The hedgehog concept was first introduced in the book good to great, by jim collins. A simple, crystalline concept that flows from deep understanding about the intersection of three circles. Ikigai vs the hedgehog concept by jim collins w visual sloww. How to use the hedgehog concept to compete with massive.
For example, one unsustained comparison, the toy company hasbro, achieved greatness with a focused hedgehog concept but did not stick to that concept over time. The book includes a useful model which brings all the theory together in a meaningful and memorable way. The hedgehog concept is a corporate leadership strategy outlined in jim collins 2001 book, good to great. The book is based on the premise that good is the enemy of great. Hedgehog concept great companies figured out 1 what they could be the best in the world at, 2 what they were passionate about, and 3.
Transformations from good to great come about by a series of good decisions made consistently. May 04, 2016 jim collins says companies that go from goodtogreat always figure out their very own hedgehog concept a strategy they can keep pushing for ages, which will eventually take them to number 1. First, the goodtogreat companies founded their strategies on deep understanding along three key dimensionswhat we came to call the three circles. Mar 09, 2020 collins breaks down the hedgehog concept, as being the accumulation of the following three goodtogreat principles.
In jims own words, the hedgehog concept is a simple, crystalline concept that flows from deep understanding about the intersection of three circles. Collins breaks down the hedgehog concept, as being the accumulation of the following three goodtogreat principles. Although being successful in business is a complex whole consisting of many interconnected parts, collins argues that its essence lies in the solid principle to focus and concentrate on one thing at a time. Mar 09, 2019 collins introduces new management concepts, such as level 5 leaders, the hedgehog concept, and the culture of discipline, which are essential to the success of good to great companies. To find your hedgehog concept, you must answer 3 questions. Second, the goodtogreat companies translated that understanding into a simple, crystalline concept that guided all their effortshence the term hedgehog concept. Jim collins presents many interesting business concepts throughout good to. In good to great collins, the author of built to last, concludes that it is possible, but finds there are no silver bullets. Learn good great why collins with free interactive flashcards. Good to great by jim collins is a compelling and informative book about how to be successful, and how to stay successful. Pdf good to great by jim collins ankur puri academia.
For this exact reason, this is my third summary of the day. As i said, im trying to make this website the best book summary website in the world. The hedgehog concept comes for the old greek parable about a hedgehog and a fox which states the following. By bringing together disciplined people, using disciplined thought and disciplined action companies can build up and break through the barriers that hold. Goodtogreat companies set their goals and strategies based. The concept is drawn from a greek poem in which a cunning fox tries and continually fails to eat a hedgehog who was always able to roll into a ball at the key moment. When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. In this article, well explain the concept and show how you can apply it to your organization. The hedgehog conceptrethinking the economic engine without a profit motive. Core concepts from good to great by jim collins level 5 leadership level 5 leaders embody a paradoxical mix of personal humility and professional will. Aug 30, 2018 in 2001, jim collins published his influential book, good to great. When you combine a culture of discipline with an ethic. Lean east has summarized each chapter into a single lesson and converted the lessons into a process that can transform an organization from good to great. Good to great by jim collins quotes by eighty twenty publishing.
Technology is used by good to great companies as an accelerator, not a creator of growth. These concepts are used widely by leaders throughout the business and social sectors. The fox knows many things, but the hedgehog knows one big thing. We dont have great schools principally because we have good schools. This book summarises the jim collins theory and leaves out most of the research details and stories that are included in good to great. However, jim points out that the good to great companies dont pursue new technologies unless they fit in with their hedgehog concept. Concepts the hedgehog concept jim collins good to great. The hedgehog principle was introduced by jim collins in his book good to great, in which he argues that truly great companies are oriented around a hedgehog concept.
