Great organizations who adhere to the principles in the Hedgehog Concept undertake the process of budgeting with the following motive:
Adopted from Jim Collins’s book Good to Great
Great companies know how to operate at the intersection of the three circles that are part of the Hedgehog Concept. This is what educates great companies to execute once in a lifetime opportunities.
These three circles represent:
Once in a lifetime opportunities are evaluated by such companies within the bounds of this framework.Only if the opportunity falls in the intersection point of the three circles , then only great companies decide to go ahead with the opportunity..
Great companies stay away from the enticement of all such opportunities if they fall outside the bounds of the Hedgehog Concept..
Adopted from Jim Collins’s book Good to Great
Hedgehog Concept is the intersection point of the three circles involving the following principles:
The single most important form of discipline for sustained results is FANATICAL ADHERENCE to the Hedgehog Concept and willingness to avoid enticement from opportunities that fall outside the three circles , mentioned above.
Adopted from Jim Collins’s book Good to Great
A Culture of Discipline is about:
Getting Disciplined people who engage in Disciplined thought and who then take the Disciplined Action..
Adopted from Jim Collins’s book Good to Great
A culture of discipline involves this duality.
On one hand it requires people who adhere to a consistent system , on the other hand it gives people the freedom and responsibility within the framework of the system..
Adopted from Jim Collins’s book Good to Great
Adopted from the following quote of Cal Newport , author of Deep Work..
“In this new economy, three groups will have a particular advantage: those who can work well and creatively with intelligent machines, those who are the best at what they do, and those with access to capital.”
Adopted from the following great quote of Cal Newport , the author of the book Deep Work..
“Three to four hours a day, five days a week, of uninterrupted and carefully directed concentration, it turns out, can produce a lot of valuable output.”
Adopted from the following Wikipedia link & Neil Postman’s book Technopoly:
https://en.wikipedia.org/wiki/Technopoly
Technopoly: The Surrender of Culture to Technology is a book by Neil Postman published in 1992 that describes the development and characteristics of a “technopoly”. He defines a technopoly as a society in which technology is deified, meaning “the culture seeks its authorisation in technology, finds its satisfactions in technology, and takes its orders from technology”. It is characterised by a surplus of information generated by technology, which technological tools are in turn employed to cope with, in order to provide direction and purpose for society and individuals.
Adopted from the following great quote of Cal Newport , author of the book Deep Work..
“No one ever changed the world, created a new industry, or amassed a fortune due to their fast email response time.”
Adopted from the following great quote of Cal Newport , the author of the book Deep Work..
“Network tools are distracting us from work that requires unbroken concentration, while simultaneously degrading our capacity to remain focused.”