Richard Parsons on business focus

The older you get, the more you come to appreciate the wisdom of the ages.  The old expression “stick to your knitting” provides a broader lesson.  These attempted vertical mergers—where a company acquires a business that is foreign to them, where they don’t have the cultural competence or the technical competence to understand what they’re getting—those usually turn out to be a mistake.

~ Richard Parsons, "Wisdom From the C-Suite," Barron's, July 31, 2021