Learning New Things • 7m
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?
AI 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 MoreFounder-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 MoreKeen Learner and Exp... • 4m
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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