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Do you have a 'Hedgehog Strategy' ?
In a study of the most consistently successful companies, Jim Collins identified that each of these companies uses what he calls the Hedgehog Concept. The fox, renowned for his cunning, has many strategies for killing the hedgehog. On the other hand, the hedgehog has only one strategy for defending itself. Whenever the fox attacks, from whatever direction, the hedgehog rolls itself into a ball of spikes. It works every time. The hedgehog is supremely good at one thing, and it survives by sticking to its winning strategy.The most consistently successful companies identified the one thing at which they can be world-beaters - and then they focused on this speciality to consistently beat the competition.
Read the full blog about 'Your World-Class Hedgehog Strategy'.
Do you have a Hedgehog Strategy?
Read the full blog about 'Your World-Class Hedgehog Strategy'.
Do you have a Hedgehog Strategy?
Replies to This Discussion
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Permalink Reply by Ellen O'Hara on -
I share this approach with my clients and its great way of getting the business modelling process started. My clients with multiple products/services, markets and routes to market find it particularly useful as introduces the need for more strategic decison making but in a very accessible way.
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Permalink Reply by Brian Kreager on
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nice! That's good
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