Comment by macintux
If you aren’t already familiar, Clayton Christensen’s theories on this, on innovation and disruption, are widely praised.
If you aren’t already familiar, Clayton Christensen’s theories on this, on innovation and disruption, are widely praised.
Sometimes there is no clear path from A to B. There is some weird fallacy where people tend to think every single company can make every single product if they simply hired the right engineers and throw money at it.
I think it comes from underestimating the role of process, structure, and competency, which are the DNA and codebase of a company.
Moreover, sometimes the most efficient outcome for owners is milk what you can from the business then close up shop. The idea of a public market with fractional ownership is you dont have to keep all your eggs in one basket.
Kodak does not need to become a cellphone company. You can take your dividends from Kodak and invest in Apple. When Kodak profits go to zero, you sell the the assets and move on.
I was basically agreeing with you earlier post. I do think that there is a bias where people tend to conflate a failure to believe for legitimate concerns. Both happen.
Maybe Kodak was right in the traditional telling of the story? What if the best course would have been to ignore digital entirely, milk film for all it's worth, and then go down with the ship?
https://hbr.org/2016/07/kodaks-downfall-wasnt-about-technolo...
Yeah, this is classic disruption. The amazing part is, I can almost guarantee that execs at Kodak read The Innovator's Dilemma, but it didn't help. Same goes for Nokia. Knowledge of the problem is apparently insufficient.