Although my focus is on the B-to-B world, I summarized three of my favorite B-to-C stories that are well known to many business people, and asked colleagues and cohorts to vote on the one they thought was the most significant to them. My thanks to the thirty pros who responded.  Looks like the oldest story wins.

1st Place: Birthing Big Mac

Ray Kroc is hawking milk shake blenders to diners when he stumbles on the “make it before it’s ordered” assembly-line formula used by a couple of brothers named McDonalds, and the fast-food industry is born.

I got responses from folks in all kinds of industries – 16 votes total

2nd Place: Narrow-Sighted Auto Boss

After spearheading the hugely-successful Ford Mustang, Lee Iacocca is fired by the cantankerous Henry Ford II. Iacocca goes on to turn around Chrysler, inventing the mini-van, a concept that Hank the Deuce rejected at Ford.

10 votes: it appears that my more independent colleagues in the media/communication fields preferred this one.

Lastly: Wal-Mart PR Blunders

The extremely “calculated” management at Wal Mart figure they can manipulate their way to a friendlier, folksier business image using PR efforts that lack authenticity. Among them: paying a couple to blog their way across America in their RV, specifically to write about happy Wal Mart employees. No mention of the Wal Mart sponsorship.

4 votes: Adrian commented that “Walmart is such a smarmy, juicy target” – a newer story related only to communications.

Frequent themes for business stories include business blunders (and the lessons learned), problem/solution scenarios, and opportunities acted upon that others ignored.  Please pass along a favorite (comments, or via email).

One thought on “ Industry Origins are Popular as Business Stories ”

  1. I agree with the vote tally for these items although think they are quite different.

    For example, creating the fast food industry far outweighs the temporary setback in a misguided social media campaign, a la Walmart’s stumble as described.

    I think in a situation like Walmart’s, the most interesting and telling takeaway is how they respond to the crisis. Whether they obfuscate and stall or respond quickly with thoughtful and honest responses to concerns expressed by their customers.

Leave a Reply to Patrick McLaughlin Cancel reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s