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π· The Real Lessons from Kodak's Decline
Recognising change isn't the same as surviving it. Kodak didn't fail because it ignored digital β it saw the shift coming and even became a market leader in digital cameras. It failed because digital imaging was a low-margin commodity business and its legacy costs meant it couldn't compete
Recognising change isn't the same as surviving it. Kodak didn't fail because it ignored digital β it saw the shift coming and even became a market leader in digital cameras. It failed because digital imaging was a low-margin commodity business and its legacy costs meant it couldn't compete. A case study in how legacy structures, sunk costs and an ecosystem built around a disappearing product can make adaptation brutally difficult. Without a sustainable new model, even the best foresight won't save you.
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