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Topic: summary of Kodak downfall
Replies: 7   Last Post: Feb 13, 2014 11:00 AM

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Posts: 219
Registered: 10/31/13
summary of Kodak downfall
Posted: Feb 10, 2014 7:17 PM
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Kodak failed to leverage a giant imaging media market into emerging
hardware and software markets and new media markets

failed to leverage hardware and software into new media
failed to leverage existing media into new hardware and software
failed to develop emerging open systems hardware and software

cheap labor competition cannot be an excuse, they had NAFTA and were
making consumer digital cameras in Mexico, this could have been invested
in more

wasn't a lack of capital, they were Fortune 26 at one time

wasn't a lack of intellectual property, in fact they failed to leverage
the intellectual property they had in time

so why?

Rochester's nickname is "smug town"

we are talking about entertainment technology for the most part, and
entertainment oriented careers, if this was not a market of expendable
income, the downfall would never have happened

for the record I worked in R&D as a systems engineer
the problem was the people

existing connection circles prevailed over performance and even
organizational responsibility

there were all kinds of groups vying too do the new stuff

film had the money, film people got the careers

remember this is entertainment technology careers for the most part and
entertaining work as opposed to necessity work, fun prevailed too

the last job I had was hybrid systems integration on the film side

we couldn't have the word integration in the name of our group, since
there was an equipment group was responsible for integration,, but we
got the budgets and careers, while the equipment people had "jobs" doing
not much

if it weren't an entertainment business that didn't really matter too
much, in much cases, the money and performance would have prevailed

they had NAFTA and a consumer camera plant in Mexico, they were right on
time I tell you, it was not an accounting problem, or a strategic
problem, it was a corporate culture problem

there is your business case study

want some verification?

they tried George Fisher from Motorola as CEO with a BIG pay to shake
things up, he left

they tried Dan Carp from equipment side to shake up film probably, I
don't know where he went

might want to hear what these two have to say about their experience

this was a publicly held company, public means socialism whether you
think so or not, and the public suffered, there needs to be better law
for socialized business

private companies can set pecking orders however you want

socialized companies have a trust, and pecking orders other than by
performance should be called anti-trust, in fact I can't think of any
other anti-trust that is worse

corporate culture in USA has to change because a service industry
economy lasts as long as EXISTING money, to have NEW money you need a
manufacturing economy, you need fair trade and not free trade, just the
right amount of Nationalism, another trust issue for socialized companies

fair trade in USA/UN/WTO has to consider worker's rights and
environmental investments, etc. I am not a CEO but I bet if you had a
circle of accountants instead a circle of cronies things would work,
just a little fascism is all you need

let luxuries to competition, no socialism, and you will eventually have
the demand for production, and eventually the production for a
manufacturing economy, this will be held in place by the invisible hand
of fascism if you legislate fair trade and not free trade

socialize needs of the people and the commodity markets of those needs
will eventually invest in returns, this will be held in place by the
invisible hand of fascism if you legislate free trade here

you don't need to enforce any thing free, in fact people will do
whatever they want unless you give them something better to do, there
should be anarchists rights to break the law with the understanding that
not only do you face possible governmental societal repercussions, you
enter the wild and may have repercussions there that are outside the
realm of government

so how do you enforce fair, one legislation kept in place and evolving
as nations bond

and if the laws are so complex that only the legal system can study
their books of code and case law to use them, then only the legal system
can be held accountable, ignorance is an excuse, if government doesn't
teach law, they enter the wild themselves for people they cross


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