Kodak Tries to Reinvent After Struggling to Adapt | WSJ
2024 ж. 22 Мам.
104 282 Рет қаралды
At its peak, Kodak was the early 20th century equivalent of Google or Apple, possessing a near monopoly in the film business. But those days are long gone. Here's why the company's glossy image failed to withstand the test of time. Photo Illustration: Carter McCall/WSJ
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#WSJ #Kodak #RiseAndFall
Journey from top notch company to a corporate case study😎👍
“You can learn a lot from your mistakes when you aren't busy denying them.” ― Oscar Auliq-Ice
Kodak is brand word in the Philippines when we take pictures. We will say "let's kodak" (pa-kodak tayo!) meaning, let's have picture.
Just like Colgate, which is synonymous with toothpaste, Frigidaire with refridgerator.
Yung pa Xerox ginagamit pa din hangang ngayon.
Lorenz San Juan more like q tips and bandaids, which are literally word companies.
I guess not anymore. Haven't heard that in my 22 years of existence.
Eponyms!
KODAK BLACK PROJECT BABY
I just saw a Fujifilm Instax ad on this Kodak video
So what happened to Kodak's competitors? Fuji film diversified into semiconductor materials, optical devices, medical and graphic systems and is still profitable. Agfa film diversified into radiology, Imaging sign & display printing.conductive polymers, materials for the production of high-security ID documents and is also still profitable. The Europeans and Japanese reacted by going into more specialised engineered products, the US by running around trying to market every consumer bric a brac.
Exactly, Kodak’s core business was chemical engineering and material science. In a hindsight, they could’ve adopted a similar approach to the Japanese and Europeans but rather Kodak was taking a bet on a single consumer hobby. From my understanding, the largest players in the imaging industry: Sony, Canon, Nikon, and Fuji aren’t focused on consumer or professional photography, rather it’s a subset of their work that faces the end consumer. Fuji is deep into medical imaging and pharmaceutics among the others you mentioned. Phones effectively spelled the death for the consumer camera segment, relegating cameras into a feature, and not an complete product. Kodak could’ve possibly seen this, especially since Nokia and competing brands were already introducing cameras to their quite frankly dumb phone.
Although Kodak film is now a legend but in 1994, Eastman Chemicals became an independent corporation from parent company Eastman Kodak. Eastman Chemicals is now a diversified business and producing a broad range of advanced materials, chemicals and fibers, with above $9B revenue in 2019. They acquired in 2012 the business of Solutia Inc. that produces specialised chemicals Therminol and Saflex (S-2075 plasticizer); [The product end uses are photovoltaic heat transfer fluids used in solar electricity plants, and Saflex in architectural glazing and automotive glazing]. In 2014, Eastman acquired Taminco Corporation with businesses in specialty amines and crop protection chemicals. Now, who said Eastman Kodak business is dead? It is now a devolved and thriving business organisation.
@@69erone-half50 So Kodak did follow the route of others into specialty chemicals, but unlike others in a fit of financial engineering it spun off the resulting enterprise. So why the hand wringing from WSJ? If Kodak insists on profiting through asset disposals maybe it should have turned itself into a private equity concern, then it could have grown, acquired and disposed of business units for profits. Its current strategy of looking for the big consumer hit in order to replicate its halcyon success is - at least according to the market and the WSJ, clearly not working.
Kodak shut down it's research and development department while they were battling cell cameras.
*sent via iOS, Android, MAC, Windows. On youtube. All of which are products from American companies. Oh the irony. Research before trying to insult. Smh.*
It's sad but time changes. Kodak, you will always be a part of our memories. 😭
If you’re watching this video from a Kodak, you’re a legend because there’s no way that can happen
Today's market is very difficult. Every single ideas are already existed or inprogess which makes new age entrepreneur very hard to invent new ideas.
It'll be more accurate to say that the cutting edge ideas are now out of reach of the common people and is only accessible by academia. Innovation still happens, but in different places
These Rise and Fall videos are getting really popular
It's the best format for learning.
excellent journalism
"Innovation distinguishes between a leader and a follower." --Steve Jobs
...and yet, Apple has invented NOTHING.
NEXT: Ford and GM!!
"Those who never change their mind never change anything." ~ Sir Winston Churchill.
