When I worked at Martin Marietta, we purchased the GE aerospace wing from Jack Welch. His managers brought one thing with them which was helpful: every product line must be in the top three of their market or have a plan to get there in three years - or get out of that business. Helped weed out losing ventures.
“Helped weed out losing ventures.”
It also killed innovation since innovation is a cost center and not a short term profit center.
Rolls Royce is the jet engine leader today and they don’t give a damn about rankings next to anyone else. They do R&D.
While G.E. works on 3 year plans the Chi-coms work 100 year plans.