Learn From The German Approach To Innovation

Learn From The German Approach To Innovation

Germany's Mittlestand companies or Hidden Champions are among the top three in the world in their industry, generate revenue below €5 billion, and are little known among the general public. This approach favors practical applications, science, and innovation aimed at adapting inventions to a specific industry. In contrast to the US, Germany's focus on innovation is aimed at improving productivity and empowering workers through consistent focus on long-term improvement. Internal company practices in Germany foster innovation and enable industries to democratize the idea and innovation process.

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