Business should focus on one main thing

Business should focus on one main thing

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the importance of maintaining focus in business, using the example of a company that initially succeeded by focusing on fruit products. It explores the temptation to diversify into unrelated markets, such as green electricity, and the challenges that arise from losing focus. The speaker reflects on the lessons learned from successful companies like Apple and Nike, which excel by concentrating on their core competencies.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the main focus of the business discussed in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Why did the founders consider expanding their business into green electricity?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the founders feel about their understanding of electricity compared to fruit?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What realization did the founders come to regarding their business direction?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What lesson did the founders learn from observing successful companies like Apple and Nike?

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