Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapmen...Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapment in low-value-added production,and driving industrial upgrading.Given the distinct market environment in which China’s hidden champions have emerged,it is both timely and practically significant to examine their growth trajectories and underlying mechanisms.This study adopts a resource allocation perspective to investigate the development path of Chinese manufacturing enterprises into hidden champions,using a vertical case study of Hailiya Group.The findings reveal that such enterprises achieve hidden champion status by vertically concentrating on niche markets while harnessing technological potential and horizontally diversifying their technology application scenarios.Their growth follows a“T-shaped”strategy,combining vertical specialization in a focused market with horizontal expansion into new applications.Four critical mechanisms underpin the rise of manufacturing hidden champions:market niche positioning,innovation-driven focus,application scenario expansion,and ecosystem development.Specifically,these enterprises strategically target niche markets,establish a technology-oriented competitive edge,broaden technology applications to unlock new profit opportunities,and develop collaborative ecosystems to share resources and drive industrial advancement.This paper not only extends the interpretive boundaries of resource allocation theory but also offers fresh insights into the emergence of Chinese manufacturing enterprises as hidden champions,enriching our understanding of their unique growth dynamics.展开更多
基金supported by the following projects:The Youth Project of the National Natural Science Foundation of China(NSFC)“Research on Chinese Multinational Companies’Componovation under Resource Constraint:From a Dynamic Circulation Logic of Home and Host Countries”(Grant No.72102030)The Research Project of Humanities and Social Sciences of the Ministry of Education“Research on Chinese Multinational Companies’Learning by Doing Mechanism under Resource Constraint”(Grant No.21C10173022)The General Project of the China Postdoctoral Science Foundation“Research on the Realization Path and Motivations for the Domestic Replacement of Core Technologies for Chinese Manufacturing Enterprises”(Grant No.2022M720975).
文摘Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapment in low-value-added production,and driving industrial upgrading.Given the distinct market environment in which China’s hidden champions have emerged,it is both timely and practically significant to examine their growth trajectories and underlying mechanisms.This study adopts a resource allocation perspective to investigate the development path of Chinese manufacturing enterprises into hidden champions,using a vertical case study of Hailiya Group.The findings reveal that such enterprises achieve hidden champion status by vertically concentrating on niche markets while harnessing technological potential and horizontally diversifying their technology application scenarios.Their growth follows a“T-shaped”strategy,combining vertical specialization in a focused market with horizontal expansion into new applications.Four critical mechanisms underpin the rise of manufacturing hidden champions:market niche positioning,innovation-driven focus,application scenario expansion,and ecosystem development.Specifically,these enterprises strategically target niche markets,establish a technology-oriented competitive edge,broaden technology applications to unlock new profit opportunities,and develop collaborative ecosystems to share resources and drive industrial advancement.This paper not only extends the interpretive boundaries of resource allocation theory but also offers fresh insights into the emergence of Chinese manufacturing enterprises as hidden champions,enriching our understanding of their unique growth dynamics.
