How the Hedgehog Concept is made use of for budgeting in great organizations

Great organizations who adhere to the principles in the Hedgehog Concept undertake the process of budgeting with the following motive:

  1. All those areas that best fit the Hedgehog Concept are fully funded
  2. All those areas that do not fit the Hedgehog Concept are not considered for funding at all

Adopted from Jim Collins’s book Good to Great