Titel: German Mittelstand discovers BRIC: A Survey of Product Strategies of German ‘Hidden Champions’ in China and India
Sprache: Englisch
Autor/Autorin: Tiwari, Rajnish
Buse, Stephan
Herausgeber: Indo-German Chamber of Commerce
Schlagwörter: India ; Mittelstand ; Hidden Champions ; BRIC ; Germany ; Frugal Innovation ; Affordable Excellence
Erscheinungsdatum: 2014
Verlag: Deutsch-Indische Außenhandelskammer
Quellenangabe: Issue 5, pp. 5-11
Zusammenfassung (englisch): An empirical survey conducted at the Hamburg University of technology (TUHH) shows the BRIC markets are perceived to be of high and growing strategic importance by German “Hidden Champions”. The survey suggests that many firms belonging to the German “Mittelstand” have just begun to realize the potentials of India as a strategic market. The survey reveals that such companies often try to target high-end, premium segments with products developed at the headquarters. An exclusive focus on affluent customers by firms enhances the risk of side-lining large customers groups that seek “affordable excellence”. Ignoring them might turn into a high-risk strategy in the medium to long run as the economy grows.
URI: http://tubdok.tub.tuhh.de/handle/11420/1292
URN: urn:nbn:de:gbv:830-88214214
DOI: 10.15480/882.1289
Institut: Technologie- und Innovationsmanagement W-7
Dokumenttyp: (wissenschaftlicher) Artikel
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