The Hedgehog and the Fox
Written by Konstantin Josseliani
Applying this concept to the translation industry is an interesting exercise. Looking closely, it’s clear that this sector also has its hedgehogs and foxes. There are translation companies who, having chosen their preferred path a long time ago (perhaps they specialize in a particular industry such as health or IT, or in certain services like software or games localization), stick to it rigorously, regardless of the changing environment around them. These companies may seem slow, but once they pick up the required speed, they generally post growth rates significantly above the industry average. It’s fair to say that they “start slow but move fast.”