What are some examples of failed innovations?
Some notable examples include Google Glass, the Segway, and the Betamax. Each had potential but ultimately failed to gain market traction.
Why did Google Glass fail?
Google Glass faced privacy concerns, limited functionality, and a high price point, which led to its decline in popularity.
What about the Segway?
The Segway was expected to revolutionize personal transport, but it was too expensive and impractical for everyday use.
Can you tell me more about Betamax?
Betamax was a video format that lost to VHS due to shorter recording time and higher costs, despite better quality.
Are there any lessons we can learn from these failures?
Absolutely! Key lessons include understanding market needs, pricing strategies, and addressing potential consumer concerns.
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