Dec 05, 2015 the book good to great by jim collins is technically a business book, but many of its findings apply to individuals as well. When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. Overall, good to great is an absolute classic business book and one that we recommend you read. For this exact reason, this is my third summary of the day. Collins worded his idea this way, the hedgehog concept is a turning point in the journey from good to great.
The hedgehog concept the image below highlights the framework for organizing your business strategy. The essence of a hedgehog concept is to attain piercing clarity about how to produce the best longterm results, and then exercising the relentless discipline to say, no thank you to opportunities that fail the hedgehog test. Mar 22, 2018 in his 2001 book good to great, collins describes the similarities between large organisations like multinational corporations and the hedgehog concept. Core concepts from jim collins good to great faithmaps blog. 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. The hedgehog concept from good to great part 1 youtube. 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. This book discusses concepts like level 5 leadership. A simple, crystalline concept that flows from deep understanding about the intersection of three. Great companies have a deep understanding across three. 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. Good for great by jim collins essay 2086 words bartleby. A hedgehog concept is a simple concept in response to the complex facts of reality. First who, then what first get the right people on the bus, then figure out where to drive.
Jim collins starts describing the hedgehog concept by talking about. Business researcher and consultant, jim collins, used this concept as a metaphor for business in his influential book, good to great. All good to great companies have a hedgehog concept. The hedgehog concept is developed in the book good to great. Its interesting to note the difference that jim collins identifies in good to great. The hedgehog concept simplicity within the three circles. Good to great this book addresses a single question. 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 is from the book good to great by jim collins. 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. Are you engaged in work that fits your own three circles. What implications does this have about finding your own hedgehog concept. As i said, im trying to make this website the best book summary website in the world. 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. Good to great companies set their goals and strategies based on understanding. From jim collins book good to great, the hedgehog concept helps your organization focus on three main areas. All concepts summarised in this presentation belong to the author of the book. 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. Good is the enemy of great theme of the book discovering what made good companies great. 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.
Level 5 leaders display a powerful mixture of personal humility and indomitable will. This book was written after 5 years or research conducted on companies that have moved from being good to becoming good some of the great companies we know today. Nov 08, 20 the good to great companies are more like hedgehogs. The book was a bestseller, selling four million copies and going far beyond the traditional audience. Collins goes on to recap the core concepts of built to last and lists how they line up with each of the goodtogreat concepts. Here are the three circles of the hedgehog concept. 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. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. A simple, crystalline concept that flows from deep understanding about the intersection of three circles. Goodtogreat companies set their goals and strategies based. Well cover the good to great hedgehog concept, hedgehog concept examples, and the questions. 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. Instead, they link technology w ith the hedgehog concept that is, they will adopt a new technology only if it accelerates their perfo rmance in.
The hedgehog concept essentially is the strategic difference between good and great companies. Goodtogreat companies dont get caught up in new technology fads. 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. Collins that can help anyone in the business world to turn their company or organization from a good one to a great one. 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.
He also focuses in more detail on the connection between hedgehog concepts and the built to last concept of the bhag. Good to great and the social sectors excerpt the pivot point in good to great is the hedgehog concept. The hedgehog concept is not a vision or strategy, but an understanding. Good to great by jim collins cliff notes max hodgen. Hedgehog concept the three circles how long, on average, did it take the good to great companies to clarify their hedgehog concepts. Collins writes, a hedgehog simplifies a complex world into a single organizing idea, a basic principle or concept that unifies and guides everything. 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. Based on a fiveyear research project comparing companies that made the leap to those that did not, good to great shows that greatness is not primarily a function of circumstance but largely a matter of conscious choice, and discipline. Oct 16, 2017 good to great by jim collins is a compelling and informative book about how to be successful, and how to stay successful. Its the simple idea that is at the intersection of three circles. Good to great is a macro analysis of differentiating factors identified in companies that made the good to great leap defined as a period of fifteenyear cumulative stock returns at or below the general stock market, punctuated by a transition point. The hedgehog concept organizations should only do what they 1 can be great at, 2 can make money at and 3 have a passion for doing.
Here in one place are the timeless concepts that emerged from more than 25 years of rigorous research into the question of what makes great companies tick. Good to great is divided into 9 chapters, which represent the key elements of the book. 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 goodtogreat companies. The seven principles of good to great jims jumbler. May 04, 2016 the hedgehog concept is from the book good to great by jim collins. While its competitors ran a race to the bottom by manufacturing evercheaper disposable razors, gillette went in the opposite direction, designing and producing sophisticated shaving systems that its technicians and executives could get excited about. Order good to great from amazon the original hedgehog concept came from an essay by isaiah berlin in which he talks about leo tolstoys theory of history. In 2001, jim collins published his influential book, good to great. 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. The hedgehog concept is my favourite concept from the book good to. When you combine a culture of discipline with an ethic. The search a six month long financial analysis looking for companies that showed the following basic pattern. The hedgehog concept comes for the old greek parable about a hedgehog and a fox which states the following.
Hedgehog concept in the social sectors good to great. To go from good to great requires transcending the curse of competence. These concepts are used widely by leaders throughout the business and social sectors. Some found it hard to develop, but no matter how awful they were at the start of the process, they all prevailed in the search for a hedgehog concept. The previous book was not able to explain why some bhags are better than. When you figure it out it just seems right, it is not some startling revelation. Concepts the hedgehog concept jim collins good to great. Apr 21, 2020 the hedgehog concept is a corporate leadership strategy outlined in jim collins 2001 book, good to great. The original quote, the fox knows many things, but the hedgehog knows one big thing is from the ancient greek poet archilochus. The fox knows many things, but the hedgehog knows one big thing. The seven principles discovered by collinss study in almost all companies that went from good to great, and conversely not found in the comparison companies that never became great or became great.
The hedgehog concept was developed by jim collins and shows how a company or person can be succesful in business by using a simple. The research team was shocked to discover the type of leadership required to achieve greatness. It typically takes the right people willing to address the brutal facts over an extended period of time to get to the deep understanding of a hedgehog concept. Good to great by jim collins cliff notes max hodgen chapter 1. 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. Goodtogreat by jim collins is a book created with the intent to provide leaders with tools required to make the jump from a good company to great one. The hedgehog concept is an understanding used to differentiate between the two variations of leaders. How to use the hedgehog concept to compete with massive.
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