The role of innovation in the business activity of hidden leaders of the Polish economy

Abstract

Globalization and internationalization of the economy compelled the implementation of innovative solutions in companies. Only those organizations that regularly implement innovations have a chance to achieve significant market positions and survive in a competitive environment. The exemplification of such highly innovative companies are H. Simon’s hidden champions. In this publication, there was an attempt made to assess the activity of Polish innovative hidden champions. The results obtained confirm that this specific group of companies places a strong emphasis on innovation. This is evidenced by even such aspects as the number of new innovations, very high amounts spent on R&D or continuous observation of the market in order to discover new needs.