Hermann Simon wrote one of the most definitive books on privately held growth firms called Hidden Champions of the 21st Century. He studied thousands of little known mid-market firms that dominate their niches globally. There are over 2700 of these companies worldwide, and almost half are from Germany. The Hidden Champions concept attracts attention worldwide. In the last ten years, the 1300+ German Hidden Champions have created one million new jobs.
What can we learn from the Hidden Champions? What are they doing differently from large corporations and many privately held companies? The answer is “Almost Everything!” Here are the seven most important lessons from which any company – large or small – can benefit.