What are some famous project failures and their lessons?
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What are some famous project failures and what can we learn from them?
Some famous project failures include the Ford Edsel, the New Coke, and the Google Glass. Each of these projects faced significant challenges that led to their downfall.
What went wrong with the New Coke?
The New Coke failed primarily because it altered a beloved product without considering customer loyalty. The backlash was immense.
What lessons can businesses learn from these failures?
Businesses can learn the importance of market research, understanding customer preferences, and the risks of changing established products.
Are there any successful turnarounds from project failures?
Yes, companies like Apple with the iPhone and Starbucks with their brand revival show that failures can lead to successful innovations.
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