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This case provides an example of why management of such risk is so essential to a corporation that is willing to take it on. Cizik did all the right things from day one, and the vision of the company remained intact. That vision, according to Cizik was, value added manufacturing. By taking simple products, such as the Tool group that Cizik created, along with the century-old knowledge of manufacturing competencies that the company had from engines, Cizik and Cooper were able to prevail through diversification throughout many different industries in the last part of the 20th century.
His idea was simple, that's why it worked; it was to achieve growth through acquisitions of successful companies in related industries with a relatively simple but flexibly organizational structure...
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