Factors in driving sustained economic growth: Lessons from Germany

Abstract

Purpose

This paper aims to review the factors in Germany’s economic growth and attributes these to the Mittelstand model driven by Hidden Champions.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Germany’s economic growth can be attributed to the “Mittelstand” model combined with the core strategies of the “Hidden Champions” – manufacturing high quality premium products to dominate market niches, creating and sustaining a highly-skilled labor force and investing in science and technology to maintain a sustained competitive advantage.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2018), "Factors in driving sustained economic growth: Lessons from Germany", Strategic Direction, Vol. 34 No. 8, pp. 18-20. https://doi.org/10.1108/SD-05-2018-0124