Hidden Champions of Turkey

This chapter provides a qualitative analysis of five hidden champions in Turkey by taking an inclusive approach to market positions as well as management aspects. Hidden champions are highly innovative small-to-medium-sized companies with leading global market positions, mostly in their niche markets. The companies’ characteristics can be summarized as a global focus, a strong emphasis on consumers, talented and engaged employees, global and local market knowledge, participatory management, being open to change, lean thinking, compliance with ethical values, sustainability practices, quality standards, outstanding design skills and propensity for digital transformation. The analysis will shed some light on what makes these hidden champions competitive in international markets. The chapter provides five case studies by concentrating on Turkey’s emerging economy.