Abstract
The transition of Serbia’s economy started at the beginning of this century. It has resulted in an economy that is no longer dominated by large state enterprises. The private sector is becoming the backbone of its transformation and development. The hidden champions presented in this chapter are in different industry sectors. They produce furniture and equipment, bulbs, software and hardware tools, and plastic packing. These companies are competitive because they are no longer using information technologies as support for the value chain but as an integral part of it. Apart from being IT-focused, Serbia’s hidden champions also share other characteristics—their top-tier managers have all stated that they heavily invest in employee training and professional development, but also in their work-life balance. This is also followed by a strong employee retention record. They develop products and solutions for specific customer needs on a daily basis.
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- 1.
In constant international USD.
- 2.
Belgrade Nikola Tesla International Airport (IATA code: BEG), Niš Constantine the Great Airport (INI), and Kraljevo - Morava (KVO).
- 3.
Vinci Airports has been granted a 25-year concession in 2018 for a 501 million EUR fee.
- 4.
A steady growth has been registered in both services and goods sectors.
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Pitić, G., Savić, N., Erić, M., Lazarević, J., Kukić, Z., Marinković, E. (2021). Hidden Champions of Serbia. In: Braček Lalić, A., Purg, D. (eds) Hidden Champions in Dynamically Changing Societies. Springer, Cham. https://doi.org/10.1007/978-3-030-65451-1_24
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