Good to Great by Jim Collins, framework 7 of 15
The Hedgehog Concept (three circles)
A way to find the simple idea that guides every decision.
Jim Collins's framework, from Good to Great, pp. 100 to 130.
- Best in the world at
What you can be the best in the world at, and what you cannot.
- Economic engine
What drives your economics, found by choosing one denominator, profit per x.
- Passion
What you are deeply passionate about.
- Intersect and simplify
Translate the overlap into one crystalline concept that frames all decisions.
From chapter: Chapter 5 - The Hedgehog Concept - (Simplicity within the Three Circles), pp. 100–130
More from this book
All 15 frameworks-
Framework 8 · Systems and operations The Council A standing group used to reach a Hedgehog Concept through debate.
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Framework 9 · Hiring and teams Four elements of a culture of discipline What to build to get disciplined action fanatically consistent with the Hedgehog Concept.
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Framework 10 · Life and thinking The technology filter Three questions that decide how to treat any technology.
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Framework 11 · Growth and strategy Crawl, walk, run Walgreens' deliberate way into the Internet.
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Framework 12 · Growth and strategy Buildup and breakthrough (the flywheel) How lasting transformation accumulates momentum.
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Framework 13 · Leadership Blue Plans Abbott's mechanism for managing Wall Street while investing in the future.