Churchill was racist
The last frame in this video 😋😂😂😂
Eastman Kodak is now a devolved business organisation. In 2013, the company re emerged from bankruptcy and is now an independent company, the Kodak is now part of Kodak Alaris. Also, Eastman Kodak management did react early in 1994 to form the Eastman Chemicals corporation. It is now a thriving business organisation.
smartphones or cheap flip phones with cameras can create kodak moment
1:30 I see WSJ does go way back👍
“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
"The moment we face it frankly we are driven to the conclusion that the community has a right to put a price on the right to live in it … If people are fit to live, let them live under decent human conditions. Is it any wonder that some of us are driven to prescribe the lethal chamber as the solution for the hard cases which are at present made the excuse for dragging all the other cases down to their level, and the only solution that will create a sense of full social responsibility in modern populations?"
All quotes are just ''Confirmation bias'' dude..very childish. It's all about bringing value to the world whether you adapt to the world or you persist in trying to adapt the world to you. Apple adapts to world's need of better price of iPhones for the right conpromises like iPhone xr and 11 but also try to make the world adapt to them when they remove floppy disk, removable batteries, cds, keypad and more. It's about value to people. Kodak didn't offer better value for the price for the people compared to the value that new technologies offer.
Samuel Manny One more quote for ya, _dude_ : “Who Are the People Most Opposed to Escapism? Jailors!” -Arthur C. Clarke, who in turn attributed this line to C. S. Lewis (there is some uncertainty as to whether Clarke misattributed or mistranslated, but I’ve read a lot of Clarke, and yes, Clarke, at least wrote it) ...and _dude,_ you really sound like the kind of person who would jail the rest of us in his thought prison, enjoying the suffering of the condemned. _Dude._
Angus MacFrankenstein ... put the meth pipe down homie.
Forgot what decade it was when I saw the interlacing throughout this video.
wow what an amazing company... really hope they find a new path...such innovations
Yes they did. Eastman Chemicals is defused from parent company Eastman Kodak. It is now a thriving chemical company with over US$19B revenues in 2019.
Does anybody know the narrotorI love his voice
Changes wont change
No word on the film resurgence.
Canon is doing just fine today as it has ever been; Kodak simply didn’t do a good job and so people have abandoned it. The stand-alone camera market is as big as it has ever been. The mirrorless cameras today are no bigger than the old point-and-shoots, and are also point-and-shoot level simplicity. Smart phones have never really taken over the photography market. The old point-and-shoots are replaced by the new generation of digital mirrorless cameras and DSLRs that are more easy to use while delivering professional level images to households.
how many companies did Apple stab a knife into? Nokia, Windows Mobile, BlackBerry, Palm, IBM, Kodak...
They used the money- loans for execs stock options.
Kodak = amazing company .
@oneviwatara The stock just increased.
Kodak needs to bring back more film stocks.
@WALL STREET , WHAT ABOUT KODAK PRINTING PHOTO POLYMER PLATES , THEY ARE BIG IN FLEXOGRAPHY PRINTING
🤯🤯🤯
remember when making stage coaches was the height of technology
Financial reporters have the best puns
You should have pevit to selling camera parts for smartphone makers or sell smartphone with amazing cameras.
That second suggestion isn’t possible because Kodak isn’t a smartphone manufacturer. The smartphone destroyed many products, and it will probably destroy TV next.
I think this is the future of Apple inc.
You are probably right
I sincerely hope that Apple will not follow the same path of Kodak with their lack of innovation cause honestly, Apple products these days have been rather boring.
I disagree. Although boring, their products are always successful and sell well, and have a much stronger base than Kodak ever has.
@@NumbaoneGuy Stronger base? Not even close. Kodak once had about 90% market share in cameras and film. Apple has never reached anything near that in its respective segments.
KK Foto good for you
@@NumbaoneGuy OK, sheeple
KK Foto chill bro
Ironic since Kodak originally invented the digital camera.
👍
KODAK TENÍA LA CÁMARA DIGITAL HACE 40 AÑOS PERO DECIDIÓ NO COMERCIALIZARLA. VINO SONY Y SAMSUNG Y LO ATRASARON.
All companies will meet their end. It's not a question of "if", it's a question of "when". If I happen to be alive to see the end of Google, Apple, Amazon, Microsoft, Facebook then I would have seen humanity stepping into 22nd century. Just like Kodak demise and Apple's rise signaled that we are stepping into 21st century.
We have Kodak TVs here in India (licensed)
The Kodak name has been slapped on many products by other companies that as you say just license the name. But none of it is made by or has any actual connection to Kodak.
@@SabundyYeah, I have seen the Kodak name on random stuff, ranging from earphones to t-shirts. I am not old enough to see the glory days of Kodak (I am 24 years old) but I remember that they were still big in the 2000s (or at least they still sold cameras back then). Now they are just struggling.
