The Hedgehog Concept is a business framework developed by Jim Collins in his book "Good to Great." It emphasizes the importance of focusing on what a company can do best, what drives its economic engine, and what it is passionate about. By identifying the intersection of these three areas, organizations can create a clear strategy that guides their decisions and actions. This concept is inspired by the idea that hedgehogs, which are simple creatures, know one big thing: how to protect themselves. Similarly, companies that adopt the Hedgehog Concept can achieve sustained success by honing in on their core strengths and avoiding distractions that do not align with their primary focus.