Concentrating on a single business allows a company to "stick to the knitting" that is, to focus on doing what is knows best and avoid entering new businesses it knows little about and where it can create little value.

Question

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Concentrating on a single business allows a company to focus on its core competencies and avoid diluting its resources and attention by entering unfamiliar markets or industries. This approach can help the company stay competitive and create more value for its customers and shareholders.

Concentrating on a Single Business Allows a Company to "Stick