30 Dumb Decisions Companies Made Then Regretted After It Was Too Late
Apparently, not every business has a strong company strategy.
Have you noticed how companies behave when they hire new people? They showcase that the company you're about to join is the next best thing on the planet.
They're so heavily armed with goals and strategies that they can't see past them to latch onto new ideas and concepts to adapt to changing times. This has been the primary issue as to why so many companies fell before rising to glory and capturing a significant portion of the market.
For example, cloud storage was invested in during the early '60s, but it wasn't until the '90s that it gained popularity. You know how great cloud storage is, don't you?
Apparently, Steve Ballmer didn't, and he didn't like it. Who's Steve Ballmer, you ask?
He was the Chief Executive Officer of Microsoft from 2000 to 2014. According to him, smartphones and cloud storage were dumb ideas.
He was replaced by Satya Nadella on February 4, 2014, and since then, Microsoft has been doing better, or so we think. This is because they missed the golden opportunity to capitalize on the market at the right time.
The majority of people's first phone was the Nokia 3310. I remember that as my first phone, and I just couldn't get enough.
Backlights, stickers, games, and ringtones were all the craze back then. Nokia was so sturdy, but apparently, their company wasn't, and now it's as good as dead, honestly.
Redditor WolfgangCaesar asked the world what other companies made dumb decisions that they regretted later, and the world answered. Here are 30 companies whose wrong decisions made them bankrupt or nearly bankrupt.
They blew up every golden opportunity that came their way.
WolfgangCaesarInstead of catering to their largest customer base, they did the opposite.
WolfgangCaesarYou'd think they would have some kind of time limit.
WolfgangCaesar
Really bad move.
WolfgangCaesar
That's actually insane.
WolfgangCaesar
Wow, reverse psychology.
WolfgangCaesar
Raikkonen forgave millions from those bonuses so people could keep their jobs.
WolfgangCaesar
This is just sad.
WolfgangCaesar
This has to be the worst business idea ever.
WolfgangCaesar
No one even tried to reboot MySpace.
WolfgangCaesar
Another bad decision.
WolfgangCaesar
Kodak was all the craze back then. SMH.
WolfgangCaesar
Reminds me of Orkut.
WolfgangCaesar
It’s insane how diversified that company was.
WolfgangCaesar
They were ruined long before that, to be honest.
WolfgangCaesar
Legend has it that it was the anonymous bullying that led to all this.
WolfgangCaesar
They also removed commission.
WolfgangCaesar
Fun fact: Kodak invented the digital camera.
WolfgangCaesar
Barnes and Noble brings back so many memories.
WolfgangCaesar
Wow, I didn't know this.
WolfgangCaesar
If it's not broken, don't fix it - gone wrong.
WolfgangCaesar
This hurt everyone, though.
WolfgangCaesar
Don't mean to laugh, but ROFL.
WolfgangCaesar
Missed opportunity.
WolfgangCaesar
LOL.
WolfgangCaesar
This is wrong, but wow. I wonder what they were thinking.
WolfgangCaesar
There was so much outrage when this happened.
WolfgangCaesar
This also put everyone off Google+.
WolfgangCaesar
Bad idea to keep using the same name, honestly.
WolfgangCaesar
Radio Shack in the '90s was magical.
WolfgangCaesar
Companies spend a lot of time forecasting and planning, but when they miss out on opportunities, all their calculations and forecasts go down the drain.
No one is immune to bad decisions, but in order to survive, we must ride with time and latch onto better opportunities.
Which company, according to you, made a bad decision that they regret?
