Kodak files Chapter 11
What's this mean? When you shun innovation, when you rest on your laurels and put your trust in past success, when you display pride and not humility, your organization will eventually suffer the consequences of those who do the opposite. Seeking to effectively serve others' needs and wants is what makes business go 'round. Failing to do so is one obvious way businesses are brought down.
Here's an analysis by Therese Poletti posted on Marketwatch.com
What's this mean? When you shun innovation, when you rest on your laurels and put your trust in past success, when you display pride and not humility, your organization will eventually suffer the consequences of those who do the opposite. Seeking to effectively serve others' needs and wants is what makes business go 'round. Failing to do so is one obvious way businesses are brought down.
Here's an analysis by Therese Poletti posted on Marketwatch.com
"One simple answer is that Kodak got fat and complacent relying too heavily on its highly profitable cash cow, the film business. That made it fearful and skeptical of what are now called disruptive new technologies, such as the digital camera, which one of its own engineers invented in 1975."
"Kodak’s management responded, 'That’s cute but don’t tell anyone about it.'"
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