*

Jim Collins, in his great Book “From good to great”, stated that successful companies are always able to focus on things: that they love to do, that they do very well and that are profitable for them. He named this the Hedgehog Concept. He mentioned that getting the Hedgehog Concept requires a council from the company to meet regularly to discuss it, but once it is well defined and translated into an implemented procedure, product or service, the company becomes very successful and profitable.

TAQAT can definitely help here!

• Let us start by making this as one of the strategic objectives of the company: “Better defining our own hedgehog and translate it into a simple practical product that we can implement then sell.”
• Then, translate this into a Strategic Ongoing Project, sponsored by the CEO and managed by another executive person.
• Because this project requires key persons across all departments, let us make a Group for it, this group will gather all strategic employees across the organization.
• Let us Create Tasks for meetings management and assign them to an administrator (Notify the Group about the monthly meeting, prepare the meeting room, create MoMs, ..)
• Use the Forums as a discussion room to stimulate ideas, we can start by 4 initial threads :
  1. a- What can Our Company do very well?
  2. b- What do we love to do as a team here?
  3. c- What is the product/service that can make us truly profitable?
  4. d- What is the intersection of a, b and c?
• Use the Project Issues as an internal logging system for Problems/Suggestions/Opportunities for this Specific Project. Define competitive edges, competitions risks, etc…
• Use Documents to upload all Notes, MoMs, Forms, Sheets related to this Project.

If you plan to do a monthly meeting to get your Hedgehog Concept, let TAQAT help you! It won’t only organize the meeting and keep data organized and available for the future, BUT it will allow creative people to share their ideas anytime! 24/7! Meetings will be much more effective, faster and more productive by using TAQAT.