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Did You Know? New Coke and Bad Decisions

Video Transcript

Sometimes the biggest mistake is thinking you already know your audience.

Did you know?

One of the greatest marketing mistakes in history came from one of the biggest brands in the world. In the 1980s, Coca-Cola made a bold move.

They changed their original formula and replaced it with what they called New Coke. They didn’t think they were taking a risk. They believed they knew their audience, but they didn’t.

The reaction was immediate and overwhelming. People didn’t just dislike it. They were upset.

The company had to reverse course and bring their original formula back. Why? Because they skipped something critical, actually listening to their customers. And it’s a reminder, whether it’s business, decisions, or anything that affects other people.

Thinking you know isn’t the same as actually knowing. In our world, we see that played out in a different way. When assumptions are made before anyone really takes the time to understand what actually happened.

And that’s where details and listening make all the difference.