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Hidden Champions in the Chinese Century
Book

Hidden Champions in the Chinese Century

Ascent and Transformation

Hermann Simon
Springer, 2022
First Edition: 2022

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Editorial Rating

8

Qualities

  • Well Structured
  • Background
  • Concrete Examples

Recommendation

Germany is an export powerhouse, thanks largely to its many small and midsize (SME) companies and their prominence in global markets. Consultant Hermann Simon examines these “Hidden Champions” and explains how they grew dominant and how they compete. He discusses globalization, Austrian and Swiss Hidden Champions, Chinese firms working in Germany, population shifts,  digitalization, sustainability, and more. Simon offers a fresh perspective and new information, which will particularly interest SME executives in Germany, China and the United States. The book’s title may make you think it is just about Chinese firms, but its scope is the larger role of SMEs.

Take-Aways

  • The phrase “Hidden Champions” originated in 1987, when academics probed the reasons for Germany’s global export dominance.
  • More than 3,000 Hidden Champions are at work in almost 60 countries. German-speaking countries make up the lion’s share.
  • Globalization enables smaller firms to succeed in new, cooperative business ecosystems.

About the Author

Hermann Simon is a management consultant and business professor, and the founder and honorary chairman of Simon-Kucher and Partners.

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