Seven Ways To Fail Big
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"Rushing to Consolidate"
In 1987, USAir spent nearly $2 billion to acquire Pacific Southwest Air and Piedmont, but its old information systems couldn't sustain the massive and hasty expansion. Before USAir bought Piedmont, the airline showed profits 6% to 7% higher than the industry average. Post acquisition, those profits fell to 2.6% below the industry average.
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