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Topic:	Business
Number of pages / Number of words:	2 / 476

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Massey Ferguson spread itself out too thin. The North American expansion in the 1970s was preceded by the multinational expansion of the 1960s. MF never took time to develop itself and consolidate its operations after such an ambitious campaign (not even after making poor acquisitions in Germany did MF show any signs of fiscal restraint)...

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In the future, MF must be able to pace itself realistically in terms of growth and show improvement with regards to fiscal restraint.

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