Called the Mittelstand in German, this class of highly specialized, often family-owned businesses makes up the backbone of the national economy. Germany is ranked fourth in the global economy, but it’s home to only 28 companies in the Fortune 500. Great Britain and France each have more. But when it comes to little-known leaders in their market, Germany has 1,307 “hidden champions,” nine times as many as those two countries combined.
I skate to where the puck is going to be, not where it has been.