Business success through extreme maximization or minimization of 1 or 2 variables (A Charles Munger observation).

Or a company may simply be very good across a wide range of operating variables.


Kenichi Ohmae, in 'The Mind of the Strategist', illustrates how the important variables to be maximized or minimized are determined. Here the author recounts a conversation with the director of a major lumber company:

I asked him, "What are the key factors for success in the lumber industry?" To my surprise...

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