The Dhaka Times Desk Tech companies usually start very slowly but as they mature, they grow very fast! Today's tech companies need to keep up with this rapid growth or collapse altogether! Today's report will discuss the poor decisions that led to the demise of the Big Five tech companies.
The Osborne Computer Corporation:
Many examples of failed tech companies can be cited today, but let's go back a bit. Dr. Adam Osborne is called the father of the portable computer. In the 1980s, he was the world's largest computer vendor. But sadly, his constant innovation destroys the company!
Suddenly, the company announced the launch of a new model of portable computer while their regular model was on the market. Interestingly, customers stopped buying the company's current model of computer in anticipation of the new model! As a result, the company is in debt to the bank and became bankrupt!
Windows Vista:
Microsoft has dominated the desktop PC world since its inception with the Windows operating system. Windows XP is the most popular operating system in computer history. Based on this popularity, Microsoft released Windows Vista in 2007 long after the release of XP in 2001.
Which undermined the reputation of Microsoft so far and brought them down to the ground. It's still a joke to the public that Microsoft thought Windows Vista was released with a very slow, full of bugs and huge security crew! Microsoft had to face a loss of at least billions of dollars, although it is not known exactly. The impact of Windows Vista's loss was so great that it took a long time for the more advanced operating system Windows Seven to take its strong position!
BlackBerry:
When a company is at the top, they should think big, and at this point surprise customers and push themselves higher and beyond everyone's reach. Blackberry, which once ruled the world of smartphones, had many opportunities to invest and bring new technologies forward, but the company did not do that. Their keyboard equivalent took the smartphone market by storm, but it didn't take long to fizzle out.
Apple iPhone shakes the whole world! Customers enjoy the fun of doing everything through the touch screen very easily. But even then Blackberry did not realize that the apocalypse is going to happen! Once upon a time BlackBerry also launched a touchscreen smartphone, but it was too late! There weren't enough apps that consumers were getting on demand on the iPhone itself. Many people are skeptical about the future of Blackberry!
Yahoo:
When you think of the first biggest company on the Internet, the word Yahoo will come to everyone's mouth. No one else came up with ideas like Yahoo in that era of the Internet. As a result, Yahoo became the owner of a huge amount of money overnight. But accordingly the company lacked foresight.
frequently CEO The change diverts the company from its core mission, thereby losing customer confidence. On the other hand, GOOGLE.com takes full advantage of this opportunity and moves forward! Long after the company gave former Google executive Marissa Mayer the CEO post, some of Marissa Mayer's recent activities are showing a glimmer of hope for Yahoo again, but analysts say it's too late!
AOL:
AOL was uncompetitive in terms of broadband connection! It was good to stay until then, but the company wanted to expand the business, so they opened an online search engine and bought the Time Warner company for 164 million dollars.
In doing all this, they lost 30 million subscribers and only 5 million subscribers in 2007 without paying proper attention to their core broadband business! The 240 billion dollar company turned into a 1.66 billion dollar company in 2011! Other big companies are currently offering to buy AOL!
Reference: TheTechJournal
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