Saturday, September 12, 2009

The Worst Strategic Business Decisions Ever

The 5 worst business decisions of all time, listed in reverse order for added drama:

5. William Orton, President of Western Union, declines to purchase Alexander Grahm Bell's 'Bell Telephone Company' for $100,000, calling the telephone an "electrical toy" that families would not use.

4. Decca Records refuses to offer a record deal to The Beatles. "Guitar groups are on their way out", according to an awful judge of talent.

3. My decision to take over restaurant operations at a crumbling building in a college town with a bad reputation for food, which cost me nearly as much money as the Mercedes I currently covet.

2. Ross Perot passes on the chance to buy Microsoft for $6-$15 million.

1. The creator of the World Wide Web (not the Internet...2 different things) decides to offer his invention to the world FREE OF CHARGE.

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