/Internet_ • 8m
Why Kodak Failed? Kodak’s Missed Opportunities: They were scared that pushing digital too soon would hurt their booming film business. Failure to Monetize Digital: When Kodak eventually jumped into the digital camera market, they focused too much on selling the cameras themselves, rather than exploring the new revenue streams that were emerging. Slow Pivot to Services: They could have leaned into their expertise in imaging and become leaders in digital photo sharing, storage, or printing services. But they moved too slowly. Missed the Smartphone Revolution: They didn’t see that the future wasn’t just in standalone cameras, but in the convenience of having one built into a device everyone was already carrying around. Failure to Create a New Brand Identity: They never fully transformed their brand to match the new digital landscape, which hurt their ability to stay top of mind for consumers. Comment down- What you learn from there mistakes
Founder-Hexpertify.c... • 1y
Why is Innovation and Adaptability important ? Billions To Bankruptcy #5 In 1888 Kodak released the first simple camera for the general public with the slogan "You press the button, we do the rest’.The Kodak Roll flim Camera's user-friendly operati
See MoreAI Engineer | Coder ... • 1y
Kodak: Missed the Picture! “We developed the world’s first consumer digital camera but we could not get approval to launch or sell it because of fear of the effects on the film market.” - Don Strickland Former vice-president of Kodak Kodak, a techno
See MoreLearning New Things • 6m
Ever wondered how Kodak, once the leader in photography, disappeared from the market? This is what happens when you refuse to adapt to changing times. Kodak’s engineer created the first digital camera in 1975. But the company ignored it, fearing i
See MoreKeen Learner and Exp... • 3m
Hey You all remember "Kodak" which used to be the biggest brand of camera world wide? Kodak completely disappeared from the market due to it's one small but major mistake, the same mustake which lead to the creation of other brands like Lamborghini,
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