Hidden champions are highly successful small and medium-sized companies that are global leaders in terms of market share in their respective niches. Presenting the outcomes of an in-depth, multinational study on hidden champions in Central, Eastern, and Southeast Europe, Russia, China, Mongolia and Turkey, this book provides essential insights into the critical drivers of success, market leadership positions, competitive advantage, and core lessons learned on the road to business prosperity. It also addresses development needs in connection with management, financing and the regulatory environment, which can in turn be used to create recommendations for various stakeholders (e.g. governments, financial institutions, management development institutions).
CEEMAN and IEDC-Bled School of Management initiated the first survey of Hidden Champions in CEE and Turkey in 2011, which resulted in a book with the same title published with Springer in 2013, and two international conferences organized by CEEMAN in Vienna in 2011 and 2014. The current survey, conducted in 2018 and 2019, was prepared by 66 researchers in 22 countries (most of them CEEMAN members), including China and Mongolia. They studied 304 companies and identified 105 Hidden champions among them. Of these, 45 companies are "old" and 60 are "new" compared to 2011. More than 40 companies are expected to become Hidden Champions in the coming years.
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