Failure Stories-Inspired to Succeed
Kodak, the photography giant for more than 100 years – was once a leading company that recorded the moment of every life for millions of people. At its height, Kodak controlled photographic film industry with a 90% US market share and an 85% global market share. However, the company that pioneered the photography industry failed…
For decades, Toys “R” Us was a child and parent’s favourite destination. Symbolizing a magical world of toys, games, and childhood wonder. The toy chain had more than 1,500 stores worldwide at its height, and was the one stop shop for toys, video games and baby products. But in 2017, Toys “R” Us went bankrupt,…
MySpace was the king of social networks in the early 2000s. The custom profiles, music-sharing, and huge userbase made MySpace quickly a cultural phenomenon, providing a voice for millions of people to communicate and find one another. In 2006, it was more popular than Google and was the top website in the US. However, within…
Blockbuster was once synonymous with movie nights and weekend entertainment. It was a global leader in the movie rental industry, with over 9,000 stores at its peak. However, the company’s inability to adapt to the changing market landscape, evolving consumer preferences, and the rise of digital streaming services led to its ultimate downfall. This article…
