Re: What SINGLE factor MOST contributed to the demise of Packard?

Posted by Tim Cole On 2013/4/26 21:51:19

I think Packard management gets too much blame. The worst thing they did was lousy advertising.

But let's look at my nominee for the worst managed company in history - Western Union

Back in the 1800's U was huge. And as the high tech company of the ages they got a lot offers for new ventures.

They turned down the telephone, the modern typewriter, and the digital computer. So what was once the most widely recognized trade mark in the world went bust.

More remarkable than Packard was GM's scrapping of Oldsmobile. They thought they shouldn't be building cars for old people with money to spend. So Toyota took over that market with the Camry.

Now that's bad management.