4.7 • 643 Ratings
🗓️ 28 July 2025
⏱️ 27 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | What has been the best corporate Darwin Award, as in how did they kill their own business? |
0:06.1 | I own a vineyard and was looking for numbered tags to attach to the post at the end of each row. |
0:10.9 | One website that sold such items said, |
0:13.2 | Don't use cheap cattle ear tags to mark your rows, |
0:16.4 | and proceeded to describe how much better their tags were. |
0:19.4 | I thought, cheap cattle ear tags, of course, |
0:23.2 | and promptly found and purchased them at a fraction of the cost. I would never have thought of it |
0:27.6 | if not for this great marketing. I officially nominate Schlitz Beer for the Corporate Darwin Hall of Fame. |
0:34.8 | Number one beer in America by far in the late 60s and early 70s, when |
0:39.0 | some genius at the head office decided to change the recipe to save money on ingredients. |
0:44.0 | Sales fell off a cliff. Almost immediately they changed back to the old recipe, but it was already |
0:48.4 | too late. The old Schlitz drinkers stayed away in droves. The company remains up Schlitz Creek without a paddle. |
0:55.6 | We actually had Schlitz as a case study in business school. |
0:58.5 | Management went through no less than 10 successive rounds of cost cutting, incrementally |
1:02.8 | decreasing product quality with each round. |
1:05.3 | The last cost cutting was the death knell. |
1:07.7 | They stopped filtering out the last little yeast flakes from the final product, |
1:11.1 | figuring that consumers wouldn't mind little flecks of yeast in the head of their beer. |
1:14.9 | Lesson learned, consumers typically don't notice the drop in quality going from A to B, |
1:19.0 | but definitely notice the drop from A to J. |
1:22.9 | Prodigy Online Service. They had a great message board system system which was included in the monthly rate. |
1:28.6 | They got greedy and for no reason other than wanting to make more money started charging |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from youtube.com/@amithegenius, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of youtube.com/@amithegenius and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.