Many strategies fail because they lack clear choices and do not represent a coherent strategic direction for the company. A true strategy involves a limited set of clear choices about what a company will and will not do. For example, when toy company Hornby Railways faced bankruptcy, it successfully changed its strategy to focus on (1) perfect scale models (2) for adult collectors (3) that appealed to nostalgia. This set of three clear choices guided the company's direction and led to success. For strategies to be implemented, they must communicate both the choices and the logic behind them. Successful implementation also involves a combination of clear strategic direction from the top along with allowing bottom-up initiatives within those boundaries.