What lessons can we learn from Kodak's decline?
Kodak's decline teaches us about the importance of innovation and adapting to market changes.
What specific mistakes did Kodak make?
Kodak failed to embrace digital photography early on, sticking too long to film, which led to its downfall.
How could Kodak have turned things around?
Kodak could have invested more in digital technology and shifted its business model to focus on digital products.
Are there other companies that faced similar issues?
Yes, companies like Blockbuster and Nokia also struggled to adapt to technological changes, leading to their decline.
What can current companies learn from Kodak?
Current companies should prioritize innovation, stay attuned to market trends, and be willing to pivot their strategies.
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