If you’re looking for companies with the greatest global market share, throw away the usual top ten lists. The real superperformers are what Hermann Simon calls “Hidden Champions”, firms that relish their anonymity and approach success in unconventional ways. In this article, he summarizes highly contrarian findings in nine points: 1. Authoritarian-Participative Leadership 2. Overambitious Goals 3. Reliance on Own Strength 4. More Work Than Heads 5. Extreme Innovation 6. Narrow Market Focus 7. Rigorous Globalization 8. Little Marketing Professionalism 9. Closeness to Competitors
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this article is based on the book by the author titled, Hidden Champions: Lessons from 500 of the World’s Best Unknown Companies.