The Hedgehog Concept
I need to find my “one big thing”
In Good to Great, Jim Collins introduces the Hedgehog Concept as a key insight into taking a good company to greatness. The idea is to develop your strategy along three key dimensions and then to crystallize that into one concept that guides all efforts. The analogy to the hedgehog comes from an parable about a fox and a hedgehog in which the fox tries many different methods to catch the hedgehog. Each time the hedgehog just rolls himself into a tight ball of spikes, thwarting all the fox’s efforts. The hedgehog understands its one big thing and consistently applies it, achieving “greatness,” at least in the ongoing battle with the fox. What is interesting about this business concept is that it closely parallels individuals’ pursuits of their true calling, and thus their personal greatness. [Continue reading…]
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