Adopting the hedgehogstrategy mightsend business in chaos
The thorns serve the system andthe system serves the thorn. Theywork together and serve eachother. The ball shape reduces theoutside area and the thorns targettheir enemy better. It is the wholein the thorns and thorns in thewhole. But
Kodak did not failbecause it missed thedigital age. It actually http://www.forbes.com/sites/avida n/2012/01/23/kodak-failed-by-invented the first asking-the-wrong-marketing-digital camera in 1975. question/However, instead ofmarketing the newtechnology, thecompany held back forfear of hurting itslucrative film business,even after digitalproducts werereshaping the market.
Kodak bosses buriedtheir heads in thesand of hibernation.The crystal quartzturned into sinkingsand
Hedgehogs hibernate Stress of defending strains the body and it shows symptoms of hibernation Businesses do Stress of defending strains companies
Business Is like A hedgehog: Hibernation is notthe solutionHaving one core strategy is unforgivable unlessthe company has high adaptability; elsehibernate and die like a hedgehog
When do hedgehogs hibernate? The timing of hibernation does depend on many things including theweather. When it gets very cold, they will hibernate (if they are fit and fat enough) because their naturalfood disappears in the cold weather.
Likewise; companieshibernate in thechilly winter of demand retraction
No hibernation Winter hibernation Full hibernation
Do not scare the customers. Thisway they might curl up and pointtheir gulls towards youFearful customers will see you as athreat
Having a core business is NOT enough for growth or survivalLearning from the past to shape the future is the solution