Category: Strategic Management

In a world where a Sri-Lankan based firm can provide unlimited tech support for $149 a year to a business owner in Sioux City, Iowa, no company can escape the new realities of global... competition or hide in its local markets anymore.

Even the German Mittelstands (small to mid-size firms), those powerful “hidden champions” I’ve extolled in past columns, are succumbing to global pressure. In February concrete pump manufacturer Putzmeister was acquired by its Chinese rival Sany.

And the founder of Putzmeister, Karl Schlecht, when asked a year ago by Hermann Simon, his friend and author of *Hidden Champions of

It's wise to spread your business risk.

A lot of people do not understand there is not a silver bullet and putting

If had to name a single characteristic shared by all the successful people I’ve met over a lifetime, I’d say it is the ability to