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Billion-Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years

Billion Dollar Lessons

Penned By Paul B. Carroll
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42,787 Global Ratings
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Billion-Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years

Billion Dollar Lessons

Penned By Paul B. Carroll
4.85 42,787 Ratings
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Editor's Note:
How to avoid the mistakes that lead to the majority of business failures. Most executives shudder at the word “failure” and try to avoid thinking about it. No wonder there are thousands of books about successful companies but virtually none about the lessons to be learned from those that crash and burn. Paul Carroll and Chunka Mui think there’s enormous value in learning from companies that lost millions (if not billions) in pursuit of strategies that led to spectacular flameouts. Everyone makes mistakes, but why make the same mistakes over and over? The authors studied the most significant failures of the last twenty-five years: 750 bankruptcies, major writeoffs, and discontinued operations. They found that the #1 cause of failure was misguided strategy— not sloppy execution, lack of leadership, or bad luck. These strategies fall into eight categories, including: • Trying to fix a core business that’s unfixable • Moving into an “adjacent” market that isn’t really Adjacent • Buying more problems than efficiencies through misguided consolidation Billion Dollar Lessons offers “devil’s advocate” questions that managers, boards, and investors can adopt.

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Released September 11, 2008
Identifier (ISBN) 2854392
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Paul B. Carroll
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Paul B. Carroll

Paul B. Carroll is a writer and avid reader based in the Pacific Northwest. Before pursuing writing full-time, they spent over a decade working in education. When not working on their next book, Paul B. Carroll can usually be found hiking with their dog or trying out new coffee shops in their neighborhood.

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Charles Young
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"A profoundly satisfying read. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem."
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"A highly sophisticated read. The middle had a deliberate pace, but the climax was phenomenal. A very distinguished novel."
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem."
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"Such a rich narrative. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. Worth every moment spent reading."
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"Absolutely brilliant. The author orchestrated a breathtaking finale. Truly a work of art. An effortless 5 stars."
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"Exceeded all my expectations. The prose is exquisite. It’s accessible yet undeniably sophisticated. An absolute must-read for connoisseurs of the genre."
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"Took a moment to build, but the payoff was spectacular. A brilliant concept executed with flair. Just a few pacing choices I would change. A wonderful companion for a quiet weekend."
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"A profoundly satisfying read. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading."
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"Exceeded all my expectations. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An effortless 5 stars."
Emily Anderson
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"Absolutely brilliant. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An effortless 5 stars."
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"A highly sophisticated read. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. A solid 4 stars from me."
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"I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. A wonderful companion for a quiet weekend."
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"A profoundly satisfying read. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I am now a lifelong fan of this author."
Elizabeth Clark
Elizabeth Clark November 23, 2025
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Anthony Phillips
Anthony Phillips June 05, 2024
"Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
Jessica Young
Jessica Young July 28, 2025
"I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece."
Sharon Scott
Sharon Scott August 19, 2025
"A profoundly satisfying read. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An absolute must-read for connoisseurs of the genre."
Elizabeth Adams
Elizabeth Adams March 18, 2024
"Such a rich narrative. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I will undoubtedly revisit this masterpiece."
Susan Taylor
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"I was completely blown away. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
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