That Denmark has one of the world’s highest tax burdens,
shortest working weeks and most generous annual
holiday entitlements are widely accepted facts.
Other unusual features, including the exceptionally
high degree of unionisation and the obligatory inclusion
of employees on company boards, are well known
outside a country that is also renowned for its lack of
natural resources and its inhospitable climate.
However, the fact that Denmark is an extremely competitive
industrial nation that has spawned a host of the
world’s leading companies, is frequently overlooked.
This book tells the secret story of Denmark and a selection
of its world-leading companies.
As someone who has lived and worked outside my
home country for more than 40 years, I’ve often found
myself asked questions about Denmark as an industrial
nation. “Do you produce and export anything other
than butter and bacon?” is a typical fi rst question, and
a comment such as “aren’t most Danes farmers?” is
another classic remark.
Even after all these years (and my frequent efforts to
enlighten the world at large!), I am still surprised by the
general lack of knowledge about Danish companies
and Denmark’s role as an industrial nation.
When I have discussions abroad about the Danish
business environment, I often start by asking my non-
Danish colleagues whether they know any Danish
companies. In most cases, these foreign colleagues
need a lot of nudging to get to names such as Mærsk,
Bang & Olufsen, Carlsberg and Lego. By any measure,
Mærsk is a world leading company and is in a class all
of its own in Denmark. Bang & Olufsen, Carlsberg and
Lego are known because of their strong brands rather
than because of their size.
Thus, my conversations abroad about Denmark as an
industrial nation invariably follow the same pattern but
it is not without a sense of pride that I point out that
there are hundreds of small and medium sized Danish
companies that are number one, two or three globally
in their particular niches.
I often mention examples such as Vestas with 28 per
cent of the world market for wind turbines and Oticon,
Widex and GN Resound, three of the world’s six largest
manufacturers of hearing aids. People are genuinely
very surprised when I talk with great enthusiasm
about these and other Danish front runners. Even well
travelled business people have little idea of Denmark’s
position as a very competitive industrial nation with
hundreds of small and medium sized companies that
are world leaders.
In 2000, I became one of about 80 Goodwill Ambassadors
for Copenhagen. This was a great opportunity for
me to talk even more about Denmark as a highly competitive
industrial nation. It is our task to help promote
Denmark as an attractive place to do business.
In the course of this work, I have found that I need to
know much more about the subject to be able to better
answer the questions I’m asked. With this in mind, I put
a team together, which, supported by a great network of
people, organisations and companies, set out to write
this book about the country and the many fascinating
companies that represent industrial Denmark so well
in today’s global world.
The book does not pretend to be academic. It is an anthology
of stories and of different viewpoints. Our ambition
has been to tell the story about Industrial Denmark
in a manner that is both insightful and enjoyable to
read. We wanted to document how Denmark’s blend of
entrepreneurship, dedication and education has helped
it beat the odds and become a leader in many fields.
The book has been written by people who have a profound
collective knowledge of our subject matter. It is
the result of typical Danish teamwork with individual
footprints from all of the team members. I believe that
the many individual footprints make the book more
valuable. We have not dictated very strict guidance to
our contributors. We let them give their own views and
then just weeded out unnecessary overlaps and ensured
a measure of stylistic coherence.
The book is structured around two main features: a selection
of introductory or explanatory articles by invited
experts, interspersed with a collection of stories about
individual companies. The latter are not meant to be
comprehensive and fact-fi lled studies of an individual
company or its industry. Rather, they are brief narratives,
designed to give a fl avour of the companies concerned,
with some stories focusing on historical origins
and others scanning recent big developments.
As the book took shape, the sheer number of quality
companies that merited inclusion amazed the team.
Unfortunately, the constraints of space made for a
lot of tough choices – who was in and who was out.
Within the team, there was much discussion for and
against particular choices but in the end – in true Danish
fashion – we arrived at a consensus. We know our
final selection won’t suit everybody but we hope that
all readers will agree that the exercise was well worth
undertaking.
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