Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/196121
Authors: 
Rammer, Christian
Spielkamp, Alfred
Year of Publication: 
2019
Series/Report no.: 
ZEW Discussion Papers 19-012
Abstract: 
Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of German HCs. Based on a matching technique, we examine differences to other firms in terms of the firms' processes, position, and path. We find that HCs' competitive strategy rests on technology leadership and customisation. HCs are more open in their knowledge management, but without compromising control over the new product development process. HCs do not invest more into innovation, but achieve higher innovation success. The higher efficiency can be linked to their superior technological capabilities and to higher investment in human capital and HR management practices that mobilise the creative potential of their employees.
Subjects: 
Hidden Champions
Germany
Competitive Strategy
Knowledge Management
Innovation
Dynamic Firm Capabilities
JEL: 
L21
L25
M10
M21
O31
O32
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
File
Size
142.51 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.