What 5 Epic Business Failures Can Teach Us About Moving Forward

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In her podcast 'The Great Fail,' Debra Chen explores the biggest failures of corporate history in true-crime narrative form. She extrapolates valuable lessons from these disasters, especially relevant during the current pandemic-driven economic crisis.

podcast, illuminating how people and companies can move forward in a productive way, especially in the era of COVID-19: . As we’ve learned from brands like Tower Records, Circuit City, Kodak, and Toys R’ Us, being a household name isn’t enough to withstand the tests of time. You need to be able to evolve with ever-changing market conditions and adapt to new technologies and consumer behaviors.

The pandemic, followed by the economic cataclysm, has left a lot more vulnerability to those with antiquated business models. This makes it an opportune time to discuss the topic of corporate demise. Chen says she’s always had a propensity for business strategy and a love for writing, but she didn’t find ways to tie that into her plan until working onpodcast. Growing up in an Asian household, her parents emphasized making money over other factors like passion and interests.

Over time, Chen realized that she had a knack for looking at problems, understanding trends, asking the right questions, understanding the pieces that need to come together and then finding solutions in a methodical manner. That’s how she got started advising C-suite executives, private and public companies.

“My career purpose is to help companies, executives, and enterprises evolve and navigate the twists and turns of emerging technology shifts and consumer behaviors so they avoid the pitfalls we study inand stay on track for sustainable growth and success,” says Chen. “My podcast is designed to tell business stories in a compelling way and draw valuable insights to help others. Both of these in tandem have meaning to me.

To other people looking to tap into their life purpose, Chen says, “My particular journey has been wrought with trials and tribulations. In speaking with other people about this particular topic I have discovered that very rarely does your purpose fall into your lap. More often it’s a process, a journey.

 

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