this post was submitted on 10 Aug 2023
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Then later they almost shut down their entire consumer film production because of digital cameras. So they were right in thinking it would massively impact them, but made some very wrong choices because of it.
If only they would've started first instead of pretending change wouldn't happen.
So suppressing the next big competing technology just put their company behind after it became ubiquitous? Is there a lesson to be learned here? I don’t have time to figure it out—somebody’s gotta mine all this coal.
Kodak management: Consumers don’t want instant gratification!
It's a bit like discovering electric lighting and brushing it under the carpet, since your candle factory is blooming, while thinking/hoping that no one else will ever see a future for electric lights.
It must be one of the biggest faux pas in corporate history.