TD Fall Investing GuideTD Fall Investing Guide
Business Insider
Fri, 16 Nov 2012 10:00:00 GMT | By Max Nisen, Business Insider
15 lessons from the greatest business failures of all-time

From the troubles at MySpace to Kmart's bankruptcy, there's a lot to learn from these business mistakes.



LA Gear, Mattel's Barbie and Kmart (© Courtesy LA Gear; Solent News/Rex Features)
Next
Previous
Previous
  • LA Gear, Mattel's Barbie and Kmart (© Courtesy LA Gear; Solent News/Rex Features)
  • The Myspace.com website is displayed on a computer monitor on June 29, 2011. (© Jin Lee/Bloomberg via Getty Images)
  • R.J. Reynold's 'Premier' cigarettes were not popular with consumers. (© Eric Feferberg/AFP/GettyImages)
  • LA Gear (© Courtesy LA Gear)
  • Entrepreneur Richard Branson (© Maxim Shemetov/Reuters)
  • Coca-Cola launched New Coke in response to the Pepsi Challenge. (© Daniel Acker/Bloomberg via Getty Images)
  • Netscape founder Mark Andreesen made the mistake of ignoring his company's main success, its Internet browser. (© Courtesy of Computer History Museum)
  • A scratched and worn Caterpillar logo. (© Richard Carson/Files/Reuters)
Next
Courtesy LA Gear; Solent News/Rex FeaturesShow Thumbnails
Previous1 of 16Next
Share this Gallery

People learn best from failure. It drives lessons home like nothing else.

The paradox is that in business, failure can be extremely costly. A new book from Laurence Weinzimmer and Jim McConoughey, "The Wisdom of Failure," shows that it's possible to learn the lessons of the greatest business failures without having to go through them yourself.

The authors looked through some of the great failures of the past, surveyed hundreds of executives, and talked to industry leaders. We've broken out some of the key tips.  

Thanks to the publisher for allowing us to feature the book.

* All dollar amounts in USD.

Image Search for From the troubles at MySpace to Kmart's bankruptcy, there's a lot to learn from these business mistakes. on Bing
Image
Previous 1 of 1 Next
loading
See more results results by

Have your say

How long does it take you to completely unpack after moving in?

Thanks for being one of the first people to vote. Results will be available soon. Check for results

  1.  
    25 %
    3 days – I'm an unpacking MACHINE!
    4,325 votes
  2.  
    26 %
    I need a full month just to figure out where to put everything!
    4,374 votes
  3.  
    9 %
    3 months – I use the boxes as end tables!
    1,464 votes
  4.  
    37 %
    NEVER! I still haven't unpacked everything from the last move.
    6,252 votes
  5.  
    3 %
    Other
    598 votes

Total Responses: 17,013
Not scientifically valid. Results are updated every minute.

Money videos

Recently recommended stories