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Hidden Champions: Audit and Strategy Development

In: Hidden Champions of the Twenty-First Century

Author

Listed:
  • Hermann Simon

    (Simon - Kucher & Partners)

Abstract

How can a strategy be developed that turns a company into a hidden champion? Where is the best place to start? What results does strategy development achieve? What is the role of consultants in this process? We will address these and similar questions in this chapter. There are naturally no standard answers. The lessons of the hidden champions are not a checklist to be worked through, automatically resulting in a strategy for success. There is not even a standard procedure for strategy development. The right approach, taking either the market or the company’s competencies as a starting point, must be determined for each case individually. Despite this warning against one-size-fits-all approach, the strategy development process usually encompasses the following stages:

Suggested Citation

  • Hermann Simon, 2009. "Hidden Champions: Audit and Strategy Development," Springer Books, in: Hidden Champions of the Twenty-First Century, chapter 11, pages 315-349, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-98147-5_11
    DOI: 10.1007/978-0-387-98147-5_11
    as

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