Despite mediocre macro-economic performance of the German economy, German companies are successful players in global trade. This article explores the strategies of one of the pillars of this export success, the "Hidden Champions", Our empirical analysis focuses on leading medium size companies...

Empirical evidence, especially in case studies, shows that individual leaders often have a crucial role in successful enterprise transformation in transition economies. Conventional economic analysis of corporate governance alone cannot explain this role of leadership. In this theoretical paper...