Hidden Champions - new rules of the game in the age of China
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Why is Germany export per capita 2 times more than in France, 4 times more than in the United States, and 6 times more than in Russia? It"s not about the relics of large, well -known companies. The success of German exports is associated with the activities of hidden champions - little -known medium -sized companies. Hidden champions strive to be the best in their business, they combine a narrow specialization with globalization and hold a leading position in the world market.
However, hidden champions were faced with new time challenges. Hard competition from China led to the fact that many areas of activity had to be transferred to China, which occupies a leading position in various markets. The German hidden champions have already opened more than 2000 factories in China, but this was not enough. Other stages of the cost of creating cost, such as research and development, should also be transferred to China. Hidden champions are highly innovative companies. However, digitalization creates new difficulties for them. In addition, hidden champions will have to attract and hold qualified, loyal employees from different countries. For Russian medium -sized businesses, hidden champions are an ideal example to follow the optimal strategy and stable success in the age of China"s domination
However, hidden champions were faced with new time challenges. Hard competition from China led to the fact that many areas of activity had to be transferred to China, which occupies a leading position in various markets. The German hidden champions have already opened more than 2000 factories in China, but this was not enough. Other stages of the cost of creating cost, such as research and development, should also be transferred to China. Hidden champions are highly innovative companies. However, digitalization creates new difficulties for them. In addition, hidden champions will have to attract and hold qualified, loyal employees from different countries. For Russian medium -sized businesses, hidden champions are an ideal example to follow the optimal strategy and stable success in the age of China"s domination
Author:
Author:Simon German
Cover:
Cover:Hard
Category:
- Category:Business & Money
- Category:Science & Math
ISBN:
ISBN:978-5-905641-95-4
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