Kodak and the Digital revolution
1. Evaluate Kodak's strategy in traditional photography. Why has the company been so successful throughout the history of the industry?
Kodak is known for providing the quality services, innovative products offering the best quality to customers. It developed competitive advantages and satisfied its customers during many years. Kodak has evolved different strategies in the field of traditional photography where it brought innovations and modification. Kodak has a successful history in the industry. According to the case study, the main reason behind the success of Kodak in the industry is its quality.
2. Compare traditional photography to digital imaging. What are the main structural differences?
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Was it appropriate?
It was Kodak’s’ strategy to sell the cameras at low prices, and it used to earn revenue from the films; this strategy is called the razor-blade strategy. This model for photography became flop when Sony introduced a camera with floppy disk inside, in which there wasn’t any use of films. As a result of Sony’s introduction of the Mavica in 1981, Kodak took it as a threat and started investing in the digital photography. For this purpose, it has conducted a huge research on the digital photography. As exposed by Fisher in 1997, Kodak’s respond wasn’t appropriate for the digital world: “One of the mistakes we [Kodak] have made is that we [Kodak]’ve tried to do it all. We [Kodak] do not have to pursue all aspects of the digital opportunity and service side.”
4. How would you assess the Fisher's attempt to transform Kodak? Why did it fail?
Kodak hired Fisher as its CEO in 1993, so that he can bring innovations in the company, and maintain the company’s financial position. In order to bring transformation in Kodak, Fisher started introducing new technologies in the products of Kodak. In order to bring transformation, Fisher believed that innovations and development is the best way to bring advancement in Kodak. He also changed the organizational structure from vertical to horizontal integration. Though Fisher tried his best to transform the company, but he failed and could not bring modification in Kodak and then
Nintendo take the actions it did? How did these affect the value created by the industry?
If I were responsible for solving the problem, in addition to Kodak’s repositioning strategy, I would do the following:
The Mission of the company is to produce world-class cameras marketed all over the world, produced at most optimum cost using best manufacturing practices, giving value for money to its customers and maximizing yield for its investors.
You may know him from his Lisa Simpson haircut or his mouth full of 24-karat gold teeth; he is the 19-year-old rapper that is taking the music industry by storm. In the past, two years his music has gained national recognition and appealed to all types of fan bases. He is a force not to be reckoned with and his name is Kodak Black. He is the self-proclaimed “Project-Baby” from South Florida that is giving rapper a run for their money. Jon Caramanica, from the New York Times, described Black as “an unlikely savior for a hip-hop industry that has lately been preoccupied with melodic-minded Drake clones. Instead, he’s an old-fashioned literalist and represents the perennial power of grit even in a time that’s squeaky clean.” Kodak Black is an
The problem in this case is Kodak's steadily eroding market share and shareholder value in the film rolls market. This is especially undesirable given the fact that the market has been growing at a tepid 2% annual rate and the steadily increasing threat from competition. Kodak needs to come up with a strategy for corrective action so as to arrest this decline, regain market share and increase share holder value. Kodak's strategy is to reposition itself by targeting a new segment of price sensitive customers and re-segmenting the super premium customers’ space by including a wider segment of special occasion customers.
The founder of Kodak, George Eastman, was a photography enthusiast and wanted to simplify the process of creating photos. Eastman established what was to evolve into the Kodak Company in 1880. The Kodak Company was built on four basic
It is considered that photography only became widely available to the public when the Kodak Eastman Company introduced the box shaped Brownie Camera in 1900. (Baker, n.p.) Its features became more refined since its original placing on the market; one of the reasons why it has become considered the birth of public photography is because of the processing. Using a similar image capture system, the brownie exposed the light to a 120mm roll of film, which could be wound round, meaning six photographs could be taken before the slides needed removing. The first Brownie used a six-exposure cartridge that Kodak processed for the photographer. (Kodak.com, n.d.) Realistically, the armature photographers did not need to understand darkroom processes,
According to the consumer feedback survey conducted by Nikon in 2011, the consumers considered Nikon digital camera as user-friendly, affordable price, well performance and good quality. The significant signal to explain this stage can be affordable price and good quality of the product.
Taking pictures with the Kodak camera was simpler than the earlier camera because first, it did not require a darkroom or chemicals and glass plates. It did not require any of these things because it was not only one person’s job to develop and take the photo. The photographer could send their camera in, and the Eastman Kodak Company would develop the pictures for them. “In the first year, 13,000 people paid $25 for a Kodak; they each took 100 pictures, returned the camera and within ten days, Kodak sent back the prints and camera with film for another 100 pictures,” (Buckland and Lefer 250). This opened up a whole new door for inexperienced photographers. All they had to do was take pictures, and send the camera
When Kodak began making changes to its organizational architecture in 1984, its current architecture did not fit the business environment for the industry. The largest factor that motivated Kodak to make this change was increased competition and decreased market share. Until the early 1980’s, Kodak owned the film production market with very little competition. This suddenly changed when Fuji Corporation and many other generic store brands began producing high quality film as well (Brickley, 2009, p. 358). Another factor in this change was technology advancements. As technology rapidly expanded in the 1980’s, other
The option can revamp its line of attack to surpass current expectations. Though this option has a high level of risk, if successful, would implement a drastic change to Kodak’s strategy and overall performance for the good of company leaders, employees, and stakeholders. The new CEO will be evaluated after one year by leaders, employees, and stakeholders.
In general, Kodak has done well in the innovation implementation. This paper mainly discusses the innovation system within the group also influence the innovation
Originally founded in 1880 by George Eastman, the Eastman Kodak company now stands as a leader in the infoimaging industry. Infoimaging is a $385 billion industry that consists of using traditional and digital film to allow people to capture and deliver images through cameras, computers, and the media. Currently under the direction of Chairman and CEO Daniel A. Carp, Eastman Kodak is divided into three major areas
The Eastman Kodak Company was established in the 1880’s as a film business, set on establishing its brand name in the marketplace through customer-focused advertising and growth through research and development and low cost mass production. The founder, George Eastman, described Kodak’s competitive philosophy by commenting that “nothing is more important than the value of our name and the quality it stands for. We must make quality our fighting argument” (Gavetti, Henderson & Giorgi, 2005).
Protected by patents, the competition for the company in the field of instant photography was low. The attempts to diversify