It’s another chapter in the failing Yahoo! book. Yesterday, Carol Bartz – then CEO of Yahoo! got an ceremonious firing from the board. Now, with the dust settling, and Jerry Yang saying the company is still not for sale, where does the now-less diminished company go from here?
Rebuilding Phase – a Name Change, perhaps?
I get told time and again – If you want a fresh start, infuse with a new name. Yahoo! is pretty much a name dragged in the mud. Yahoo! represents the internet from 1999. It’s 2011 – Time to get with the times. Put away the preppy clothes, the teased hair and go with something a little more modern.
A new name could bring confidence back in the company and the customers. A fresh logo that means “The future of computing is here”. Then, of course, you will have to back that statement up…
Fire the Board of Directors? Including Jerry Yang.
Om Malik said it best – Fire the Board. If you’re gonna shake up things, do it right. The board has been flailing since the Microhoo! days. Get a new cast to make decisions and get things done. Om has a great list of who should be on this board.
I am going to take it one step further. Jerry needs to step back even more. The new board has to have free-thinkers with no pressure from Yang. They have to take a major left-turn to keep their businesses satisfied.
Get Back in the Game
During Bartz’ 2 year CEO run, a lot of programs were shut down or sold. Whatever is left should also get some type of a face-lift. Collect the patents and figure out a new plan.
Yahoo might even want to start talks with Facebook. Put a new presence in this social network (since they’ve pretty much destroyed all their social network opportunities). Since they also have a partnership with Microsoft, this might be a really nice fit overall.
Open Up to Everyone
Google does this so well (ok, maybe not with YouTube, but everything else) – Open up to the community. Ask what you want. It worked with Linus Torvolds in creating Linux. Take the information and create something around that.
With items like business email, you cannot do that, but with consumer products like search and home page, open it up and let the consumer feel they have a hand in sculpting.
There has to be 3 items that people are clambering for in the last few years that could be easily integrated. Show the people that you are listening to them.
These are just a few ideas. In thinking of it more, the name change most likely be the best move. After all – if you think Yahoo!, what do you think of? A website that is the future, or a company that represents the past?