Lesson from German Mittelstand Companies
I just read an interesting article from Inc. magazine that discussed about Mittelstand in German. Mittelstand in German are companies which are family-owned, small to midsize manufacturing companies. Until now, Mittelstand companies contribute to 52% of German’s economic output and almost 2/3 of jobs. The characteristic of Mittelstand is quite special compared to companies from America or another countries, such…
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