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Sahil Bagwan

Learning New Things • 4m

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 it would destroy their film business. >> If a new technology threatens your current business, don’t ignore it. It might be your next big growth opportunity. When people started shifting to digital cameras and later smartphones, Kodak stuck to its old film business, thinking it was irreplaceable. >> Understand customer needs and innovate accordingly to stay relevant. Kodak was too comfortable with its success and avoided making bold moves to embrace digital trends. >> Don’t let success make you complacent. Always be ready to evolve and take risks. Kodak’s story reminds us that innovation waits for no one. To stay ahead, keep evolving with market trends and focus on what your customers truly want. How does this sound?

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