Our list of worst business decisions are
These are famous bad business decisions in the history of the modern market. So these are only a little fraction of the famous bad business decisions in history and there is a lot to go on and on. We will share why these decisions are so bad.
AOL and Time Warner cable merger
in the year 2000 America online limited merged with the company of time Warner cable and as it was the biggest merger in the business history at that time being was also valued over at almost 400 billion US dollars as the companies are now worth less than 10% of what they were going to deal with it and that are also separated. In many business school lessons and daily courses in the academic section this is currently taught in the business schools as one of the worst deal in the history of business mergers and also apparently and accounting scandal existing surrounding the actual inflation of the America online limited advertising budget that started to begin the unraveling of the actual fact and along with it it was further decreased just because the companies did not get along at the end of the deal and also the largest reported loss of an investor is the amount of 8 billion dollar.
Excite Rejection to buy Google in less than one million USD
Back in 1999 the famous search engine at that current time was Excite, which was one of the highly well-known brands over the internet at that time and also was considered as the giant of this market had eventually turned down the opportunity to purchase the company of Google for only $750,000, later on Google went on dominating the world of internet market and now are currently valued at more than 800 billion US dollar while the previous company was actually bought out by another person for only 343 million in 2004. Google is now so much popular in the modern time when people are talking about something to be searched on the internet instead of saying search, people now say Google it.
The previous company that was considered as one of the largest faces in the internet hand the decision from the so which was offered firstly of 1 million to purchase the company of Google but later on the price was dropped up to 750,000 only. But eventually it was rejected by the CEO and as in general sense, nothing could actually surpass the weather Google is currently dominating the internet world and also has begun the overall dominance over the cell phone and smartphone industry.
Decca declining the Beatles
This famous recording company rejected back in 1964 the famous band of today and also considered as one of the best and most popular bands of all time The Beatles. Beatles are currently the biggest selling band of all time and still yet to be defeated and also it has sold more than one 78 million records and still counting and while on the other hand at when the offer of the chance to sign them before the making of the big entry and the total big launch of their lifetime Decca records turn them down as saying that a band with four-person at front with guitar are not just going to work out in the long run as there going to be nothing but a failure in the future.
Blockbuster rejection to Netflix
Back in the 80s blockbuster was, also and an unconsiderable competitor towards anything else, the biggest face on the market of multimedia movies for anyone. But Netflix was held onto that title since the late 90s when they first started to make their DVD by mail service towards the market and also one blockbuster was at the highest level their annual review was almost 6 billion dollar but in 2000 the Netflix new that blockbuster was the biggest name in the movie rentals and also attempted to strike a deal with them that would have cost blockbuster only 50 million a price. That they were not comfortable at the time. After particular just laughing out of the Netflix executives from the office of CEO of blockbuster it was not so much later that blockbuster was filed for bankruptcy in 2010 and already finished closing the doors on the retail locations and also the copyright of DVD by mail service back in 2013 while at that same time Netflix was already valued over 30 billion US dollar.
Bad decisions can happen to everyone and anyone as it is a really natural part of life and also they can cost the people behind the total procedure a lot of time or even their personal relationships along with the higher level of opportunities and also in the following cases a lot of money and also at the time of these decisions were made there was not a lot of ways to predict the consequences that are coming after them but however this is also the part of responsibility that of being a business-minded person. These choices caused the company's load of money and also it resulted in job loss or even bankruptcy towards the company’s future as they are still feeling the aftershocks of these types of mistakes all these years later.
In the market of business legacies and also the giants of the business of international policies that we actually know as of today and of modern times, among those giants or also from those who are actually quite successful and even from those who could have been one of the largest face is in the market of socio-economic companies have also their own set of bad decisions that changed their entire business policy and companies future in totally the opposite way that they could have gone. There are some who manage to recover or to get another policy or walk in another and new part that brought them success but in most scenario it is likely to happen and has already happened that those company which would have one of the biggest hits in today’s market have gone missing just like another person in the crowd.