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<blockquote data-quote="chriton227" data-source="post: 6511872" data-attributes="member: 33263">The thing about most of these examples of corporate failures is that they are notable because they were against the trend.&nbsp; Apple has become known for smashing successes in the market to the point of becoming a lifestyle brand, Coke and Time Warner didn't get to be as big as they are without lots of really good decisions, and Netflix has altered how movies and TV are consumed and even impacted the very way the companies that maintain the infrastructure of the internet conduct business with each other.&nbsp; And experts can't even come to any sort of consensus on why Edsel failed, especially given that many of the innovations introduced by Edsel are now standard equipment on modern cars (warning lights for the emergency brake, oil pressure, and engine temp, seat belts as standard equipment, ergonomic controls, child locks on the rear doors).&nbsp; There will always be bad decisions, misreads of consumer desire, and failures to predict market shifts, but with all else being equal better information results in a higher probability (not a guarantee) of better decisions.</blockquote>

[QUOTE="chriton227, post: 6511872, member: 33263"] The thing about most of these examples of corporate failures is that they are notable [i]because[/i] they were against the trend. Apple has become known for smashing successes in the market to the point of becoming a lifestyle brand, Coke and Time Warner didn't get to be as big as they are without lots of really good decisions, and Netflix has altered how movies and TV are consumed and even impacted the very way the companies that maintain the infrastructure of the internet conduct business with each other. And experts can't even come to any sort of consensus on why Edsel failed, especially given that many of the innovations introduced by Edsel are now standard equipment on modern cars (warning lights for the emergency brake, oil pressure, and engine temp, seat belts as standard equipment, ergonomic controls, child locks on the rear doors). There will always be bad decisions, misreads of consumer desire, and failures to predict market shifts, but with all else being equal better information results in a higher probability (not a guarantee) of better decisions. [/QUOTE]

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