Innovation is not about "one new trick and it will be popular all over the world", but continuous improvement. Sixth: Be adjacent to the strongest. This is a very interesting discovery. Hidden champio

Innovation is not about "one new trick and it will be popular all over the world", but continuous improvement. Sixth: Be adjacent to the strongest. This is a very interesting discovery. Hidden champion companies are often in the same region or even the same city. Competition in the same city is actually world-class competition, and the strongest opponents are all together. The most powerful rival can push you to become a world leader. Take the German automobile industry as an example. Mercedes-Benz, BMW, and Audi are all very close to each other. They know each other well and have been pushing each other forward. Hidden champions continue to create their own strategic and competitive advantages in terms of product quality and service. They always maintain close contact with their strongest opponents, and sometimes in order to maintain the vitality of their own companies, they will take the initiative and maintain their industry status at all costs. Seventh: "Everything must be done personally" We often hear the cliché from management scientists: It is best for us to leave a lot of business to others and only complete the core part ourselves. But the hidden champions believe that excellent quality requires them to have special attainments and special depth in product processing and manufacturing. So, they do everything they can on their own. For example: Chupa Chups produces about 80% of its machines in-house. Why would a company that makes candy produce its own machines? They believe that even if you position yourself as a manufacturer of end consumer products, you can still take one or two steps further along your own value chain. Although you have paid a price, it can bring you unique value in terms of end product value that others do not have, and others cannot imitate it! This leaves us with a deeper inspiration: all original things must be accomplished by relying on one’s own internal strength. If your resources are bought from the market, then Zhang San and Li Si can also be bought. If you want to truly become a unique leader, much must be discovered from within. Hidden champion companies do not believe in strategic alliances and are not keen on business outsourcing. They believe that the real competitive advantage lies in some things that only they can do. (Motto) Hidden champions believe that the real competitive advantage lies in the fact that there are things that only they can do.