@@marknemeth267 exactly my friend. Those are all good points.
Kodak had the patents on digital photography... but they didn't want to abandon film (the cash cow).
I worked for Kodak. It was a great company Arrogance is what kills companies and countries I feel the same about my country. So sad, but that is where we are going, irrelevance
WRONG
Yes.... people are reluctant to change.... even if that change prevents death. Unfortunately people cling by mimicry, false hierarchy and fear of authoritarian violence. Progress is actually repressed and denied by such "groupthink". Corporate psychology becomes groupthink. Anyone trying to progress is fired. See Nvidia. See Zoom. See Pixar. See countless examples....
they just gave up on consumer market...
kodak film = gold stander digital change everything same with fuji
*Change is the Law of Life.* ⚡ And those who look only to the *Past* and *Present* are certain to miss the *Future.*
Kodak moment didn’t Eastman sell almost everything to Motorola when it went bust?
ram64man no
They sold a lot ..... especially their patents (incredibly stupid as patents are very valuable) to Apple and Samsung. And then they sold other various parts of the company. Now it's just a shell of it's former self.
Hola cómo estás llequeeee
Save kodak portra 400 at all costs
Including Portra 800 as well
Anything run by old men fails. They don't want to change with the times.
So sad they couldn't keep up in the digital age. Sigh.
Nick cage needs that cash he will get on just about anything..lol
Why do American people buy Japanese cameras instead of American products?
Hello Human Osakaboyz post was a rhetorical question. Some cultures, like the Japanese, are loyal to their own products and output no matter what.
Kodak should have competing with Leica . I wish they make $5000 camera .
The Kodak government loan fiasco is a lot more shady than it appears in this video.
Kodak embroid in a corruption scandal
3:41 Those days it was Japan, now it’s China
back in day.. japan mid income made 3 times more than other country so they go after japan.. and japan just don't let anyone.. nothing new there...
Kodak is a chemicals company not a digital product company
Kodak should partner with Go pro camera company
I always under impression Fuji is number 1 (I'm talking about 1990-2000 era), and Kodak is the cheaper not so far behind 2nd grade (that you would get if you are on budget)..
film photography is actually ramping up in popularity, at least, and kodak portra 400 is always sold out these days. you cannot replicate a film look with a digital camera and younger people have started to yearn for analog things as they realize the magic is lost with cell phone photography for example. just check out film cameras ramping up in price on ebay, even super common ones like canon ae-1. check out #filmisnotdead on instagram. kodak should figure out how to make shooting film cheaper, that's the biggest issue. where i am in canada it works out to like $1/shot.
*Save 35mm film at all cost!!*
If China buys kodak it would be awesome
Kodak had anti trust issues?? Wow!
Isn’t Kodak that scammy KZheadr
a company took don the con at his word and got burned? gosh, that never happens. X-D
Has to be one of the most ridiculous narrating voices i've ever heard in my life.
Is it Nicholas cage? Sure sounds like it 😆 🤣
Yeah it's good ole nick...lol
I see. Kodak destroyed itself due to Vested Interest. The Donald gave it another Vested Interest job HEALTHCARE with it's 18% share of the American economy. 😔
Crooks
Apple bias, they gave AAPL too much credits.
Kodak must win over legal objections and re-invent itself to produce great cheap medicines for Americans This report is BS propaganda - dressed up as cute history lesson.
Oh please. Lots of other companies have made it. Agfa,Fuji are still going strong. The Prez is already poor in his past business choices. I can't recommend anyone to seek his advise of help. His history of being a serial bankrupt genius is already painful. Him disguising Pandemic stimulus to in order revive a dead is just channeling funds using his very own past bankrupt methodologies. Kodak era is gone. We're in an era that even new emerging technologies have to strive to thrive. Stop giving CPR to an old dead horse. It's time is gone. Accept it. We live in a new age . Diversification will not even offer much . Competition and play field is already owned by very many big giants.
MAGA
who cares in 2020?
uttaradit2 People with brains.
This is a weaselly stupid video that completely glosses over how corrupt and moronic Kodak's board was (look up all the Kodak lawsuits in recent decades) and how bungling and clueless the CEOs they appointed were. As was the case with all notable fades and failures of long-time companies recently, there was plenty of time to fix things with even semi-competent management, but.....
Ok... so the legendary company suffers from the very common problem of BOARD OF DIRECTORS are OLD IDIOT DOGS who simply cant evolve with changing times and need to RETIRE... And the funny thing is that the majority of the revenue was from FILM...