The distinct features of hidden champions in Germany: A dynamic capabilities view

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 19-012

Classification and Topics

• Classification: Wirtschaft ; Business Objectives of the Firm ; Firm Performance: Size, Diversification, and Scope ; Business Administration: General ; Business Economics ; Innovation and Invention: Processes and Incentives ; Management of Technological Innovation and R&D
• Subject: Hidden Champions ; Germany ; Competitive Strategy ; Knowledge Management ; Innovation ; Dynamic Firm Capabilities

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Rammer, Christian ; Spielkamp, Alfred
• Event: Veröffentlichung
• (who): ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
• (where): Mannheim
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/196121
• Last update: 10.03.2025, 11:43 AM CET