(HEJ.hawg kon.sept)
n.
An idea or concept that, if done extremely well and to the exclusion of almost everything else, can help a person's career or a company's business achieve their full potential.
Example Citation:
"Walgreens' hedgehog concept is to run the best, most convenient drug stores with high profit per customer visit," Jorndt continued. "We know who we are and what we are all aboutrunning drug stores. We work like crazy to execute it in our stores."
Rob Eder, "Out-foxing the hedgehog's rivals," Drug Store News, March 25, 2002
Rob Eder, "Out-foxing the hedgehog's rivals," Drug Store News, March 25, 2002
Earliest Citation:
The fox knows a little about many things, but the hedgehog knows only one big thing very well. The fox is complex; the hedgehog simple. And the hedgehog wins. Our research shows that breakthroughs require a simple, hedgehog-like understanding of three intersecting circles: what a company can be the best in the world at, how its economics work best, and what best ignites the passions of its people. Breakthroughs happen when you get the hedgehog concept and become systematic and consistent with it, eliminating virtually anything that does not fit in the three circles.
Jim Collins, "Level 5 Leadership," Harvard Business Review, December 2000 / January 2001
Jim Collins, "Level 5 Leadership," Harvard Business Review, December 2000 / January 2001
Notes:
Today's head-scratcher of a phrase was inspired by a famous Isaiah Berlin essay called The Hedgehog and the Fox. Here are the opening lines of that essay, excerpted at length to give you the full flavor of Berlin's argument:
|
Berlin applies no value judgments to these categories; to him, they're just different ways of approaching the world. In business, however, the argument has been made that hedgehogs always beat foxes, and if you want to be a success or create a better company, then you must find the appropriate hedgehog concept. The person credited with first applying Berlin's basic idea to business is Jim Collins, author of the recent management bestseller, Good to Great.
Related Words:
Categories:


