Asked by: Georgel Degues
asked in category: General Last Updated: 20th June, 2020

What does Hedgehog mean in business?

Hedgehog Concept (Business) Definition
The Hedgehog Concept calls on companies to identify their core value proposition or the one thing that they do very well and focus on that. The concept says that scattering one's interests and objective causes a lack of focus, competency, and efficiency.

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Also question is, what is your hedgehog?

The Hedgehog Concept is developed in the book Good to Great. A simple, crystalline concept that flows from deep understanding about the intersection of three circles: 1) what you are deeply passionate about, 2) what you can be the best in the world at, and 3) what best drives your economic or resource engine.

Likewise, why is it called the hedgehog concept? 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." Business researcher and consultant, Jim Collins, used this concept as a metaphor for business in his influential book, "Good to Great."

Besides, is it better to be a fox or a hedgehog?

"The hedgehogs are more the big idea people, more decisive," while the foxes are more accepting of nuance, more open to using different approaches with different problems. The Greek poet Archilochus wrote, "the fox knows many things, but the hedgehog knows one big thing."

What is a hedgehog good at?

As a hedgehog picks its way through the hedges it emits piglike grunts—thus, the hedgehog. Some people consider hedgehogs useful pets because they prey on many common garden pests. While on the hunt, they rely upon their senses of hearing and smell because their eyesight is weak.

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