I'm not even sure what Randy's way is. Has he got a plan?
Randy seems to have picked up that the most successful clubs either have continuity of the manager, a settled squad, or both. Manchester United and Chelsea have barely changed the core of their teams since 2006. The former have had the same manager for 25 years. Arsenal deals somewhat more in the transfer market, but has kept the same manager since 1996.
Man City's habit of signing seven or eight players (with big egos) every season and changing manager whenever there is a sign of adversity may not help them.
However, whether O'Neill buys into the idea that continuity is ideal is an open question. Certainly, his habit of alienating players is not helpful. If we have to sell Sidwell, Reo-Coker, Luke Young, Shorey, Beye and Davies, we will have to sign six or seven players if our squad is not to be wafer-thin the coming season.
Unfortunately, in this respect, I don't think the comparisons between Benitez and O'Neill are completely misguided. Benitez is a better tactician, more knowledgeable and analytical, but MON is perhaps better at developing players. However, if Liverpool had managed to keep Alonso, Arbeloa, Riise and Keane, they would perhaps have been in a different position now.
In other words, a manager's ability to keep players happy, and only sell them if he knows that he can get someone better in, may be more important than we think.