Business Blunders

Hassan Qudrat-Ullah

Chapter Chapter 4 in Mastering Decision-Making in Business and Personal Life, 2025, pp 71-106 from Springer

Abstract: Abstract This chapter explores critical business blunders by analyzing real-life case studies of failed strategies, poor leadership, and mismanagement. Notable examples include Kodak’s failure to transition to digital photography, Blockbuster’s decline due to technological disruption, Enron’s accounting scandal, Nokia’s inability to compete in the smartphone market, and Lehman Brothers’ risky financial practices. Through these cases, the chapter examines strategic inertia, underestimation of technological trends, ethical lapses, failure to innovate, and inadequate risk management. By understanding these pitfalls, businesses can learn from past mistakes and develop better decision-making practices to enhance their chances of success and sustainability.

Keywords: Failed strategies; Leadership decisions; Mismanagement; Kodak; Blockbuster; Enron; Nokia; Lehman brothers; Strategic inertia; Technological disruption; Ethical lapses; Innovation failure; Risk management; Financial practices; Organizational decline (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-81068-8_4

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DOI: 10.1007/978-3-031-81068-8_4

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