>>212678375 >"Hidden champions" as a term was first conceptualized and published in a German journal for business administration in 1990 by Hermann Simon, a German business professor and management consultant. The concept refers to highly sucessful companies, often market leaders in their respective fields and not known to a wider public. According to Simon, three criteria must be met in order to be considered a hidden champion; (1) the company either has to be positioned in the top three of the global market or take the top spot on its continent in terms of market share, (2) the company's revenue must not exceed $4 billion, and (3) the company must have a low level of public awareness. >Given the third condition, hidden champions often are small and medium- sized enterprises, they often are part of the so-called Mittelstand. What is more, Simon found that these companies provide a high vertical integration of manufacture, they focus on niche markets and show willingess and high ability to globalize in those markets. Together, Austria, Germany and Switzerland boast the world's highest concentration of small and medium-sized businesses that have a global market leader position in their respective industries. Their remarkable success is derived from a variety of factors, including a strong focus on manufacturing and production or strong in-house research and innovation capabilities, but also from a highly skilled labor force
Anonymous
7/12/2025, 11:41:35 AM No.212678784
Who gives a shit about this made up category for fags?