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Attempts to diversify its chemical operations failed, and as a turnaround strategy in the 2000s, Kodak instead made an aggressive turn to digital photography and digital printing. [13] These strategies failed to improve the company's finances, and in January 2012, Kodak filed for Chapter 11 bankruptcy protection in the United States Bankruptcy ...
On May 19, 2005 Pérez was named CEO of Kodak after the retirement of Daniel Carp. On January 1, 2006, he became chairman of the company's board of directors. Under Perez, who joined Kodak from Hewlett-Packard in 2003 and became chief executive in 2005, the company tried to reinvent itself by focusing on printers, packaging and work force software.
This decision can lead to either success - as it was the case for Coca-Cola when introducing a new line of drinks - or failure, as it was the case for Kodak who went from commanding 85% of camera sales in the U.S., according to a 2005 case study for Harvard Business School, to entering Chapter 11 bankruptcy and being delisted from the New York ...
This week I want to highlight of Eastman Kodak's (OTCBB: EKDKQ.PK) Antonio Perez, a CEO that I could actually make a very good case for being the Gaffe of the Past Decade. The dunce cap
Changing Focus: Kodak and the Battle to Save a Great American Company is a book about the corporate history and future of the Kodak corporation. In particular, it discusses Kodak's efforts to maintain and diversity its photography businesses in the face of challenges from digital photography, and the mixed results of these efforts.
For example, in the 1990s Polaroid’s management failed to respond to the transition from analogue to digital photography, although the rise of digital technology had been evident since the 1980s. [4] Other well-known examples of companies that got caught in the success trap include Nokia, Kodak, Rubbermaid and Caterpillar. [4] [5] [6]
But on the other side, and somewhat strangely to me at the time, most growth strategies failed to achieve impact. The myth of business-model transformation So, I decided to get into the trenches ...
The Icarus paradox is a neologism coined by Danny Miller in his 1990 book by the same name. [1] The term refers to the phenomenon of businesses failing abruptly after a period of apparent success, where this failure is brought about by the very elements that led to their initial success.