•
Medial • 5m
Kodak: A Giant that Missed the Digital Revolution Kodak, a pioneer in the photography industry, dominated the market with 90% market share in the 1990s. But by 2012, it filed for bankruptcy. What went wrong? The Missed Digital Wave: In 1975, Kodak invented the first digital camera, but fearing it would replace its lucrative film business, it hesitated to embrace digital. While competitors like Canon and Sony quickly pivoted, Kodak stuck to its traditional film products. Failure to Adapt: Despite owning over 1,100 digital imaging patents, Kodak's reluctance to innovate and diversify led to its downfall. Kodak once had a $28 billion market value, but by 2012, it was worth just a fraction of that. The Unreal Irony: Kodak's Kodak Moment slogan was meant to capture memories, but it couldn't capture the digital age. It failed to see that innovation doesn't just mean improving your current product, it means evolving with the times. Lesson📝: Adaptation is key to survival.
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 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,
See MoreDownload the medial app to read full posts, comements and news.