The books chapters cover each part of the flywheel image and explain how the great companies achieved breakthrough results. What are the key takeaways from the book good to great by. Its interesting to note the difference that jim collins identifies in good to great. Jim collins answers the social sector with a monograph to accompany good to great. I have to catch up on a few days i missed, and publishing one summary per day is my hedgehog concept right now. In 2001, jim collins published his influential book, good to great. Core concepts from jim collins good to great faithmaps blog. When i first read the book, i thought jim collins beautifully presented his case studies, and i was quite taken by all. The book was a bestseller, selling four million copies and going far beyond the traditional audience of business books. Collins also emphasizes that hedgehog concepts can only be created through sustained debate, with most goodtogreat companies taking at least four years to clarify theirs. The group didnt feel they had sufficient evidence to argue that technology in and of itself took an organization from good to great. Collins and his team of researchers began their quest by sorting through a list of 1,435 companies, looking for those that made substantial improvements in. Jim collins hedgehog concept good to great alan philips.
In his book, good to great, jim collins describes 6 concepts that a leadership team should apply to transform a good organization into a great one. The theme of focus and consistency in good to great from. The research team was shocked to discover the type of leadership required to achieve greatness. An overview of jim collins book good to great, with a particular focus on finding your hedgehog concept how to get there. The hedgehog concept by the american business consultant jim collins shows how a company or person can be successful in business. The key to going from good to great is to get the right people onboard, engaging in critical thinking, then taking disciplined action aligned with the hedgehog concept.
Hedgehog concept the three circles how long, on average, did it take the good to great companies to clarify their hedgehog concepts. The hedgehog concept is developed in the book good to great. Mar 22, 2018 the hedgehog concept by the american business consultant jim collins shows how a company or person can be successful in business. Well cover the good to great hedgehog concept, hedgehog concept examples, and the questions to ask yourself and your team to find your own hedgehog concept. Disciplined action level 5 leadership the type of leaders required for going from good to great are level 5 leaders. Sep 18, 2012 in the book good to great, jim collins discovers that great companies from his study all had a similar approach to their business, an approach that lead them to greatness.
He also brings up the idea of what he calls the council, which is a group of people devoted to working through the three circles in order to find the hedgehog concept. Few people attain great lives, in large part because it is just so easy to settle for a good life. Jim collins starts describing the hedgehog concept by talking about. The hedgehog concept is my favourite concept from the book good to. Goodtogreat companies engage with groundbreaking technologies in a very specific way. The idea is that hedgehogs are focused and diligent in their activities, unlike foxes that chase shiny objects and are easily distracted.
In his 2001 book good to great, collins describes the similarities between large organisations like multinational corporations and the hedgehog concept. May 04, 2016 the hedgehog concept is from the book good to great by jim collins. Its about the power of simplicity, increasing the chance of success. Why some companies make the leapand others dont in 2001. We dont have great government, principally because we have good government.
Given the choice between being a fox or a hedgehog which one would you choose. Most people and companies would probably choose to. Nov 08, 20 in good to great collins notes that it took four years on average for the goodtogreat companies to get a hedgehog concept. Choose from 60 different sets of good great why collins flashcards on quizlet. In other words, goodtogreat companies dont use technology to create growth but to accelerate it. Jim collins articles hedgehog concept in the business. In his 2001 book good to great, collins describes the similarities between large organisations like multinational corporations and the. This principle means that even if a companys core business has been driving relative success for many years, it doesnt necessarily mean that the company is the best in the. Influential management professor jim collins released the popular good to great. Usa today ran a nice article today on good to great, written by jim collins, and its exploding popularity heres some highlights from the book. A simple, crystalline concept that flows from deep understanding about the intersection of three.
