Hertz hit by the law of unintended consequences4 min read 27 May 2020, 08:29 PM IST
Though companies and governments plan and strategize, they often suffer from tunnel vision and ignore lateral consequences of actions taken by them or by other agencies.
Once upon a time, Hertz Global Holdings Inc. was a market leader with a 55% share of the car rental business. Last week, the $8.9 billion company went into bankruptcy, unable to cope with the wipeout of its business following the covid-19 pandemic.
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