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December 14, 2011

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david k waltz

Lee,

I just finished reading the Steve Jobs biography, and believe he would agree with you - there is a quote in there about how Apple succeeded because it chose to focus on very few things.

Thanks!

Lee Crumbaugh

David, yes, I agree, Apple is a prime example of the value of strategic focus. I've been musing about successful companies that seemingly are more complex, but the ones that come to mind are not really that complex and use some sort of organizing principle that simplifies things. For example, ITW consists of hundreds of companies and products, but each is separately managed, not directed from ITW headquarters. GE is into a variety of things, but each part is a business unto itself and rises and falls on its own accord. Do you have examples to the contrary - companies that are exceeding complex, going in all directions, and yet are highly successful? It would be interesting if there were such animals to understand how they make it work.

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