The importance of Hedgehog Concept..
Adopted from the following great insight shared by Jim Collins from the book Good to Great The HegdeHog concept highlighted in the book is the framework to follow to choose a profession that matches our passion
Adopted from the following great insight shared by Jim Collins from the book Good to Great highlights the Hedgehog Concept
Great organizations have an uncanny knack of communicating their WHY or the reason they exist , in an easily understandable manner.. The Hedgehog Concept is highlighted by three circles wherein the organization tries to operate at the common intersection point of these three circles.. The following three messages form the central theme of the threeContinue reading “Organizations that effectively communicate their WHY adhere to the Hedgehog Concept”
The key to success of great organizations with acquisitions is that the big acquisitions generally take place only after the development and understanding of the three circles in the Hedgehog Concept and after the flywheel has built significant momentum.. This is what they use acquisitions as a accelerator of momentum not a creator of theContinue reading “Great organizations use acquisitions to accelerate momentum not create it”
The great organizations use technology as the ACCELERATOR of momentum not the CREATOR of it.. Great organizations understand technology first and decide to adopt the relevant technology that aligns with the three circles of the Hedgehog Concept.. Adopted from Jim Collins”s book Good to Great , this is what makes great organizations so successful..
The great organizations as mentioned by Jim Collins in his book Good to Great follow the below simple mantra for any business decision.. “Anything that does not fit with the HEDGEHOG concept they do not do” They do not launch unrelated businesses , do not make unrelated acquisitions , unrelated joint ventures.. If it doesContinue reading “Great organizations follow this mantra while taking any business decision”
Firstly , the great organizations craft their strategies around deep understanding of the three circles mentioned in the Hedgehog concept: What can you be BEST in the WORLD at? What are you DEEPLY PASSIONATE about? Is the strategy ECONOMICALLY VIABLE? Secondly the great organizations translate their understanding into a simple , crystalline concept that guidedContinue reading “These are the two principles based on which great companies craft their strategies”
A council is a body of of wise men is elected by a Level 5 leader to zero in on the Hedgehog Concept that is best fit for an organization.. Listed below are the steps that are part of an iterative process which eventually helps shape the best suited Hedgehog concept for an organization.. AskContinue reading “Getting to the Hedgehog Concept is an iterative process”
The three circles highlight the concept.Great companies take all their decisions within the bounds earmarked by the three circles.. Adopted from Jim Collins’s book Good To Great