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Why Are There So Many Hidden Champions in Germany?

In: Hidden Champions in the Chinese Century

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  • Hermann Simon

    (Simon-Kucher and Partners)

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.

Suggested Citation

  • Hermann Simon, 2022. "Why Are There So Many Hidden Champions in Germany?," Springer Books, in: Hidden Champions in the Chinese Century, chapter 10, pages 57-61, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-92597-0_10
    DOI: 10.1007/978-3-030-92597-0_10
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