Suggested Reading

Hidden Champions of the Twenty-First Century

by Hermann Simon

Herman Simon defines “Hidden Champions” as medium-sized, unknown companies that have quietly, under the radar, become market leaders in their respective industries. Going inside more than a thousand hidden champions around the world, Simon reveals the common patterns, behaviors, and approaches that make these secretive companies successful by resisting popular management fads, and pursuing such common-sense strategies such as focusing on core capabilities (defining a narrow market), establishing long-term relationships with customers, innovating continuously, build a strong corporate culture, and developing a global presence. The hidden champions represent a clear contrast to the shortsighted practices that have brought many corporate giants crashing down, and prove that even management in the 21st Century should be based on healthy common sense.