Abstract
The chapter continues the discussion on the history of the development of hidden champions in Belarus that was started by Golenchenko and Daneyko in 2013. Extending the taxonomy of Belarusian hidden champions, the chapter discusses the context in which Belarusian hidden champions evolved and adapted their business models to a rapidly changing global environment. Based on in-depth interviews with founders, we present the case studies of three Belarusian hidden champions that substantially differ in terms of their history, strategy, and business model. In addition, getting a glimpse of the future, we make assumptions on sectors that may give rise to new hidden champions. Implications and recommendations for the government, business schools, and financial institutions are provided.
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Notes
- 1.
For further information consult https://www.doingbusiness.org/en/data/exploreeconomies/belarus
- 2.
According to the taxonomy developed in 2011, this group includes firms creating products based on R&D performed by Soviet research institutes and laboratories at universities and enterprises.
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Marozau, R., Aginskaya, H., Daneyko, P., Makayeva, N. (2021). Hidden Champions of Belarus. 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_8
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DOI: https://doi.org/10.1007/978-3-030-65451-1_8
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