Extending the taxonomy of Belarusian Hidden Champions, the chapter discusses the context in which Belarusian Hidden Champions evolved and adapted their business models to rapidly changing global environment. Based on in-depth interviews with founders, we present the case studies of three Belarusian Hidden Champions that substantially differ in terms of their history, strategy and business model. In addition, getting a glimpse of the future, we make assumptions on sectors that may give rise to new Hidden Champions. Implications and recommendations for the government, business schools and financial institutions are provided.