This PPT slide, part of the 19-slide Common Strategy Consulting Frameworks PowerPoint presentation, presents the Hedgehog Concept, emphasizing the importance of aligning three critical areas for organizational success. It outlines the necessity for businesses to deeply understand what they are passionate about, what drives their economic engine, and where they can be the best in the world. This framework is not merely a strategic goal. It’s a foundational understanding that guides decision-making.

The text stresses that knowing your core business is vital. If an organization cannot be the best in its primary area, it cannot effectively leverage the Hedgehog Concept. It highlights that the understanding of being "the best in the world" is more stringent than simply having a competence. Organizations may possess skills, but may lack the capacity to excel in those areas. Conversely, there may be opportunities where a company could excel, but currently lacks the necessary competence.

Insight into economic drivers is crucial. The slide suggests searching for the single factor that has the most significant impact on the economic engine. It also notes that companies transitioning from good to great often set their strategies based on understanding rather than bravado. This iterative process of refining the Hedgehog Concept is essential for sustained success.

The results section provides practical insights, indicating that achieving a Hedgehog Concept does not require being in a high-performing industry. Companies across various sectors have successfully identified their unique economic drivers, demonstrating that the principles of the Hedgehog Concept are universally applicable. This slide serves as a guide for organizations seeking clarity in their strategic direction and operational focus.

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