The assignment for this topic consists if two parts:
1) For the first topic briefly review the financial literature to identify and present a description of one actual capital project/product failure. Failed projects/products over the last 50 years to look up and consider: -New Coke,- The Iridium Satellite Communication,- the Edsel automobile, Beta (vs. VHS), the Concord SST, and various Dot Coms. Feel free to research others.
2) Give 3-5 reasons why the capital project failed.
I just need two paragraphs - do not go overboard - some research and summation is all that's required. I am interested in your short, concise description of the project and the major reasons why they failed.