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Tag: Hedgehog vs Fox

  • Aligning use of technology with the Hedgehog Concept

    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..

  • Great organizations follow this mantra while taking any business decision

    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 does not fit they do not do..

  • These are the two principles based on which great companies craft their strategies

    • Firstly , the great organizations craft their strategies around deep understanding of the three circles mentioned in the Hedgehog concept:
      1. What can you be BEST in the WORLD at?
      2. What are you DEEPLY PASSIONATE about?
      3. Is the strategy ECONOMICALLY VIABLE?
    • Secondly the great organizations translate their understanding into a simple , crystalline concept that guided all the efforts

    Adopted from Jim Collins’s  book Good to Great

  • Hedgehog vs Fox , whom do great organizations replicate?

    Whereas a Hedgehog is FOCUSED towards its goal , a FOX even though more powerful and cunning works in a Scattered , diffused and inconsistent manner..

    A company which adopts a HEDGEHOG concept is focused like a hedgehog knowing their own limitations and operate within the bounds of the Hedgehog framework..

    Companies which have potential to be great but never quite reach there are like foxes wherein in spite of being street smart they cannot quite be disciplined to be within the bounds of the Hedgehog Framework..

    Adopted from Jim Collins’s book Good to Great

  • Infinite minded players follow the these three principles religiously

    As mentioned by Jim Collins in his book Good To Great , the following are three key concepts that are part of Hedgehog Concept so religiously followed by infinite minded companies in the modern age infinite game to stay ahead of peers.

    1. What are you DEEPLY PASSIONATE about?
    2. WHAT you CAN be BEST in the WORLD at?
    3. What drives your ECONOMIC ENGINE?

    The intersection point of these three concepts is where these organizations focus on to stay ahead of the competition with full focus.

    Concepts adopted from Jim Collins’s book Good to Great and Simon Sinek’s book The Infinite Game

  • How can we extend HEDGEHOG CONCEPT to BUSINESS?

    The Hedgehog Concept is based on an ancient Greek parable that states, “The fox knows many things, but the hedgehog knows one big thing – to defend itself from the fox.” The insight highlights how to extend the Hedgehog Concept to business.

    Source : https://www.mindtools.com/pages/article/hedgehog-concept.htm

    Hedgehogs, simplify the world and focus on a single, overarching vision, which they then achieve.

    Jim Collins in his book Good To Great extends this concept to the world of business.According to him the iconic companies who have survived the test of time have applied the Hedgehog concept whereas their more fancy competitors have been like foxes and have not quite been able to survive the test of time.

    The following three concepts are core to the Hedgehog circle , which are religiously followed by these iconic companies:

    1. What are you DEEPLY PASSIONATE about?
    2. What drives your ECONOMIC ENGINE?
    3. What you CAN BE THE BEST in the WORLD at?

    Practicing the concepts in this circle helps these companies focus on their strengths without being bothered by competition.