Beyond me thoughts

 

Kodak: Missed opportunities in Digital photography. The Kodak company, a brand associated with trust and quality, was founded in the 19th century and was well known for its leadership in photography, which is synonymous with capturing memories. Their film, cameras, and processing labs were areas of inevitable visit for photographers and consumers alike. They were deeply invested in the market ( Achieveit, n.d.). What Went Wrong The unplanned and mismanaged opportunity of tapping into digital photography, a technology that was developed by their own engineer and in which Kodak itself had a hand in creating, triggered the downward spiral and eventual downfall of Kodak ( Tidd & Bessant, 2020) . The digital camera is an invention that could have positioned Kodak as a pioneer in the digital age. However, this opportunity was missed due to concerns about cannibalizing their lucrative film business, as Kodak refused to embrace this innovation as a technology for future use fully. ...

  S e rendipity In the history of innovation and discoveries, serendipity has been a remarkable phenomenon. Serendipity is the beneficial occurrence and development of events and has led to several remarkable discoveries and innovations. One such discovery is that of the pacemaker. The invention of the pacemaker is a classic example of serendipitous discovery and demonstrates how accidental findings can lead to groundbreaking innovations in science, including in the field of medicine.  In 1956, Wilson Greatbatch, an American engineer and inventor, was working on a device designed to record fast heart sounds. While assembling the components for this device, he installed a resistor with the wrong resistance value. Recognizing the potential significance of this accidental discovery, Greatbatch realized that these electrical pulses could be used to regulate the human heart's rhythm and that the device invented at this point could be used to control irregular heartbeats, a conditio...

  Analyzing the strategic failure of Kodak's inability to plan for the future of the digital photography industry. Kodak's failure to adapt to the changing dynamics of the camera industry serves as a prominent example of strategic mismanagement and a lack of foresight. The key factors to Kodak’s failure include. Failure to embrace digital technology, which it invented and pioneered, and Kodak’s over-reliance on film. This was due to poor strategic vision and planning by its management ( Achieveit, n.d.). The management’s short-term focus was on its revenue streams, neglecting the development of a long-term strategy for the future of digital photography, which it had invented. This was evident in its poor strategic agility needed to respond to market changes or innovative ideas ( Tidd & Bessant, 2020) . Overall, it was a missed opportunity for disruptive innovations, underestimating the potential of digital photography while competitors gained significant competitive a...