Friday, September 12, 2008

Concept of Hedgehog - Good to Great Companies



The fox knows many things, but the hedgehog knows one big thing.”
Foxes pursue many ends at the same time and see the world in all its complexity. They are scattered or diffused, moving on many levels.
Hedgehogs simplify a complex world into a single organizing idea, a basic principle or concept that unifies and guides everything.For a hedgehog, anything that does not somehow relate to the hedgehog idea holds no relevance

1.What can you be the best in the world at (and, equally important, what you cannot be the best in the world at)‏
What you can be the best at might not even be something in which you are currently engaged.
2.What drives your economic engine?
Must discover the single denominator (profit per X ) that has the greatest impact on your economics/budgeting.
3.What are you deeply passionate about?
What do you have a genetic or God-given talent to do?
What are you well-paid to do?
What do you enjoy doing that you absolutely love to do, enjoying the actual process for its own sake?

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