During my school projects in the 2000s, I would take recourse to the Internet for collecting important and relevant information. The word ‘Yahoo!’ was synonymous to web services, then. Times changed. Now the once-so-famous Yahoo! had taken the backseat, quite literally. All we know now is just one name that is Google. This search engine …
In 2016, the CEO of BlackBerry John Chen declared that the company had suffered a loss of $372 Million, which was a massive blow indeed. The company was compelled to shelf the hardware business that manufactured the iconic phones. This Canadian company was not the first name to have tumultuous times in business. With the …
The homegrown mobile brand Micromax started winning the market since Rahul Sharma started the company in 2000 in Gurugram. But since 2017, the place of Micromax has been unstable with a sharp decline in the revenue. The Chinese market has attracted the attention of Indian customers like no other brands. The brands like Xiaomi, Oppo, …
Micromax Failed Massively Against Tough Competition Read More »
![Why Jet Airways Was Grounded? [3 Major Lessons]](https://vedak.com/blogs/wp-content/uploads/2020/04/Untitled-9.png)
Fourteen years back in 2006, Jet Airways invested a hefty amount of 500$ million in cash for purchasing the Air Sahara. The founder Naresh Goyal was headstrong and rigid. He did not hesitate to go against the suggestion of the professional associates who warned him against the said investment. The “JetLite” was borne out of …
In 1912, the makers and owners of the maiden ship Titanic advertised her as “unsinkable”. But, ironically, the ship sank after it hit an iceberg in the freezing waters of the Pacific. With similar hopes, the makers of Tata Nano were optimistic about its demand among the vast user base of the developing nation. But, …
![Indiaplaza: Story of Catastrophic Failure [Learn 3 Lessons]](https://vedak.com/blogs/wp-content/uploads/2020/03/indiaplaza-blog.png)
At the break of this century, the pioneer of the eCommerce sector of India, Indiaplaza sowed the seed of e-retail and inspired the future blooming of the sector. Though the brand could not do much good, since its inception, still the founder K. Vaitheeswaran was not bogged down by its catastrophic failure. He has penned …
Indiaplaza: Story of Catastrophic Failure [Learn 3 Lessons] Read More »
“You press the button. We do the rest” —George Eastman As early as 1889, George Eastman founded the Eastman Kodak Company and became largely successful in the next years, rather the century. This name ruled the market single-handedly for over a hundred years for democratizing photography. Kodak revolutionized the idea of photography, anyone and …
The failure of Foodpanda comes at a point when there is a lot of scope for gaining market share. It is a chicken and egg problem if there are not enough restaurants then the customers won’t come, and if there are not enough customers then the restaurants won’t tie up with the food delivering services. …
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The failure of BPL was an unfortunate situation which has taught some valuable lessons to the business owners. British Physical Laboratories (BPL) headquartered in Bangalore in 1963, was once the best Indian electronics company, founded by T.P. G. Nambiar. The company started the business by manufacture panel meters for defence forces. But Nambiar was ambitious to …
Why BPL Failed Miserably? [Learn From Its Mistakes] Read More »
The failure of Onida has been eminent for a long time when the Onida monster stopped amazing us all! But, once the monster was very popular among the masses, skyrocketing the sales of Onida. In 1994, my father bought an Onida colour TV and we were amazed to see the unique alien thing! I was …
Onida Monster Stopped Amazing Us! [Failure of Onida] Read More »