Rather than bet the house on the technology itself, they think deeply about how the technology can serve the companys hedgehog concept. The idea is that hedgehogs are focused and diligent in their activities, unlike foxes that chase shiny objects. Are you engaged in work that fits your own three circles. He researched hundreds of companies to identify sets of good companies where one became great while a close competitor failed. The book is really a research project led by collins as a followup to his book built to last. That is, if the new technology is unrelated or will provide no new opportunities then they will not spend time on it. Apr 21, 2020 the hedgehog concept is a corporate leadership strategy outlined in jim collins 2001 book, good to great. The hedgehog concept is from the book good to great by jim collins. Jul 19, 2016 good is the enemy of great the process going from good to great is a process of build up followed by breakthrough. Key words strategy, level 5 leadership, culture of discipline, the hedgehog concept, corporate culture, packards law, the stockdale paradox summary this book is considered as one of the most important management books of the 1990s and has been in the best seller list ever since then.
The hedgehog concept was originally based on an ancient greek parable which stated, the fox knows many things, but the hedgehog knows one big thing. From the author of built to last, good to great outlines a model for turning a good, average or even mediocre company into a great one. Good to great is divided into 9 chapters, which represent the key elements of the book. Overall, good to great is an absolute classic business book and one that we recommend you read. To go from good to great requires transcending the curse of competence. What implications does this have about finding your own hedgehog concept. Jim collins, an expert in the field of leadership, introduced a story from aesops fables called the fox and the hedgehog in his own book good to great.
Think about what you feel passionate about at work. Collins sorted out the 11 most successful companies of all time based on their performance compared to the market minimal 3 times better, up to even 18x time better for a minimal of 15 years in a row to sort out personal leadership influences of. Feb 21, 2012 key words strategy, level 5 leadership, culture of discipline, the hedgehog concept, corporate culture, packards law, the stockdale paradox summary this book is considered as one of the most important management books of the 1990s and has been in the best seller list ever since then. The book was a bestseller, selling four million copies and going far beyond the traditional audience. This is how the author sets off a riveting journey explaining the findings from his and his teams half a decade of research in the conquest of how to make good. Much as a hedgehog has just one simple, consistently applied way of defending itself that allows it to survive nearly any attack, companies with clear, focused hedgehog concepts stick to one guiding principle that they can carry. Good great why collins flashcards and study sets quizlet. The hedgehog concept from good to great part 1 youtube. What gets you up in the morning and keeps you working late. The summary in the answer by yi can give you the salient points. From jim collins book good to great, the hedgehog concept helps your organization focus on three main areas.
Jim collins concepts the hedgehog concept good to great. The theme of success is shown through 11 companies who start out less or equal to sharemarket value, then sky rocket to a substantial increase becoming a great company, which in terms of collins, at least three times the market over a consistent span of 15 years. Business researcher and consultant, jim collins, used this concept as a metaphor for business in his influential book, good to great. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. In addition to defining their hedgehog concepts clearly, the good to great companies distinguished themselves by adhering to those ideas with immense consistency. Good is the enemy of great the process going from good to great is a process of build up followed by breakthrough. In continuing with the current theme of good to great goodtogreat, i would now like to explore the idea that jim collins put forth which he dubbed the hedgehog concept. In good to great collins notes that it took four years on average for the goodtogreat companies to get a hedgehog concept. In continuing with the current theme of good to great, i would now like to explore the idea that jim collins put forth which he dubbed the hedgehog concept. The idea of the hedgehog concept is perhaps the clearest summation of collinss emphasis on focus and consistency.
The hedgehog concept was originally developed by jim collins in his book good to great in relation to business. Good to great and the social sectors rather than good to great. In the book good to great, jim collins discovers that great companies from his study all had a similar approach to their business, an approach that lead them to greatness. Another perhaps startling fact is that strategy did not separate the goodtogreat companys from the comparison companies. Good to great by jim collins book summary oberlo blog. The team supporting jim collins research for his book good to great debated whether or not a chapter needed to be dedicated to the use of technology by great companies whether technology is a principle that took companies from good to great. Level 5 leadership level 5 leaders embody a paradoxical mix of personal humility and professional will. The hedgehog concept simplicity within the three circles. May 18, 2004 good to great usa today ran a nice article today on good to great, written by jim collins, and its exploding popularity.
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