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So what does a CEO do?

They have to make capital allocation decisions, based on the direction the market is taking. An MBA might be able to tell whether China or India needs more marketing dollars, but they won't know whether it's better to invest billions into different R&D efforts.

The executive in charge of mobile isn't going to tell the CEO "look, Windows phone is busted, just fire us and put everything behind a major effort to sell small-medium businesses turnkey enterprise systems."



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