Wrecked in Darkness
An example of what can go wrong when decisions are made on the basis of poor information is evident in the purchase of Rolls–Royce Motor Cars.
Volkswagen and BMW battled each other to purchase Rolls Royce from Vickers PLC. And Volkswagen won the battle, paying $780 million for the Luxury auto – making company.
But after the purchase was finalized, the buyers made a shocking discovery. Volkswagen owned the company, but not the rights to the name Rolls – Royce, which is synonymous with luxury cars around the world.
The license for the name, it turned out, belonged to another company: Rolls–Royce PLC, an aerospace company. Even worse, Rolls–Royce PLC had ties to BMW.
Guess who received permission to use the name? BMW– not Volkswagen. And it all happened because of poor information gathering.
It was Benjamin Disraeli who said, "The most successful man in life is the man who has the best information." Mathew Ashimolowo added, "Being current is the currency of life."
Beloved, always remember that even a large ship may be wrecked in darkness, so says a South African proverb.
You will succeed.
Shalom!
Your Life Coach
@UjuBOnyechere
BB: 224AEA77
Now that you know...
Free to share!
Volkswagen and BMW battled each other to purchase Rolls Royce from Vickers PLC. And Volkswagen won the battle, paying $780 million for the Luxury auto – making company.
But after the purchase was finalized, the buyers made a shocking discovery. Volkswagen owned the company, but not the rights to the name Rolls – Royce, which is synonymous with luxury cars around the world.
The license for the name, it turned out, belonged to another company: Rolls–Royce PLC, an aerospace company. Even worse, Rolls–Royce PLC had ties to BMW.
Guess who received permission to use the name? BMW– not Volkswagen. And it all happened because of poor information gathering.
It was Benjamin Disraeli who said, "The most successful man in life is the man who has the best information." Mathew Ashimolowo added, "Being current is the currency of life."
Beloved, always remember that even a large ship may be wrecked in darkness, so says a South African proverb.
You will succeed.
Shalom!
Your Life Coach
@UjuBOnyechere
BB: 224AEA77
Now that you know...
Free to share!
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