Hedgehog Concept is made up of 3 intersecting circlesĬircle 1- What you are deeply passionate about?Ĭircle 2- What you can be the best in the world at?Ĭircle 3- What drives your economic engine? This concept originated from the story of Fox and Hedgehog, where the hedgehog sees what is most essential and discount what is non-essential. Face the reality, good or bad, and act accordingly. First, build a team of people with the right skill and mindset, then decide what this great team will do for the company (what to do?).Ĭontinuously hone your path to greatness based on the brutal facts.

You don't need to find “what to do?” in hurry. Certainly, they are extremely ambitious-however, their ambition is first and primary for the organization, not themselvesįirst, you need to get the right people in your company (Leadership Team) and figure out the best path to greatness. This doesn’t mean that Level 5 leaders don’t have ego or self-interest. These leaders channelize their ego needs away from themselves and into the larger goal of building a great company. There are mainly 3 stages to determine a company’s ability to achieve greatness:Īdditionally, within each of the 3 stages Author defines explicit characteristics of companies that went from good to great: The author suggests readers consider the transformation of good to great as a process of build-up followed by breakthrough. To know the list of companies, do check out the book. They came with the list of companies whose growth and achievement far outperformed the market or industry average, and eventually achieved corporate greatness.

Jim Collins along with a team of 21 researchers researched the financial analysis of many companies. However, many companies fail to make the evolution from good to great. This book describes the characteristics of many companies who leaped from being a good company to a great company. I am sure you too will love to read this book if you have not read it already.īook Overview – “Good to Great” by Jim Collins. If you have read this book already you know that my learning and review of this book could have been tweaked up a little, hence I decided to write the overview of this book.

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