Showing posts with label bad business decisions. Show all posts
Showing posts with label bad business decisions. Show all posts

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.