理想的状况下，那些从“现金牛”业务中产生的资金应该重新配置到新兴业务，但是“现金牛”业务的经理却努力为自己的业务保留一些资金。

Ideally, money from these “cash cows” should be redeployed to the stars, but the cash cows’ managers may fight to keep some of it for their empires.

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此外一些公司错误判断了产业成熟的时机，这使他们误将明星业务视作现金牛，电子消费品便是其中一例。

This may lead them to decide that businesses are to be treated as cash cows when they are in fact stars. One such industry was consumer electronics.

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由以上分析得出结论，企业集团应将现金盈余从现金牛转移到明星和问号业务中去，同时关闭或卖掉瘦狗业务。

The conclusions drawn from such an analysis are to transfer the surplus cash from a conglomerate’s cash cows to the stars and the question marks, and to close down or sell off the dogs.

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