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Jaswanth Jegan

Stealth • 4m

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 operation played a crucial role in making photography a popular and widespread hobby. Throughout the 20th century Kodak's market dominance on film sales and processing took it to near monopoly they expanded into medical imaging, digital imaging.The first digital camera was invented by Steven Sasson at Kodak in 1975 but kodak didn’t release it because of concerns about disrupting their existing business model. By the late 1990 digital cameras started to replace film cameras Competitors like Sony, Canon, and Nikon quickly moved into the digital space, leaving Kodak behind.Kodak sales started to plunge.In 2012 Kodak Filed for bankruptcy this shows about the importance of innovation&adaptability is crucial in maintaining business success.

15 replies11 likes

Replies (15)

Udyamee

Stealth • 4m

Kodak and blackberry are classic cases of not adapting which led to their bankruptcy.

1 replies1 like

Anonymous 3

Stealth • 4m

Look at Apple and Samsung. They're always pushing new technology and adapting to what consumers want. That’s why they’re on top.

1 replies

Hiral Jain

Stealth • 4m

Haha, I read about their story in the morning and thought of posting about it, but you expressed it in a much better way!

1 replies

Anonymous 2

Stealth • 4m

Innovation isn't just about new gadgets; it's about new ways of thinking. Companies need to encourage creativity and risk-taking among their employees. Imagine if they had a google like structure, due to which Chrome and stuff came out to light, they might have sustained lol

1 replies1 like

LIKHITH

Stealth • 4m

Kodak should have went with the new age innovations

1 replies1 like

SamCtrlPlusAltMan
•

OpenAI • 4m

My father was a clear timeline of how these companies faded. I used to observe it since i was a kid, the first memory was witha kodak camera and a film, then he switched to canon. Never moved. People are the best reflections of products. :)

2 replies3 likes

Anonymous 1

Stealth • 4m

Agar Kodak ne apni digital camera technology ko embrace kiya hota, toh aaj bhi market mein leader hote.

1 replies

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