Mit Yahoo ist es ganz einfach, die wichtigen Dinge zu genießen.
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What Happened to Yahoo in 6 Points
After Yahoo first launched in 1994, users flocked to the web portal for their online news, email and search needs.
Without competition from Google, Facebook or other internet giants, Yahoo was able to attract advertisers willing to pay top dollar for banner ads, yet the company paid little attention to search features and did not value top-notch programmers. A string of poor business choices has ultimately led to the company’s demise, and recently Verizon agreed to purchase Yahoo’s core business for $4.83 billion.
Yahoo presents an interesting business case for online MBA students, who can learn from both Yahoo’s successes and mistakes. Here, we’ll examine what happened with this former web icon in six points.
Image via Flickr by Neon Tommy
Good Timing Was Not Enough to Overcome Poor Decisions
Yahoo was essentially launched at just the right time to provide a more than 20-year span of impressive growth, yet good fortune was not enough to overcome the following poor business decisions:
1. A missed opportunity with Google and search – In 2002, Yahoo had the chance to buy Google for $1 billion, but executives dragged their feet; by the time they decided to pursue the offer, Google’s price had soared to $3 billion.
In the late ’90s, search was only generating six percent of Yahoo’s income stream, and the company believed it was not worth improving.
2. Mismanagement of Flickr – Before Yahoo purchased Flickr in 2005, its founders had plans to turn the photo sharing site into a social network. Yahoo mismanaged its acquisition of Flickr, however, and missed the social media boat.
3. Not pursuing Facebook – Yahoo attempted to purchase Facebook back in 2006 for $1 billion, but the initial offer was refused by CEO Mark Zuckerberg. Reports indicate that the board of directors would have forced Zuckerberg to accept an offer of $1.1 billion, yet Yahoo executives would not agree to the increased bid.
4. Failure to merge gracefully with Microsoft – Although Microsoft’s $44.6 billion takeover bid was rejected in 2008, Yahoo ended up signing a deal with Microsoft the very next year to use the Bing search engine after failing to develop an effective search engine of their own.
This was likely the result of a team of lower quality programmers, as Yahoo was known not to place emphasis on the quality of its programming staff in the way Microsoft, Facebook and others have.
5. Failure with Tumblr – Yahoo purchased the young Tumblr microblogging organization in 2013 for $1.1 billion, but failed to turn their acquisition into a profitable component of the company. After investing hundreds of millions of dollars into the project, Tumblr essentially disappeared into obscurity and proved to be one of the last opportunities for Yahoo to redeem itself in the business world.
6. Lack of clear vision and a string of poor leaders – From the beginning, Yahoo as a whole lacked a clear vision regarding the overall purpose of the company. They were not a search company, nor a tech company, but functioned primarily as a media company that considered programming to be a necessary commodity to translate production work into code. Coupled with a string of poor leaders lacking vision for the future, Yahoo’s ultimate demise was foreseen years beforehand by some former employees.
Leadership and Foresight Are Critical to Any Successful Business
If Yahoo’s ultimate fate can teach future business leaders of the world just one thing, it would be the importance of great leaders who have a clear vision for where the company as a whole is headed. Organizations lacking such leaders are bound to fail, time and again. If you are ready to advance your career and learn important skills to enter the rapidly changing business world, consider an online MBA degree from the University of Maryland.
Sources
https://techcrunch.com/2016/07/25/verizon-buys-yahoo-for-4-83-billion/
https://www.quora.com/Why-did-Yahoo-fail-relative-to-Google
http://paulgraham.com/yahoo.html
http://www.bbc.com/news/technology-35243407
http://www.telegraph.co.uk/technology/2016/07/25/yahoo-9-reasons-for-the-internet-icons-decline/
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Fraternal theft: cars stolen in Egypt go to Gaza
- Xenia Svetlova
- for bbcrussian.com, Israel
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Image copyright AFP
Image caption
Gaza residents face shortages of fuel and car parts
Under Hosni Mubarak, the border between Gaza and Egypt was largely closed. After the revolution, the Supreme Military Council of Egypt hastened to announce the opening of the border. This decision turned out to be unexpected problems for the Egyptian authorities.
Announcing its intention to open the border, Cairo announced the need to give the people of Gaza the opportunity to go to study, receive medical treatment, or simply visit relatives.
According to the residents of Gaza, the situation at the Rafah checkpoint has not changed significantly.
