Tag: Hedgehog vs Fox
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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..
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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…
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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: 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 guided…
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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…
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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. What are you DEEPLY PASSIONATE about? WHAT you CAN be BEST in the…
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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…