Capital budgeting is a complicated process that is essential to good investment decisions by a company.

Briefly review either your personal experiences and/or the financial literature to identify and present a

description of one actual capital project/product failure and the reasons attributed to the failure. For those

of you who do not have personal experiences the following are some illustrated examples of failed

projects/products over the last 50 years you may want to look up and consider: New Coke, Iridium

Satellite Communication, the Edsel automobile, Beta (vs. VHS), the Concord SST, and various Dot Coms.

Feel free to research others. Remember this is a short exercise – do not go overboard – a little bit of

research and summation is all that’s required. Share your short, concise description of the project and

the major reasons you believe it failed.