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A company that had a successful product but went bust for not innovating?

Asked 2010-05-21T18:22:39.897
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At the company that I work we have a successful software product that did well but is now obsolete and unmaintainable. I am trying to explain that you need to innovate and replace this product with new offering in order to survive. I am looking for some good examples of companies that made the mistake that we are close to making - relying on one successful product way over it's normal lifetime, so I could use it as illustration when making an argument.

These products need not be software, emblematic cases that illustrate well this situation but where product was not software are also appreciated.

product lifecycle end-of-life
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Facebook is going to have problems soon if they don't change their privacy issues. Facebook also has issues with their interface being worse than it once was. Notifications don't work right. The feed is real wacky.

MySpace and Friendster didn't change fast enough prior to Facebook. Especially MySpace. I don't know what they were thinking with their bloated ad-corrupted interface for so long. They've made a nice adjustment now going for bands and such, but they could have been the dominant player.

answered 2010-05-28T17:25:23.457
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Companies get bought, products get recycled, renamed, etc., so all depends on the meaning of "going bust". Companies like Novell, Borland, Corel come to mind, but they still seem to exist, though not as important as they used to be.

Pick your favorite from wiki categories Defunct software companies and Companies disestablished in....

answered 2010-05-28T18:07:30.030

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