In the world of consulting, the Hidden Champion Award is particularly coveted, since it is based entirely on feedback from clients and industry experts. All persons surveyed are decision makers, most of them executives, directors, persons with budget authority and project leaders.
The “Hidden Champions” is undoubtedly the most popular study of the WGMB (Scientific Society for Management and Consulting). In 2020 it was issued for the seventh time. The goal of the study is to determine which highly specialized but comparatively unfamiliar consulting firms are credited by clients in their fields with higher expertise than the large market leaders, in a detailed survey of leaders in large and medium-sized companies.
Of the smaller management consulting firms, only a few enjoy sustained success in the face of competition from the big firms. Doing so requires outstanding visionary, analytical, and executional abilities.