Google sought out to make the most efficient teams by studying their employees. Named ‘Project Aristotle’ the research found Psychological Safety to be the most important factor in a successful team. That is an ability to take risk without fear of judgement from peers.
Texas Instruments has a near monopoly on the graphing calculator field, with over 90% of the sales. Due to this the base model specs and price have not changed in 10 years.
The last US-company mass-producing audio cassettes, founded in 1969, had their best year in 2015, selling about 10 million tapes.
In 2005, a woman falsely claimed she found a finger in her food at Wendy’s. The fast food chain suffered an estimated US$21 million in lost business.
When Elon Musk was 17, he lived off a dollar a day for a month to see if he had what it takes to be an entrepreneur.
The fictional company name “Acme” became popular in the 1920s, when numerous companies wanted to be at the top in alphabetized business telephone directories.
Planned obsolescence is a manufacturing decision by a company to make consumer products in such a way that they become out-of-date or useless within a known time period so that consumers are forced to buy a product multiple times rather than just once.
In 1916, the Heinz Company poured its iconic number over other hillsides in California, notably overlooking the main rail line through South San Francisco. On a slope in the Baldwin Hills, where Moynier Lane curved among oil wells, and on another prominent slope near Culver City, “57” in giant concrete numbers reminded both motorists and Pacific Electric passengers to stock up on Heinz’s 57 varieties of condiments.
In the late 90’s, Coca-Cola tested vending machines that would automatically change prices based on the temperature outside. The higher the temperature the higher the price.
A Quizno’s store manager kept her abandoned store open for months by using the cash from sales to buy bread and discount lunch meats. With paychecks bouncing and vendors refusing to deliver on credit, she used cash from the till to buy cold cuts and bread each morning. She paid herself and her crew in cash, too, tallying each day’s wages on the back of their worthless paychecks, deducting the amount that would go for payroll taxes.