The Hedgehog Concept is a business strategy developed by Jim Collins. It is based on the idea that businesses should focus on their core competencies and align their activities around a single, unifying goal. The concept has been popularized in Collins' bestselling book Good to Great.
The Hedgehog Concept is based on the ancient Greek parable of the hedgehog and the fox. In the story, a fox attempts to eat a hedgehog but is unsuccessful because the hedgehog curls up into a ball, protecting itself with its spines. The moral of the story is that it is better to be small and well-defended than to be large and vulnerable.
In business terms, the Hedgehog Concept suggests that businesses should focus on their core competencies and align their activities around a single, unifying goal. This allows them to be small and nimble, while still being well-defended against competitors. The concept has been popularized in Collins' bestselling book Good to Great.
The Hedgehog Concept is a useful framework for businesses that are looking to improve their performance. It can help them to focus on their strengths and align their activities around a single, unifying goal. By doing so, they can become small and nimble, while still being well-defended against competitors.