kristi rated it liked it Shelves: The core is strong leadership with ambitious goals. Simplicity in processes and organizational structures is another lesson.

The German Miracle Keeps Running: My account My Account.

Simon declares the common traits as the success factors of these companies. Sanjeev Panda rated it really liked it Jan 25, That might be unfair, since it is primarily marketed as a business strategy book, not as a work of social science. He first used the term as a title of a publication in a scientific German management journal, describing the small, highly specialized world-market leaders in Germany.

Invalid Email Address Email Address. Hidden Champions are definitely worth exploring.