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Thursday, 7 August 2014

INSPIRING FAMOUS FAILURES part 2


By: Lubnah Abdulhalim


INSPIRING FAMOUS FAILURES



1.     Akio Morita is the founder of giant electric household products, Sony Corporation. First product was an electric rice cooker but it became a fail since it burned rice rather than cooking. Today, Sony is generating US$66 billion in revenue and ranked as the world's 6th largest electronic and electrical company.


2.      Albert Einstein, when he was young; his parents thought he was mentally retarded. His grades in school were so poor and he even considered himself stupid. However, he became a theoretical physicist widely regarded as the most important scientist of the 20th century. He was awarded the 1921 Nobel Prize for Physics for his explanation of the photoelectric effect in 1905 and "for his services to Theoretical Physics".



3.     John Grisham's first novel was rejected by sixteen agents and twelve publishing houses. He kept on practicing the art of writing until he became best known as a novelist and author for his works of modern legal drama. The media has coined him as one of the best novel authors even alive in the 21st century and his books are read worldwide.


4.     Marilyn Monroe was dropped by 20th Century-Fox, one year into her contract, because her producer thought she was unattractive and cannot act. She didn’t give up on her dreams and eventually she was recognized by the public as the 20th century's most famous movie star and pop icon.


5.      Henry Ford not only revolutionized industrial production in the United States and Europe, but also had such influence over the 20th century economy and society yet his first two automobile companies failed. His first failure did not stop him from incorporating Ford Motor Company and being the first to apply assembly line manufacturing to the production of affordable automobiles in the world. His combination of mass production, high wages and low prices to consumers has initiated a management school known as "Fordism". He became one of the three most famous and richest men in the world during his time.


6.      Soichiro Honda was turned down by Toyota Motor Corporation during a job interview as engineer after World War Two. He continued to be jobless and soon, his neighbors started buying his home-made scooters.  He set out on his own to start his own company, Honda. Today, the Company has grown to become the world's largest motorcycle manufacturer and one of the most profitable automakers. With a global network of 437 subsidiaries, Honda develops, manufactures, and markets a wide variety of products ranging from small general-purpose engines and scooters to specialty sports cars.