'Corporate America Got Lost With Idiot Management And Inability To Read The Room,' Says Kevin O'Leary, Citing Target And Anheuser-Busch

Benzinga12-03

In a recent interview with FOX Business, Kevin O’Leary, a well-known business owner and investor, discussed the mistakes made by big companies in America. He pointed out Target (NYSE:TGT) and Anheuser...

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He pointed out Target (NYSE:TGT) and Anheuser...</p>\n\n<a href=\"https://finance.yahoo.com/news/corporate-america-got-lost-idiot-151536321.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BUDFF","symbol_name":"Anheuser Busch Inbev SA NV","start_time":0,"source_url":"https://finance.yahoo.com/news/corporate-america-got-lost-idiot-151536321.html","article_id":"2488414019","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/do6QtZiEpkTGfLBUqXhc3g--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/a732b6b0d3f79f8841ec4f49ab94b8b1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488414019","pubTimestamp":1733238936,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In a recent interview with FOX Business, Kevin O’Leary, a well-known business owner and investor, discussed the mistakes made by big companies in America. He pointed out Target  and Anheuser-Busch  as examples of what he called “idiot management” and a complete “inability to read the room.” O’Leary said these brands didn’t listen to their customers – and paid the price for it.— Kevin O'Leary aka Mr. Wonderful  November 26, 2024. O’Leary discussed how Bud Light faced a huge backlash after a marketing campaign that didn’t connect with their main customers. Now, it’s an example in business schools of what not to do.Plummeting sales and a backlash that no beer company has ever faced before. O’Leary describes it as a “combination of idiot management and the inability to read the room.”He also said that Walmart seems to have learned from these mistakes by avoiding controversies. To O’Leary, Walmart’s approach of focusing on what their customers need without making controversial statements is","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BUDFF":"Anheuser Busch Inbev SA NV","BUD":"百威英博","BK4158":"啤酒酿造商","TGT":"塔吉特","BK4585":"ETF&股票定投概念"},"translate_title":"凯文·奥利里(Kevin O'Leary)援引塔吉特(Target)和安海斯-布希(Anheuser-Busch)的话说，“美国企业界因愚蠢的管理和无法阅读房间而迷失了方向”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUD":1,"BUDFF":0.9,"TGT":0.9},"content_text":"In a recent interview with FOX Business, Kevin O’Leary, a well-known business owner and investor, discussed the mistakes made by big companies in America. He pointed out Target (NYSE:TGT) and Anheuser-Busch (NYSE:BUD) as examples of what he called “idiot management” and a complete “inability to read the room.” O’Leary said these brands didn’t listen to their customers – and paid the price for it.\n\nAmerica has clearly decided on this issue. Corporate America got lost with a combination of idiot management and the inability to read the room. You have to get the whacking stick out and start punishing stupidity at the management level. That's how you solve for this. pic.twitter.com/CbuWMvjYpy\n— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) November 26, 2024\n\nDon't Miss:\n\n‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest TODAY for just $0.26/share with a $1000 minimum.\nIf there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?\n\nO’Leary discussed how Bud Light faced a huge backlash after a marketing campaign that didn’t connect with their main customers. Now, it’s an example in business schools of what not to do.\nFor O’Leary, the mistake was simple: Anheuser-Busch misjudged their customers and completely missed the mark on what resonates with them. The consequence? Plummeting sales and a backlash that no beer company has ever faced before. O’Leary describes it as a “combination of idiot management and the inability to read the room.”\nTarget also didn’t escape O’Leary’s criticism. He talked about how Target made a similar mistake when it started promoting gender identity products, which upset a lot of its regular customers. “What mother wants to take their kids there and get into gender identity and underwear?” O’Leary asked, pointing out how these decisions turned off some parents. The result? A big drop in sales and, according to O’Leary, Target still hasn’t fully recovered. He said that the company never really apologized, but it didn’t matter – the market “crushed them” for it.\nSee Also: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.\nO’Leary’s advice for company leaders is clear: bad decisions should have consequences. He said that if he were on the board, he would want to find out who made these choices and make sure they faced the consequences: “That’s how we used to do it 20, 30 years ago,” O’Leary said, adding that companies need to go back to basics – listening to their customers and understanding what they want.\nHe also said that Walmart seems to have learned from these mistakes by avoiding controversies. To O’Leary, Walmart’s approach of focusing on what their customers need without making controversial statements is a smart way to avoid problems and keep the business successful.\n“The customer is always right,” O’Leary reminded viewers that company leaders need to focus more on their core customers. If brands ignore this, they will face the consequences, just like Target and Anheuser-Busch did.\nRead Next:\n\nIt’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.\nInspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share!\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nTARGET (TGT): Free Stock Analysis Report\n\nThis article 'Corporate America Got Lost With Idiot Management And Inability To Read The Room,' Says Kevin O'Leary, Citing Target And Anheuser-Busch originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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