15122. Iridium Phones: A Failed Product Innovation. This termpaper provides an overview and analysis of the Iridium satellite phone system (Iridium LLC), with a focus on the critical factors in Iridium's failure. Following an introduction and summary of the Iridium project and its importance as an innovation in telecommunications, the research paper analyzes Iridium's strengths and weaknesses along with the key factors leading to the project's (and company's) failure. A concluding essay considers some of the lessons learned from this failed innovation. KEYWORD: new product failure satellite phone iridium innovation failure term paper. 12 pages + 1 page Appendix; 41 footnotes, 27 bibliographic sources. 4,321 words.