2. The managers who ran these companies were smart, successful individuals, as were many of the investors who put money into their businesses. How could so many smart people have been so wrong? Managers in this companies were very smart, talent and successful individuals, however they believed and having forethought that surging demand would create more profit and advance in creating business. For them, it was just like a rush to grab and collect profit openly without putting any high effort. The managers of these companies were very sticky and not aware of any new invention and marketing strategies, due to which they lost and failed.
3. What specific decision-making based do you think were at work in this industry during the late 1990’s and early 2000s? Less structured and inflexible occurrences in these companies, specifies about non-programmed decision making conception were seen in the industries during the late 1990s and early 2000s which led to bankruptcy and massive debts.
4. What could the managers running these companies have done differently that might have led to a different outcome? The market analysis and decision making was very poor among the managers, which led to this condition of the companies. Other than this, the forecast given by Andrew odlyzko of AT&T Lab was totally ignored and not even inspected or analysed, just rushed without any assumption.