Posted on Monday, June 21, 2010
Reports are that AOL, having bought social-networking company Bebo for $850 million two years ago, has agreed to sell it for $10 million. Oops.
While we didn’t write anything at the time of the purchase–we were in the throes of finishing the writing of “Billion-Dollar Lessons”–we’ll go ahead and comment now because one of the main mistakes that AOL made seems like it’s being repeated by many others.
Posted on Sunday, January 10, 2010
Over the years, we’ve been stunned to see how hard it is for executives to recognize and acknowledge mistakes. After all, everyone makes mistakes. The trick is to learn from them so you don’t repeat them, or, better yet, to learn from others’ errors so you never have to make those particular mistakes yourself. Despite the obvious benefits of learning from errors, the denial among executives runs so deep that, to pick a couple of examples from our book:
Posted on Monday, November 6, 2006