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Hidden Champions of Albania

In: Hidden Champions in Dynamically Changing Societies

Author

Listed:
  • Vasilika Kume

    (Tirana University)

  • Elona Garo

    (Tirana University)

  • Anisa Kume

    (The Ministry of Finance and Economy
    University of Tirana)

Abstract

Albania is a small country with limited business resources. As the country has suffered during a long economic transition, doing business in it is not quite easy. Companies are not yet willing to share their successes and failures due to cultural constraints and the business environment. During the early 1990s, Albanian business focused mainly on services and commerce as an easy way to get the return on investment in a short period. However, in recent years it is breaking into new areas where innovation and creativity are becoming essential. Entrepreneurs show maturity in protecting their achievements and are conscious that they needed to deal with numerous challenges to achieve success. Nevertheless, companies in Albania are not growing enough due to cultural constraints and the business environment. It was challenging to identify hidden champions that meet the conditions of Simon’s methodology in Albania in 2018.

Suggested Citation

  • Vasilika Kume & Elona Garo & Anisa Kume, 2021. "Hidden Champions of Albania," Springer Books, in: Alenka Braček Lalić & Danica Purg (ed.), Hidden Champions in Dynamically Changing Societies, edition 1, pages 67-84, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65451-1_7
    DOI: 10.1007/978-3-030-65451-1_7
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