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What percentage of the US film market did Kodak control?
“Kodak was a company at the top of its game,” says Kamal, who has studied the Rochester-based business for more than a decade. “Kodak controlled almost 70% of the highly lucrative US film market.
What newspaper did Kamal send a letter to in 2006 about Kodak's strategy?
In 2006, Kamal sent a letter to the Financial Times, pointing out that Kodak's strategy was fundamentally flawed. “Kodak is better off taking a leaf out of Lou Gerstner’s strategy for re-inventing IBM – from a manufacturer to a service-provider,” he wrote.
What did Kodak need to teach people before it invented the film camera?
During the nineteenth century, photography had been the exclusive preserve of a small number of professionals, with their large-format cameras and glass plates. So when Kodak invented the film camera, it needed to teach people how and what to photograph, as well as persuading them why they needed to do so.
Why was Kodak a failure as a company?
Thousands of words have been written recently seeking to explain Kodak's failure. The company, all agree, was slow to adapt to digital, its executives suffered from a mentality of “perfect products”, its venture-capital arm never made big enough bets to create breakthroughs, and its leadership lacked vision and consistency.
Last Update: Oct 2021
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