Mid- market sized European firms especially have always been caught in growth traps, reliant on the strength of thier domestic customers and the economies they operate within. If Germany and Europe are doing well, then the mid-market firms does well. These form the backbone of our industrial here in Europe.
In the past decade, or even more, this reliance and dependancies on the European growth engine have provide stable markets where the experience and history of these mid-sied firms has been constantly expanded in what they know- in adjacent products, regional extensions and incremental progress improvments- not through bold new market plays, there was largely this “no need” attitude.
It becomes a radically different story when the markets plateau and growth starts to flatten or become less predictable. That lost steady reliable growth momentum, increasing market vulnerability from cheaper suppliers, especially from China, the constant concerns over succession within smaller business, that growth uncertainty raises the risks.
The growing feeling of isolation and vulnerability needs a different change of mindset. From independence into different froms of collaboration, networks and business ecosystems.