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Hidden Champions of the Twenty-First Century
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What do Tetra aquarium supplies, Elector-Nite sensors, and Nissha touch panels have in common? They are typical hidden champions , medium-sized, unknown companies that have quietly, under the radar, become world market leaders in their respective industries. Going deep inside more than a thousand hidden champions around the world, Hermann Simon reveals the common patterns, behaviors, and approaches that make these secretive companies successful by bucking today s management fads, and pursuing such common-sense strategies as focusing on core capabilities, establishing long-term relationships with customers, innovating continuously, rewarding employees for performance, and developing a global presence. In turbulent economic times, the hidden champions represent an antidote to the short-sighted and excessive practices that have brought many corporate giants crashing down, and may well serve as the new role models for sustainable economic growth.
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