What is the main idea behind the Hedgehog Concept as introduced by Isaiah Berlin and Jim Collins?
Hedgehog Concept

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To adopt multiple strategies for different market segments
To prioritize short-term gains over long-term goals
To diversify business offerings for better market reach
To focus on a company's core value proposition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the Hedgehog Concept suggest a business should compete effectively?
By focusing on a single area of value
By adopting the latest technology trends
By expanding into new markets rapidly
By diversifying its interests and objectives
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential drawback of diversifying business offerings according to the Hedgehog Concept?
It enhances the company's brand image
It improves customer satisfaction
It causes a lack of focus and efficiency
It leads to increased market share
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a step in implementing the Hedgehog Concept in a business?
Prioritizing short-term profits over long-term strategy
Expanding product lines to cover more market segments
Focusing solely on financial metrics
Identifying where your passions and skills align with value delivery
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to communicate the strategic approach throughout the organization when implementing the Hedgehog Concept?
To ensure everyone is aware of the company's financial goals
To align all employees towards a common strategic goal
To increase the number of business offerings
To focus on individual achievements rather than team efforts
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