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One classic example is Betamax by Sony. Betamax was considered superior in video quality compared to its competitor, VHS. However, despite being technically better, Betamax lost the home video format war in the 1980s. The failure wasnโt due to the product itself but to poor marketing and strategic decisions. Sonyโs refusal to license Betamax technology to other manufacturers and their shorter recording time (compared to VHS) resulted in VHS becoming more popular, eventually leading to Betamax's failure. It was a lesson that even the best product needs strong marketing and strategic operations to succeed
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1Pn3r592Jdvqvb9jF5v7qRc3TodXJDWut/view?usp=drivesdk ๐ฅ The Strategy Paradox ๐ฅ ๐ 20 Lessons ๐ โจ By Michael E. Raynor โจ 1. The Strat
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Hey I am on Medialย โขย 1y
The Fear of Failure: How It Can Be Your Greatest Asset Failure is often seen as the ultimate fear in the business world, but what if it could be your biggest advantage? Hereโs how embracing the fear of failure can lead to success: 1. Learning Opportu
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