Harold Geneen's statement that: "Telephones,hotels,insurance-it's all the same.If you know the numbers inside out,you know the company inside out" reflects the belief that industry specific knowledge was not important to the corporate management of diversified firms.

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Geneen's statement suggests that understanding the financials ("the numbers") is sufficient for managing any type of business, implying that industry-specific knowledge is not necessary for effective corporate management.

Harold Geneen's Statement That: "Telephones,hotels,insurance-It's All the Same