|
Movies Books Music Food Tv Shows Technology Politics Video Games Parenting Fashion Green Living more >

Lunch » Tags » Books » Reviews » Hidden Champions: Lessons from 500 of the World's Best Unknown Companies » User review

They Know Who and Where They Are

  • Jan 12, 2000
Rating:
+5
What can be learned from 500 German companies, most of which you have probably never heard of? Actually, a great deal. The book is Hidden Champions and ts author is Hermann Simon. He explains that his book "reveals the secrets of success of the best of the best unknown companies." They are unknown, for the most part, because that's the way they want it. They "relish their obscurity. They shy away from publicity, some through explicit policies of not dealing with the press --or, by the way, with academic researchers!" such as the author. Simon selected them according to three criteria: They must be #1 or #2 in a world market or in their European market; they must be small-to-midsize; and they must have low public visibility.

In Chapter 11, the final chapter, Simon carefully reviews various "lessons" which can be learned from "hidden champions." He categorizes them as follows: Lessons for Large Corporations, Lessons for Champion Corporations, Lessons for Diversified Corporations, Lessons for Small Companies, Lessons for Investors, and General Qualitative Lessons. He concludes: "The hidden champions go their own ways. Their procedures are quite different from those of other companies and of modern management teaching. Essentially, their only secret success formula is common sense. So simple, but so difficult to achieve! This is the ultimate lesson."

Simon is to be commended for drawing attention to "champions" who know who and where they are...even if we didn't until now. His book is well-written, the content is substantial, and the lessons to be learned from these "champions" have immense potential value. However, as Coach Darrell Royal once observed, "potential" means "you ain't done it yet."ΓΏ

What did you think of this review?

Helpful
0
Thought-Provoking
0
Fun to Read
0
Well-Organized
0
Post a Comment
About the reviewer
Robert Morris ()
Ranked #169
Professionally, I am an independent management consultant who specializes in accelerated executive development and breakthrough high-impact organizational performance. I also review mostly business books … more
Consider the Source

Use Trust Points to see how much you can rely on this review.

You
Robert1936
Your ratings:
rate more to improve this
About this book

Wiki

German business consultant Simon suggests that there is much to learn from studying the practices of lesser-known companies that have quietly succeeded in unique or specialized market niches. Because Simon is based in Bonn, most--but not all--of his examples are German. They all are, however, relatively unknown, small or midsize, and worldwide leaders in their markets, making mundane products, such as bottle-labeling machines, model railways, incense, potting soil, and museum display cases. Using secondary sources, printed company materials, a mailed questionnaire, and personal interviews, Simon discovered that these companies grow slowly, compete in stable markets, are long-lived, tend to be family owned or closely held, and prefer to shun publicity to avoid attracting competition. They also concentrate on developing their own specialties, avoiding such currently popular management practices as diversification, strategic alliances, and outsourcing. Simon's findings run counter to much of what today's management literature advocates, and they should attract attention!David Rouse
view wiki

Details

ISBN-10: 0875846521
ISBN-13: 978-0875846521
Author: Hermann Simon
Publisher: Harvard Business School Press

First to Review
© 2014 Lunch.com, LLC All Rights Reserved
Lunch.com - Relevant reviews by real people.
()
This is you!
Ranked #
Last login
Member since
reviews
comments
ratings
questions
compliments
lists