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This book basically deals with the stupidity found in high tech companies of the 1980's and 1990's. Why is Microsoft such a huge company today? It isn't because their products were better or because they cheated other companies out of their rightful place in the market. It's because they weren't as stupid as their competition. Merrill Chapman takes us through the comedy of errors that companies like Digital Research, WordStar, Lotus, and Ashton-Tate went through as they tossed their market leads aside in fits of stupidity. You can't help but laugh (or cry) at the amazing levels of stupidity that these companies exhibited. Examples: WordStar was once one of the finest word processing programs in the world. But somehow the company ended up owning two competing mediocre products. Lotus was the leader in spreadsheets but ignored the rise of Windows and allowed themselves to be knocked out of first place by Excel. These and many more examples are well documented in this book.
The book is not an in-depth study of the business world. You won't find very much analysis of why a particular company made such obviously fatal errors. Why did Borland pay an outrageous sum to buy Ashton-Tate at a time when Ashton-Tate had virtually nothing that Borland needed? You won't find the answer here. What you will find is an amusing, well-written (without being vicious) examination of the collapse of perfectly good companies under the weight of their own serious errors of judgment.
There is a moral to be learned from this book. It isn't necessary to be excellent. In fact, excellence can be expensive and drive up your costs so much that they make your products uncompetitive. The secret is not to be excellent, in fact you don't even have to be very smart. All you need to be is less stupid that your competitors. Just ask Microsoft.
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