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