Category Archives for Strategy

The Hedgehog Concept

The Hedgehog Concept was first introduced in the book Good to Great, by Jim Collins. In this article, we’ll explain the concept and show how you can apply it to your organization. Given the choice between being a fox or a hedgehog which one would you choose? Most people and companies would probably choose to […]

Continue reading...

PEST Analysis

PEST Analysis is a tool which helps you to understand the macro environment in which an organization functions. Suppose a company is considering two options: Should it develop a new product? Or should it expand into a new country? How would a company decide which opportunity is the right on to follow? Where would you […]

Continue reading...

Mintzberg’s 5 Ps of Strategy

Mintzberg’s 5 Ps of Strategy is a model to which can help you develop your strategy by examining it from five different perspectives. Most people and companies take a very simplistic approach to strategy development. Perhaps they brainstorm their way through a SWOT analysis and then from this try to plot their way to world […]

Continue reading...

Core Competencies Model

The Core Competencies Model was introduced by two business management theorists called Hamel and Prahalad. They introduced the model in a 1990 paper called, The Core Competence of the Corporation. The Core Competencies Model is a strategic tool. Many people believe that strategy is about competing to be the best. It isn’t. It’s about competing […]

Continue reading...