What are some notable examples of business failures?
An example of an AI chatbot conversation about business failure examples.
What are some notable examples of business failures?
Some notable examples include Blockbuster, which failed to adapt to streaming, and Kodak, which missed the digital photography trend.
What lessons can we learn from these failures?
Key lessons include the importance of innovation, understanding market trends, and being adaptable to change.
Can you give me more details about Blockbuster's failure?
Blockbuster's failure was largely due to its inability to pivot to digital streaming and competition from Netflix.
What about Kodak? How did they miss the digital wave?
Kodak had the technology for digital cameras but failed to embrace it, fearing it would cannibalize their film sales.
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