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Hidden Champions: The Definition

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Hidden Champions in the Chinese Century
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Hidden Champions occupy one of the top-three ranks in the world market or are the no. 1 on their continent. Their turnover is less than €5 billion and they are not well-known in the public. This definition has become the standard in academic literature and research

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    Fortune, August/September 2020.


  1. Julian Schenkenhofer, J. (2020). Hidden champions: A review of the literature and future research avenues. Working Paper Series 06-20, Chair of Management and Organization, University of Augsburg, p. 9.

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Simon, H. (2022). Hidden Champions: The Definition. In: Hidden Champions in the Chinese Century. Springer, Cham.

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