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The How of Business - How to start, run, grow and exit a small business.

426: Hidden Champions with Hermann Simon

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 13 June 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

What can we learn from the Hidden Champions - the medium-sized, relatively unknown companies that have quietly, under the radar, become world market leaders in their respective industries - with Hermann Simon.  Hermann, the man who coined the term Hidden Champions, and has studied and written about these companies for decades and shares what we can learn from them to help us grow our small businesses. Simon is the author of 40 books, including worldwide bestseller "Hidden Champions", first published by Harvard Business School in 1996. He recently publishing "True Profit!: No Company Ever Went Broke Turning a Profit" and his latest book is "Hidden Champions in the Chinese Century: Ascent and Transformation".

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business.

0:13.5

And now, here is your host.

0:15.7

Welcome to this episode of The How of Business.

0:17.9

This is Henry Lopez.

0:19.2

And my guest today is Herman Simon. Herman, welcome to the show.

0:23.6

Henry, I look forward to our discussion. So, so do I. So what can we learn from, as Herman has coined,

0:31.2

Hidden Champions, Hidden Champions are mid-sized, relatively unknown companies that have quietly under the radar become

0:40.4

world market leaders in their respective industries. And Herman Simon, the man who coined the term

0:46.2

hidden champions, he's studied and written about these companies for decades, and he's my guess

0:52.2

on this episode. To receive more information about the Howa Business, including links to the show notes

0:57.7

page for this episode and how you can continue supporting my show and receive

1:02.2

exclusive content and discounts through a Patreon membership, please visit thehowab business.com.

1:09.7

So Herman Simon is a PhD and is a world renowned, a management

1:14.3

thinker, consultant, pricing expert, and an entrepreneur and the leading authority on hidden

1:20.6

companies. And it's a business model as well. He is the founder and honorary chairman of Simon

1:26.6

Coutcher and Partners, the world's

1:28.4

leading price consultancy with over 1,700 employees and 42 offices worldwide. Simon is also

1:36.5

the offer of 40 books, that's 40, 40 books in 30 different languages, including worldwide

1:43.8

bestsellers Hidden Champions, which was first published by Harvard Business School in 1996. And most recently, True Profit, no company ever went broke turning a profit to profit as a seminal book on the ultimate objective of a business. And Simon's upcoming book,

2:03.1

which I've had a chance to preview, is Hidden Champions in the Chinese Century, Ascent and

2:09.5

Transformation. And it is an in-depth exploration of the ever-changing operating conditions, as well as

2:16.5

the greater uncertainty and volatility

...

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