NO PLAGIARISM, PLEASE!

Project Description:

Making right decisions is one of the key factors of a companys success. History tells lots of examples where poor decisions destroyed huge corporations in a short time.

For example, the digital camera was developed by Eastman Kodak in 1975. However, the company did not invest in the technology for fear it would undercut sales of its film business. Since Kodaks executives neither foresaw the eventual decline of film nor pushed the company into the digital market, it could not compete with Fuji and Sony in the digital camera market. So, Kodak was never able to fully capitalize on the product it actually invented. Eastman Kodak shares peaked in 1997 at more than $94 per share, but then the stock had dropped to 65 cents per share in 2011, which led to the companys bankruptcy in December of that year.

Find an example of a company that found itself in trouble because its employees made bad decisions and then reply to the following questions:

1. What bad decision was made that brought the company into trouble?
2. What could the company have done to protect itself from these types of employee blunders?
3. Could an MIS system or AI have helped prevent the problem by enabling employees to make a better decision?