Hidden Champions (HCs) are small- and medium-sized global market leaders that repeatedly show superior innovation … capabilities and economic performance. However, empirical evidence on how the digital transformation may affect their success story … remains scarce. I argue that HCs show stronger dynamic capabilities which enables them to be better prepared for the digital …

. While the individual effects of engaging in the listed practices on firm innovation are well-understood, the existing … sample of innovation-active firms from the German Community Innovation Survey, which includes information on the development … of standards, enhanced with information on firms' engagement in patenting and publishing. We find that 26% of innovation …

product innovation is stronger when firms provided feedback at the interim stages. In contrast, whether and how firms set … milestones was not associated with the likelihood of product innovation. The marginal effect of feedback was larger for new …-to-market product innovation than for new-to-firm product innovation, and the feedback from non-R&D organizations within the firm in the …

paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on … 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 …