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Kodak. A fallen corporate giant. contents. About Kodak Kodak’s gaffes (Missing market opportunities ) Lessons. Eastman Kodak Company. The Market Opportunities that Kodak missed since the 1960s :. Instant photography. Xerography-photocopying. Instant photography. Advantage:.
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Kodak A fallen corporate giant
contents • About Kodak • Kodak’s gaffes (Missing market opportunities ) • Lessons
The Market Opportunities that Kodak missed since the 1960s : Instant photography Xerography-photocopying
Instant photography Advantage: Customers can see their photographs instantly instead of waiting to have Kodak developed. The Needs of Customers Kodak’s response: Kodak’s managers thought the company’s customers would never accept the grainy, less-defined photographs that instant cameras produce. Its own silver-halide technology was so superior
Xerography-photocopying The Needs of Customers, new machine Advantage: Xerography was a major breakthrough. Kodak’s response: Believing its own silver-halide technology was much more high-quality Xerography produces poor-quality images. This is not our business.
LESSONS The that we can draw from Kodak’s flawed marketing strategies: • Not be over infatuated with one’s own patents • Persevere in the customer-oriented approach • Never forget the true purpose of one’s business