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| Hidden Champion: the Trend of Technological Transformation of Small and Medium Sized Enterprises in International Competition Perspective |
| Zhu Wei, Chen Huihui, Chen Xiaoyu |
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Abstract Based on the theory of enterprise life cycle, this paper summarizes the demands for the reform of the current domestic S&T SMEs cultivation policy, and analyzes the connotation and characteristics of the hidden champion, as well as the significance of hidden champion to China. On the basis of analyzing the development of the hidden champion at home and abroad, and comparing the differences between China and Germany, this paper takes "five forces model" as the core theory, and puts forward some pertinent suggestions for strategies of cultivating hidden champion in China.
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