On the other hand, it turned out that over the past year the number of cars stolen from Egypt into the sector has increased dramatically. The other day, the Egyptian government demanded that the leadership of the Hamas movement in Gaza immediately return 1,400 Egyptian vehicles that were illegally taken out of the country and smuggled into Gaza.
Egyptian media reports that over the past few years, the number of stolen cars that belong to the inhabitants of the Sinai Peninsula has increased dramatically and that the situation has become «impossible».
The Egyptians are also outraged by the fact that cylinders with liquefied gas illegally enter Gaza, which have recently become a big deficit.
“We ourselves do not have enough gas, and smugglers are taking it to Gaza, where they sell it at exorbitant prices, and even steal our cars,” a resident of Al-Arish (North Sinai) loudly indignant during an interview on the Egyptian TV channel Al-Masria.
The rulers of Gaza recognize that this is a serious problem that threatens to overshadow the brotherly love between the Egyptian and Palestinian peoples, and promise to act immediately.
On January 22, the Hamas leadership officially banned the import of cars from Egypt to end the problem.
However, judging by the reaction of the Egyptians, they do not consider this measure sufficient.
Not from behind the wall, but through the tunnel
For decades, the Israeli police and border guards have been unsuccessfully fighting systemic car theft from Israel to the Gaza Strip and the West Bank. Peace agreements were made, violated and terminated, intifadas began and ended, governments changed, and cars were stolen and stolen.
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Often their bare bodies could be found in vacant lots or in car «cemeteries» in the area of the so-called «Green Line», but this did little to help the owners.
A partial solution to the problem came after the complete disengagement between Gaza and Israel and the creation of barriers along the «Green Line» in the West Bank.
Israeli insurance agents whose clients’ cars have stopped disappearing believe that this was due to the fact that getting into Israeli territory has become a very problematic business, associated with obtaining many permits.
Ramallah believes that a cure for systemic car theft has been found as a result of close and fruitful cooperation between the Israeli and Palestinian security services.
However, the need for cars, especially in the Gaza Strip, has not disappeared. And where there is demand, there is supply.
Now the owners of garages that sell spare parts and used cars receive goods from another source — from Egypt. Professional hijackers, as you know, do not give discounts to either strangers or their own. Thus, a new and promising cross-border business has emerged, in which both Palestinian and Egyptian partners take part.
It is noteworthy that it is literally impossible to steal a car from Egypt to Gaza. The border at Rafah, inaugurated by the new Egyptian leadership in May 2011, is still more closed than open, and so the only possible route for hijackers and smugglers is through the underground tunnels that connect Gaza and Egypt.
Underground tunnels in the area of the city of Rafah, half of which is in Gaza and the other half in Egypt, emerged in the late 1990s. However, this industry gained real scope closer to 2006.
At that time, the tunnels were mostly smuggled weapons from Sinai. After Hamas came to power and the kidnapping of Israeli soldier Gilad Shalit, when Israel declared an economic blockade of the sector, the most ordinary goods flowed through the tunnels: building materials, chocolate, cigarettes, sheep and sheep, as well as cars.
Some of the tunnels, which have long since become an alternative route for transporting various goods, are so large that you can carry a whole car through them, although, as a rule, «specialists» dismantle the car for parts, and either assemble it on the other side borders, or sell parts separately.
Given the increased demand for spare parts in Gaza, which is in its fifth year of economic blockade, this option is often even more profitable.
End of blockade – end of hijackings
Photo author, AP
Photo caption,
Hamas militants maintain law and order in Gaza
cars are not cheap and are available mainly to members of the Hamas leadership, journalists or businessmen.
Everyone else has to rely on the delivery of spare parts through the tunnels.
Customers do not ask unnecessary questions about the source of the parts they need and receive the desired product at a reasonable price. To some extent, after the unilateral disengagement from Gaza, Israel passed on some of its Palestinian problems to Egypt.
Now, instead of brand new Israeli foreign cars, Palestinian-Egyptian car thieves are stealing much more battered and battered cars from Egypt, because the Gaza car market today needs any spare part, even if it has been in operation for over 15-20 years.
It’s hard to believe that Hamas’ ban on the import of cars from Egypt will somehow affect the crime situation in the Sinai, which has been a magnet for arms dealers and smugglers for many years.
Car theft is far from the only, but a burning problem for the inhabitants of the peninsula, who now suffer from instability in the country, and from remoteness from the center, and from proximity to a sector that also needs cars and liquefied gas.