China News Service, Beijing, August 23 (Reporter Peng Dawei and Li Jinlei) Chen Jin, professor of the Department of Innovation, Entrepreneurship and Strategy, School of Economics and Management, Tsinghua University, and director of the Technology Innovation Research Center, recently analyzed in the "East-West Question·China Dialogue" column of China News Agency, China's industrialization also relies on the idea of ​​"hidden champion".

　　The father of "hidden champions" and famous German management scholar Hermann Simon said that "hidden champions" refer to companies that are among the top three in the global market and whose profits are less than US$5 billion, but little-known companies.

The three pillars of ambition, expertise and globalization combined with a long-term strategy are the secret to the success of the Hidden Champions.

　　Chen Jin pointed out that the outstanding performance of Germany's "hidden champion" is due to the relatively high degree of industrialization in Germany.

China is still in the middle and late stages of industrialization, and it will continue to increase investment in technological depth.

At present, some Chinese enterprises have stepped up the development of specialization and new products or "hidden champions", but the number and development level of "hidden champions" still lag far behind Germany.

　　In his view, China's industrialization also relies on the idea of ​​"hidden champion".

In terms of key processes and raw materials, we must take the road of professionalism and emphasize the depth of technology.

Even in the era of digitalization, the core essence of digitalization is precision, which can accurately find market demand and find a suitable supply chain, including the integration of international business partnerships.

　　Chen Jin believes that digitalization also requires enterprises to use professional technology to complete a more professional and reasonable division of labor.

At the critical moment of the transition from industrialization to digitalization, the idea and system of "hidden champions" should be promoted and carried forward more in China, thereby helping Chinese enterprises to occupy an increasingly important position in the global manufacturing industry and the global industrial division of labor.

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