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Study: Digital pioneers of the “Mittelstand” 2019
Study: Germany’s fastest-growing and most profitable ‘Mittelstand’ companies 2019
November 10, 2019
Study: Stress Test “Mittelstand” 2020
April 29, 2020t +49 (0) 89 1250 1590
presse@munich-strategy.com
Dr. Constantin
Greiner
Ron
van den Akker
Dr. Constantin
Greiner
Ron
van den Akker
STUDY
11 / 2019
Digital pioneers 2019. Ranking of German “Mittelstand” companies with the highest digital performance and growth power.
In cooperation with business magazine WirtschaftsWoche, Munich Strategy and BLOOM have identified 50 companies that are “digital pioneers” in the German “Mittelstand”.
Munich Strategy and BLOOM have analyzed over 4.000 German companies with an annual turnover of 5 million to about 1 billion euros. The 50 companies with the highest “digital score” were selected out of 400 finalists. The digital score of a company is composed of its digital performance (2/3) and its growth power (1/3).
Excellent digital performance
The companies’ digital performance was analyzed based on 6 areas: online marketing, online presence, online sales, online customer service, physical product innovation and digital product innovation. The study shows: Digital pioneers show a consistently high performance in all areas while average “Mittelstand” companies are mainly focused on the product and concentrate on digital initiatives in the areas of physical product innovation and digital product innovation.
High growth power
The digital Pioneers’ revenue growth is five times as high as that of average “Mittelstand” companies, while EBIT growth is only twice as high. Especially digital marketplaces typically operate in a winner-takes-all market, where becoming the largest player is more important than short-term margins.
Three strategic groups
The digital Pioneers can be assigned to three strategic groups based on their main success patterns: “Customer journey champions” are able to achieve a superior customer experience by tracking and optimizing each point of contact in the digital customer journey. “Integrators” achieve best-of-both-worlds results by linking the physical and digital world in their product offering, e.g. via sensors, IoT, AI. “Disruptors” are able to unlock completely new markets, by innovating with digital business models in traditionally offline industries.
Content of the study
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Ranking of the top 50 companies including their annual turnover 2017/2018, digital score, location, industry and company focus
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Performance comparison between digital pioneers, average “Mittelstand” companies and DAX companies
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Additional analyses: growth power, company age, industries and regions
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Munich Strategy GmbH & Co. KG
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80333 München
t +49 – 89 – 1250 1590
presse@munich-strategy.com
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