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Why Are There So Many Hidden Champions in Germany?

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Hidden Champions in the Chinese Century

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Abstract

The fact that Germany has so many Hidden Champions is not due to one cause but has many historical roots. For a long time Germany consisted of many small states, which forced ambitious entrepreneurs to internationalize quickly. The German vocational training is unique. The country has maintained its manufacturing base and has many regional business ecosystems. A central location, mental internationalization, as well as the reputation of "Made in Germany" contribute to the success of the German Hidden Champions. 

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Notes

  1. 1.

    The trade balance is the difference between exports and imports. The more a country produces internally, the more it can export, and the less it needs to import.

References

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Authors and Affiliations

  1. Founder and Honorary Chairman, Simon-Kucher and Partners, Bonn, Germany

    Hermann Simon

Authors
  1. Hermann Simon
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Simon, H. (2022). Why Are There So Many Hidden Champions in Germany?. In: Hidden Champions in the Chinese Century. Springer, Cham. https://doi.org/10.1007/978-3-030-92597-0_10

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