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The role of sustained innovation in the competitiveness and longevity of Hidden Champions

Author

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  • John Bessant

    (Exeter University)

Abstract

This paper explores the case of Hidden Champion firms and in particular looks at the role which innovation plays in enabling them to sustain their position as internationally competitive organizations over a long period. It draws on primary and secondary material to explore six cases in detail and identifies five key attributes which make up their ‘innovation capability’ – building a strong knowledge base, developing extensive high performing networks of collaborators, embedding innovation routines to enable them to repeat the innovation trick, wide exploration of available innovation space and developing dynamic capability – the ability to review, reconfigure and change their innovation models and approaches to suit a constantly changing external environment.

Suggested Citation

  • John Bessant, 2019. "The role of sustained innovation in the competitiveness and longevity of Hidden Champions," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 95(01), pages 43-63.
    • Handle: RePEc:ekz:ekonoz:2019102
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    More about this item

    Keywords

    dynamic capability; entrepreneurship; hidden champions; innovation;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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