History of Everything Horrible Company Failure History
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Mar 18, 2025 Discover the hilarious and insightful tales of major corporate failures! The discussion weaves through the rise and fall of iconic brands like Kodak and Circuit City, highlighting the pivotal moments that led to their downfalls. From Kodak's struggle to adapt to digital photography to Circuit City's misguided management decisions, the podcast explores lessons learned from these failures. Personal anecdotes add humor, showcasing the contrast between nostalgic retail experiences and today's economic challenges. Tune in for a blend of history and witty commentary!
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Kodak's Digital Camera Abandonment
- Kodak's business model was based on selling film and developing photos for customers.
- Despite inventing the first digital camera, they abandoned it to protect their film business.
Innovation Halt Killed Kodak
- Kodak's failure was due to slow innovation and protecting old revenue streams.
- They invented digital tech but feared cannibalizing their profitable film business.
Circuit City Missed Best Buy Deal
- Circuit City missed buying Best Buy for $30 million in 1988.
- Their CEO believed they could outsell Best Buy without acquiring it and failed.