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Title: Hidden Champions: Lessons from 500 of the World's Best Unknown Companies by Hermann Simon ISBN: 0-87584-652-1 Publisher: Harvard Business School Press Pub. Date: May, 1996 Format: Hardcover Volumes: 1 List Price(USD): $32.50 |
Average Customer Rating: 4.67 (6 reviews)
Rating: 5
Summary: They Know Who and Where They Are
Comment: 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."ÿ
Rating: 5
Summary: Eliminate Stalled Thinking About World Business Leadership
Comment: Many of us become aware of a few models of how to prosper. Magazines like Fotune, Forbes, and Business Week are one example; and they help us understand the e-commerce start-ups and the really LARGE companies. Books about successful leaders help as well (Jack Welch and Warrren Buffett books abound). Enrepreneurs are featured in other magazines like INC. What we get very little of is information about outstanding small and medium sized companies around the world who do things according to other ways of succeeding. This very large information gap is greatly improved by reading THE HIDDEN CHAMPIONS. If you have read and liked BUILT TO LAST, CUSTOMERS.COM, THE INNOVATOR'S DILEMMA or MANAGEMENT CHALLENGES FOR THE 21ST CENTURY (all are excellent books: be sure to read them if you haven't yet), be sure to add THE HIDDEN CHAMPIONS. This book is the sort of superb research that will stimulate your thinking about new models for how to succeed and prosper. The book is easy to read and understand, and you will learn about a lot of very well run businesses that you currently do not know about. You have a real treat ahead of you!
Rating: 5
Summary: Not only Fortune 500 companies deserve the spotlight
Comment: A nice change to the many many books and essays on how a Fortune 500 company did great. These small and medium sized companies are fantastic examples of what the core ingredients of a succesfull strategy are. Especially in times in which small technology companies conquer the world, the insights from the Hidden Champions are a must-read!
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Title: Built to Last : Successful Habits of Visionary Companies by Jim Collins, Jerry I. Porras ISBN: 0060516402 Publisher: HarperBusiness Pub. Date: 20 August, 2002 List Price(USD): $17.95 |
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Title: The Vulture Investors, Revised and Updated by Hilary Rosenberg ISBN: 0471361895 Publisher: John Wiley & Sons Pub. Date: 21 January, 2000 List Price(USD): $39.95 |
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Title: Trading Up: The New American Luxury by Michael Silverstein, Neil Fiske ISBN: 1591840139 Publisher: Portfolio Pub. Date: 09 October, 2003 List Price(USD): $26.95 |
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Title: The Innovator's Solution: Creating and Sustaining Successful Growth by Clayton M. Christensen, Michael E. Raynor ISBN: 1578518520 Publisher: Harvard Business School Press Pub. Date: September, 2003 List Price(USD): $29.95 |
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Title: The Intelligent Investor: The Definitive Book On Value Investing, Revised Edition by Benjamin Graham, Jason Zweig ISBN: 0060555661 Publisher: HarperBusiness Pub. Date: 08 July, 2003 List Price(USD): $19.95 |
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