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Overall, it was a failed attempt, and the cooker never hit the market. Tape recorders and transistors. In May 1946, Ibuka joined hands with former naval lieutenant Akio Morita to launch a new...
- Bill Gates & Traf-O-Data
- Akio Morita & Rice Cookers
- Harland David Sanders & KFC's Secret Recipe
- Henry Ford & Detroit Automobile Co.
- R.H. Macy & His First Four Stores
The Failure: Bill Gates will forever be remembered for starting Microsoft, but this was actually not his first business venture. Prior to founding the software giant behind Windows, Gates headed up a company called Traf-O-Data. Its objective? As StartupGallery.org explains, Gates and his partners wanted to build a 'computerized machine for processi...
The Failure: Today, you know Sony as a digital electronics powerhouse. But the company was considerably low-tech in the early days, as shown by founder Akio Morita's foray into selling rice cookers. The problem, as SonyInsider.comexplains, is that the rice cooker basically burnt more rice than it cooked. Calling it a 'primitive product', SonyInside...
The Failure: Harland David Sanders (better known as 'Colonel Sanders') endured some of the harshest early failures of all. Despite having what we now know is an undeniably popular chicken recipe, no one wanted it at first. In fact, Sanders endured over 1,000 rejections before finally finding a restaurant that was willing to work with him. Early on,...
The Failure: It's hard to think of Henry Ford as anything other than a smashing success in the automobile industry. Early on, though, he was anything but. Ford's first company - Detroit Automobile Company - went out of business in 1901 'amid customer complaints of high prices and low quality', according to Newsweek. Henry Ford Company (founded one ...
The Failure: R.H. Macy was hardly an instant success in retail. In fact, the first four store locations that he opened were abject failures (including the first true Macy's store in Massachusetts.) Between 1843-1855, every one of these dry goods stores died on the vine on poor consumer demand and lackluster sales totals. The Lesson: There is a lear...
Jan 15, 2013 · Akio Morita started off selling rice cookers. A potentially lucrative business idea – but it burnt more rice than it cooked. Fewer than 100 units were sold. Mr Morita and his partner...
Oct 4, 1999 · TIMES STAFF WRITER. More than any other individual, Akio Morita, the co-founder of Sony Corp. who died Sunday in Tokyo at age 78, stimulated Japan’s ascent to a global economic powerhouse built...
- CHARLES PILLER
The electric rice cooker, made by merely interlocking aluminum electrodes which were connected to the bottom of a wooden tub, was a primitive product. The result depended heavily on the kind of rice used and the weight of the water. Tasty rice was a rarity, as the rice cooker produced mostly undercooked or overcooked rice.
The portable cassette player, a brainchild of Akio Morita, redefined how people experienced music, allowing them to take their favorite tunes wherever they went. This iconic device became...
The electric rice cooker, made by merely interlocking aluminum electrodes which were connected to the bottom of a wooden tub, was a primitive product. The result depended heavily on the kind of rice used and the weight of the water. Tasty rice was a rarity, as the rice cooker produced mostly undercooked or overcooked rice.
