Worst Company Disasters! | Top 6 Blunders

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Sources:

Excite

Excite Had a Chance to Buy Google for $750K, But Turned It Down

Kodak
http://mashable.com/2012/01/20/kodak-digital-missteps/#bTwoOZCuzZqV
https://www.google.com/patents/US4131919

Nasa
http://edition.cnn.com/TECH/space/9909/30/mars.metric.02/

Blockbuster
http://www.cnet.com/news/blockbuster-laughed-at-netflix-partnership-offer/

Nokia
https://www.linkedin.com/pulse/nokia-ceo-ended-his-speech-saying-we-didnt-do-anything-ziyad-jawabra
http://www.theinquirer.net/inquirer/news/2465691/nokia-to-make-smartphone-comeback-with-duo-of-android-70-nougat-handsets

Xerox

Xerox Was Actually First To Invent The PC, They Just Forgot To Do Anything With It


http://history-computer.com/ModernComputer/Personal/Alto.html

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33 Comments

  1. Xerox's Webster, NY plant is constantly being drawn tighter together, with people and boxes moving closer and closer to the Bldg. 207 epicenter. All the buildings on the borders of the old Xerox plant have been vacated, in hopes somebody will buy something. Yeah, right! With all those environmental issues from decades of producing toner, batteries, fusing devices, chemical processes requiring treatment, etc. ha ha The PARC (Palo Alto Research Center) facility in Webster is completely vacated. A gigantic, expensive facility is now a ghost town, with not a single car in the once-packed parking lot. The "RESERVED PARKING" signs are a pretty good laugh, though. You could park a zeppelin in there now.

  2. The Excite/Google one is a bit misleading, you're assuming they lost out on billions of profits without taking into account that the Google of today would likely not be the same Google under different leadership. Similar to how Blockbuster failed under their new leadership. Excite did well for themselves selling for $500mil to Ask, that's better than taking the risk of competing with the saturated search engine market at the time.

  3. The Kodak debacle can be blamed squarely on Management looking to maintain earning growth quarter after quarter, no matter what the cost to the enterprise in the longer term. Cut R & D, stifle innovation, reduce engineering staff, close, cut and outsource. Management decisions by fools who knew the cost of everything and the value of nothing.

  4. "x company could have bought x company" doesn't work bc if they had bought these companies, almost 100 percent of the time they fold these things into their org and it entirely changes what they would do going forward. so if excite had bought google, they wouldnt have become google. this isn't hard to understand if you have half a brain.

  5. Lol at captions around 14:55 or so, “Xerox grabbed the feet from victory…” it’s grabbed Defeat from Victory. Or rather “snatched defeat from the jaws of victory” a reversal on a common phrase about winning at the last second when defeat is inevitable.

  6. Was the Lockheed one like pounds of thrust? I dont understand how ANY engineer can possibly use imperial measurements. That’s absurd. Imagine calculating liquid rocket fuel vs solid fuel, in fucking FLUID OUNCES to regular ounces, or fluid ounces to pints, cups, w.e. It’s absurd.

  7. Me using a Nokia phone now, just bought in 2021, using Android One… Still not an overly successful company, but that promise of support until 2025 was pretty attention grabbing when I was looking at my options.

  8. No company is too big to fail. I don't understand why Apple doesn't incorporate the iPad touch screen into their computers. If you ever saw the movie minority report you see how cool that technology can be.

  9. Xerox Engineers: Literally made a big move for the computer industry*
    Xerox Board committee: Holy shit, this is REVOLUTIONARY!!! Hahahahaha…

    …now what?

  10. I hate these 'biggest mistakes' videos where they talk about when someone had an opportunity to buy what is now, a huge company. Firstly, who said that company would have gotten that large w/o the founding team managing the company? Secondly, sometimes the data doesn't indicate that they'll grow to that size.

  11. The blockbuster now open 95th street east of Ridgeland Oak Lawn is literal blocks away from my home. Kinda weird seeing that on this video.

  12. My last Nokia phone is the C7… It's has a good hardware on par with those times android phones.. but their online software Nokia market(equivalent to Google Store) doesn't support my country back then, I can't even buy a complete version of Angry Birds for the Symbian OS.. I despised Nokia for that, and "I knew".. it's the end of their reign. Then I replaced it with Samsung Galaxy S2 and it was worlds apart.

    Now Nokia is making good consumer Android phone. I will probably buy a Nokia Android phone the next time. Their phone hardware are good and not that expensive.

  13. Leaders with vision are hard to come by. Most CEOs look for short term result, like politicians look for 4 more years of their terms. Very often it takes time & effort for result, and great leaders would be able to sell their ideas to the board, resonate with employees even if its painful to execute. Jack Welch of GE, Akio Morita of Sony are some examples

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