David Mullen ASC
Moderator
I concede your point Tom but it's a bit glib or easy to just say that they should have found a way to turn the ship around ten years ago... when no one could think of a solution for Kodak -- except for this mythical "visionary genius" that they failed to hire.
(Also, remember that most visionary geniuses are not successful, some even got nailed to crosses or burned at stakes in the past.)
Kodak is in a unique situation, being a huge company built and centered around a singular product/process that is being obsoleted by a radically different, complex series of products and processes provided by a wider range of companies, some probably bigger than Kodak but many smaller. It's hard to think of a similar company with a similar level of dominance over a single type of product that had worldwide use. Of course Kodak has its hand in many other products, even since the beginning (like inventing the gel caplet for Vitamin E and setting up a separate subsidiary for its manufacture).
And yes, Kodak is unique in that it saw its demise coming for the past fifteen years, not many companies get that sort of advanced warning.
But basically they had three choices:
1) Learn to get smaller and smaller and then fade from history.
2) Diversify so much that film became a smaller and smaller part of their revenues
3) Radically shift the company around an entire new series of products and processes and kill film before anyone else did.
2 and 3 are similar and the truth is that it would turn Kodak into something else, maybe a Sony, and be made up of an entirely new workforce eventually -- it become Kodak in name only. That may be a success in the eyes of shareholders but not it would not be of much interest to me. And many loyal customers would not have been happy for Kodak to be the one to put the knife in film's back.
The ideal thing would be for Kodak, through this imaginary visionary leader that they hired a decade ago, to find the new imagemaking technology of the 21st Century that makes them the world leader again in that field.
But it's WAY TOO easy to say that -- you start to get into the realm of "sure it's possible... but it's not probable". Personally I don't think digital image technology can be dominated by one company the way that film technology was. It's not a self-contained end-to-end technology since it rides on the backs of the computer industry and other electronics suppliers.
Some of this comes down to how one views a company and what's most important about it -- for its leaders, its shareholders, its profits? For its products? For its workers, designers, inventors, sales people? Its values and how it contributes to society? How one thinks of a company will define how one thinks of it as being successful.
(Also, remember that most visionary geniuses are not successful, some even got nailed to crosses or burned at stakes in the past.)
Kodak is in a unique situation, being a huge company built and centered around a singular product/process that is being obsoleted by a radically different, complex series of products and processes provided by a wider range of companies, some probably bigger than Kodak but many smaller. It's hard to think of a similar company with a similar level of dominance over a single type of product that had worldwide use. Of course Kodak has its hand in many other products, even since the beginning (like inventing the gel caplet for Vitamin E and setting up a separate subsidiary for its manufacture).
And yes, Kodak is unique in that it saw its demise coming for the past fifteen years, not many companies get that sort of advanced warning.
But basically they had three choices:
1) Learn to get smaller and smaller and then fade from history.
2) Diversify so much that film became a smaller and smaller part of their revenues
3) Radically shift the company around an entire new series of products and processes and kill film before anyone else did.
2 and 3 are similar and the truth is that it would turn Kodak into something else, maybe a Sony, and be made up of an entirely new workforce eventually -- it become Kodak in name only. That may be a success in the eyes of shareholders but not it would not be of much interest to me. And many loyal customers would not have been happy for Kodak to be the one to put the knife in film's back.
The ideal thing would be for Kodak, through this imaginary visionary leader that they hired a decade ago, to find the new imagemaking technology of the 21st Century that makes them the world leader again in that field.
But it's WAY TOO easy to say that -- you start to get into the realm of "sure it's possible... but it's not probable". Personally I don't think digital image technology can be dominated by one company the way that film technology was. It's not a self-contained end-to-end technology since it rides on the backs of the computer industry and other electronics suppliers.
Some of this comes down to how one views a company and what's most important about it -- for its leaders, its shareholders, its profits? For its products? For its workers, designers, inventors, sales people? Its values and how it contributes to society? How one thinks of a company will define how one thinks of it as being successful.
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