Join Hands to Build a Smarter India: Sign in | Join now
News

8 Worst Business Decisions

By SiliconIndia  |   Sunday, 11 November 2012, 18:29 Hrs
17
13
24
2
Print Email


Bangalore: Making mistakes while taking certain decisions is very natural, but there are certain mistakes that cost too much. Taking such worst decisions sometimes creates major problems for companies. Listed below are worst business decisions that proved too costly.  Let’s take a look.



1. Motorola



Worst decision: The Company failed to launch a new generation of smartphones leveraging the Razr brand, and by 2007 the company was selling the traditional mobile phones at a discount.



Global rank: 1
Years on Fortune 500: 56
Peak Fortune 500 rank: 23 (1994)
Peak revenue: $43.7 billion (2006)
Current status: Split, Mobility unit sold



2. Lehman Bros



Worst decision: During the final few years of the housing bubble, Lehman Brothers augmented the amount it borrowed to buy more mortgage-backed securities and real estate. By 2007, the company's leverage ratio was at least 31-to-1, meaning it borrowed $31 for every $1 in equity.



Global rank: 2
Years on Fortune 500: 14
Peak Fortune 500 rank: 37 (2008)
Peak revenue: $59.0 billion (2007)
Status: Went bankrupt



Though he is the third richest man in the world, but believe it or not he lives a very simple life considering his status. He still lives in a house which he bought long back and likes to dress up in normal clothes.



"I just naturally want to do things that make sense. In my personal life too, I don't care what other rich people are doing. I don't want a 405 foot boat just because someone else has a 400 foot boat," he says.



Experts on SiliconIndia
Sunil  Bhat
Project Management
HCL Infosystems Limi
Haresh  Motirale
Founder Director
Brandniti
Jeya  Padmanaban
President
JP Research, Inc.
Sonal  Rochani
President
Shakti Foundation
Chetan  Nagaonkar
Managing Director
eStomi Technologies
Deepak  Gupta
Business Analyst
Wipro Technologies
Sarvesh  Vaidya
Senior Director - HR
Tangoe
Aarthi  G R
HRM Specialist
PlasmaGen
Sign Up for DailyDose and Read the Day's Highlights
Write your comment now
 
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   Events   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved