What Drives Your Economic Engine?

What is the hedgehog principle?

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.

What is an economic denominator?

The economic denominator is a concept made popular by Jim Collins. He is the writer of “From Good to Great” among many other books on business. The simple idea is that there is always a single factor in a business model that indicates profit generation. This economic denominator can come from any area of the business.

What is a personal hedgehog?

Essentially, this would be an Ontological, or Personal Hedgehog Concept (PHC), focusing on ways of being as a person, rather than ways of operating as an organization. For each of us, there is one thing that we are better at than anybody else in the world — it’s being our authentic self.

What’s the hedgehog?

A hedgehog is any of the spiny mammals of the subfamily Erinaceinae, in the eulipotyphlan family Erinaceidae. Like many of the first mammals, they have adapted to a nocturnal way of life. Their spiny protection resembles that of the unrelated porcupines, which are rodents, and echidnas, a type of monotreme.

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How do I find my hedgehog concept?

You can find your organization’s Hedgehog Concept by making three separate assessments:

  1. Understanding what your people are truly passionate about.
  2. Identifying what the organization does better than anyone else.
  3. Determining where it’s good at generating revenue. (Collins calls this “understanding your economic engine.”)

What is a Level 5 Leadership?

Level 5 leadership is a concept developed in the book Good to Great. Level 5 leaders display a powerful mixture of personal humility and indomitable will. They’re incredibly ambitious, but their ambition is first and foremost for the cause, for the organization and its purpose, not themselves.

Is great still good relevant?

Yes. It’s simple: there is still value in reading the book. There are some good ideas – like the “stop doing” list. First of all, the good-to-great principles are true in the same way a horoscope is true.

Is it better to be a hedgehog or a fox?

“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 do hedgehogs eat?

What do hedgehogs eat?

  • Beetles.
  • Earwigs.
  • Caterpillars.
  • Earthworms.
  • Slugs.
  • Millipedes.

Are you a fox or a hedgehog?

Are you a fox or a hedgehog? Here’s what an ancient saying reveals about your leadership style. The ancient Greek poet Archilochus of Paros wrote, “The fox knows many things, but the hedgehog knows one big thing.”

Do hedgehogs bite?

Most hedgehogs don’t bite at all or don’t bite often. And generally, the more you socialize your companion, the less it’s inclined to communicate with its mouth.

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Do hedgehogs attack humans?

Hedgehogs can bite you, but very rarely will that happen. This usually happens when they are young and think your fingers are going to feed them (if they have been fed via a syringe as they had no mother). Like any animal bites, if bitten you would need a tetanus jab should you not be up to date with that.

Is Sonic faster than flash?

The Flash is faster than Sonic. Sonic the hedgehog runs at the speed of sound. While the Flash can run so fast he can jump through time. The Flash because Sonic can’t break the sound barrier and bend time.

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