Days of conglomerates are over; only focus works?

Every generation needs a revolution - an entrepreneurial revolution

In the 70s and 80s, conglomerates were the in thing.    Harold Geneen and Jack Welch excelled in this by the sheer power of their intellect energy and passion.  The thing is when they were gone, the conglomerates fells by the wayside and collapsed.

These though still followed Welch to be number 1 or No 2 in their market.  Niching was very important.

ITT spun off? What ever remained of it?   How about GE of Welch

The winners are Apple Microsoft, JP Morgan

Only focused business grew and even then it was not enough.  Some are still collapsing as in food business. 

San Miguel would still be a big conglomerate:    food, beverage, alcohol,  infrastructure. energy

Summit:  publication, real estate, airlines, food production, petrochem, power gen

LT - airlines, real estate, tobacco, liquor

Ayala - banking real estate, water (divested) electronics and telecon

Lopez -  broadcasting, energy (divested from DUI)

MVP -  only in telecoms and infrastructure

Conglomerates can only succeed if they have excellent CEO

Berkshire (W. Buffet) succeeded because he focused on stock picking and studying companies.  He did not run companies.  He let their managers do their thing

Toyota focusses on ICE cars.  and quality.  No 1 in car manufacturing for several years.  

Developing millionaire mindset

Every generation needs a revolution - an entrepreneurial revolution

Becoming an entrepreneur is sometimes synonymous  with becoming wealthy - a millionaire or even being a billionaire.   This is one entrepreneur coach who focuses on the basic.  His very first rule, focus strikes this post as odd.

How can one one becomes rich by being focused?    This is the same stuff being taught in communication - being focused attentive and reverent.   Well, it is being important that to be rich you do the following analysis:

                   1.  Force field analysis

                               Driving  Force                        Restraining force                   Result - being a millionaire

         

                       List down on each column the driving force and restraining force.  Try to have each of 

                       the driving force by sheer hard work, and determination (and even cunning)

                       And the same with restraining force.  We remove and eliminate most if not all of them

                2.  Cause  and effect, fishbone diagram

                      What are the 4ms:   manpower, money, methods and machinery that contribute to your                             becoming prosperous.   ADD if you do not have.  REMOVE IF OBSTACLES ARE ON

                      THE WAY. 

Looks like it is simple  But not many would have the focus nor the energy to do this.

Developing Millionaire Mindset.   from Better Up by Elizabeth Perry

1    Focus on your goals

2.   Be comfortable with learning

3.   Get our there and hustle

4.    Be patient

5.    Accept mistakes as they come

6.   Have  plenty of sleep and stay healthy

7.   Keep growth in mind

8.  Stop making excuses /alibis