RIP: Kodak
Kodak seems to be filing for Chapter 11 bankruptcy.
The thing is, that Kodak was well aware of the digital photography revolution, and launched digital cameras as well as online photo sharing sites etc. But more focused consumer electronics companies won in digital cameras, and more focused online photo sites won in the upload and print business. (Although I think Facebook is now the biggest photo serving service in the world).
I don't think it's right to criticize Kodak for not innovating. Companies are very specialized to do a particular thing, and when that thing is no longer valuable, it's very difficult to re-deploy those assets to do some different thing.
The thing is, that Kodak was well aware of the digital photography revolution, and launched digital cameras as well as online photo sharing sites etc. But more focused consumer electronics companies won in digital cameras, and more focused online photo sites won in the upload and print business. (Although I think Facebook is now the biggest photo serving service in the world).
I don't think it's right to criticize Kodak for not innovating. Companies are very specialized to do a particular thing, and when that thing is no longer valuable, it's very difficult to re-deploy those assets to do some different thing.
posted by winterspeak at
11:21 AM
3 Comments:
Organizational competence is not transitive even though individual competence is. A significantly faster cycle of company growth and death is to be expected in the coming decades.
I think Kodak were also one of the leaders in developing PCs when the PCs were in their infancy. The people working for Kodak at that time will now be looking at Bill Gates with a certain amount of envy, I'd guess.
They are now under the protection of Chapter 11 in the bankruptcy law. On the bright side, I think this is the better move for the company.
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