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Create a 6 page essay paper that discusses Failed business innovation.However, not all innovations are successful. Some of the innovations after their launch fail due to a number of reasons that are i
Create a 6 page essay paper that discusses Failed business innovation.
However, not all innovations are successful. Some of the innovations after their launch fail due to a number of reasons that are inherent to their development. When an innovation fails, the companies may quit innovating or revise its strategies. For most innovators, failure acts as a trigger to innovate further.
These innovators get better ideas from their failed experiments and in most cases, the innovations come out successful (Dalal, n.d.).
Failure and success occurs to both big and small businesses. How a business whether big or small deals with the outcome, determines how successful it can be in its innovation. An example of a failed business innovation is the COMET jet passenger liner.
COMET jet passenger liner known as the de Havilland Comet 1 was the first jet airliner in the history of air transport. The jet airliner entered into service in the year 1952 on May 2. The jet airliner served the routes between London and Johannesburg. The launch and commercialization of de Havilland Comet was done in 1952. Before its launch, the Comet was put under extensive series of flight tests that included tropical operations, overseas flights and high altitude takeoffs. The test flights amounted to 500 hours of proving flights and flight crew training. Having satisfactorily completed the tests, the Comet jet airliner was given a go ahead to start its operations.
The inauguration of the de Havilland Comet jet airliner commercial services between London and Johannesburg, and Singapore and Tokyo was done by the British Overseas Airways Corporation. The start of the commercial services was successful utilizing only 23.5 hours for the trip between London and Johannesburg instead of the normal 40 hours that a normal aircraft utilizes. The hours used were inclusive of the refueling stops in Rome, Beirut, Khartoum, Entebbe and Livingstone. This was the start of the jet airline evolution and the
