More Hedgehog Concept Diagram Templates and Examples

Hedgehog Concept

Hedgehog Concept

Hedgehog Concept Diagram

Hedgehog Concept Diagram

Hedgehog Concept Template

Hedgehog Concept Template

SOAR Analysis

SOAR Analysis

TOWS Matrix

TOWS Matrix

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Guide and Best Practices

The hedgehog concept originated out of the Greek parable “The fox knows many things, but the hedgehog knows one big thing.” Whereas the fox tries many tricks to catch the hedgehog only to fail every time, the hedgehog only does one thing it does well to protect itself - curl up into a ball to expose its spikes. Inspired by this, the business researcher, Jim Collins, would later introduce the hedgehog concept in his book ‘Good to Great’ as a strategic tool that organizations can use to identify the one thing they are good at to help them survive and succeed. He states that it would take roughly about 4 years to successfully implement the hedgehog concepts within an organization.

How to find your hedgehog concept

  • The hedgehog concept consists of three circles that contain three questions. They are presented in a 3 set Venn diagram. You can only succeed if your hedgehog concept falls in the intersection of these three circles.
  • The first question focuses on what you are passionate about while the second question asks what can you be the best in the world at. The third question gets you to answer what drives your economic engine.
  • In order to identify its hedgehog concept, an organization should first understand what its employees are most passionate about. You can find this by observing what excites them and what they consider is important to them.
  • In the second step of the hedgehog concept, you need to understand what your organization does best. Once you identify this area, then you can understand how to do it better than anyone else. You can start this step by analyzing your strengths and weaknesses, which you can do using a tool like the SWOT analysis.
  • In the third step, you need to find out what your economic engine is or how to generate a continuous flow of income. This is the one KPI or economic denominator that will help you understand how to improve the economic model of your business and increase income. This will help you stand out from your competitors and guide you toward growth.
  • Once you have understood the three circles of the model, observe where they overlap. This is where you will find your very own hedgehog concept.
  • Review your existing strategy to see if it aligns with your hedgehog concept. Then you can revise your strategy as needed.
  • You can use a Creately template to collaborate on understanding the hedgehog concept of your organization with a group of stakeholders. Start with a premade template or create one of your own and share an edit/ review link with others to start working together.

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