The 7 most wasteful companies in America can afford to spend a lot of time and resources into strategies that don’t play out very well. While doing this and possibly unintentionally fighting for a place among the 16 most hated companies in America, they also waste a lot of man hours and energy that could be put into something else like, say, a new, innovative product that could change the industry forever. There comes a point in every company’s life where there is enough money stashed in back-up funds and rescue strategies, where a company already makes a lot more than they spend and they just get greedy and decide to expand further and further. While doing this, many companies (even some on this list) also try to undertake new, risky endeavors with different products or aggressive market expansion which sometimes really does not work out for them. A lot of products or marketing strategies start out as a splendid idea and end in a disastrous, unfinished, poorly executed ink blot on the reputation of the company.
As you may have noticed, you will not be reading about wasting in the general meaning but instead, a more fundamental one. A company can waste its employees’ time and efforts, its funds and the resources it takes to build a new product or start a new service. However, if you go down the chain of related resource wasting, a single company failure could so much as cause a loss of effort and materials on a much, much deeper level than it seems. While with smaller businesses failure is way more likely and so is the wasting of resources, the companies on this list are countless orders of magnitude bigger, which means that their failures are not only more wasteful but can also be catastrophic for other, innocent businesses. It isn’t quite disastrous to design your product in your garage and have a hundred pieces made and flop on the market. On the other hand, producing a product that is going to fail in the millions can take out a larger bite not only out of the company’s funds but also the planet’s resources. Without further ado, let’s take a look a seven examples of what not to do.