– Even successful companies experience failures
– Amazon CEO Jeff Bezos acknowledges the importance of experimenting and occasional failures
– 35 major product flops from companies like Nintendo and Google are highlighted in the article
Even the largest and most successful companies in the world, such as Amazon, experience failures from time to time. According to CEO Jeff Bezos, experimenting and occasionally experiencing multibillion-dollar failures is part of the process for a company of Amazon’s size. This demonstrates that launching a product is challenging, and many new consumer packaged goods fail to meet the benchmark of $50 million in first-year sales.
Business Insider has compiled a list of 35 of the world’s biggest flops, including products like Nintendo’s Virtual Boy and Google Glass. These failures come from a variety of well-known companies, from Nintendo to McDonald’s. The article explores the lessons that can be learned from these high-profile failures and highlights that even the most successful companies are not immune to launching products that ultimately flop.
The article is only available to Business Insider subscribers, who can gain access to personalized content on the go through the app. Authors Aimee Groth, Jay Yarow, and Drake Baer contributed to the reporting on these notable failures. The message is clear: even companies with the heaviest hitters in business make mistakes, but there is value in examining these failures to learn and improve from them.