Saturday, February 4, 2012

You Will Go Bankrupt If You Don't Eat Yourself? / A Lesson for All Product Companies

Kodak is going BANKRUPT!

Former Kodak VP Don Strickland -

“We developed the world’s first consumer digital camera. Kodak could have launched it in 1992. We could not get approval to launch it because of fear of the cannibalisation of film.”

Steve Jobs -

“If you don’t cannibalize yourself, someone else will.”

Who is the Smarter CEO? This is the kind of thinking that Steve Jobs had and was able to change our world! Before the dawn of the digital camera, Kodak made nearly all of its money from selling film. In a similar manner, before the invention of the iPhone, Apple made a great deal of its money from iPods. Both the iPhone and iPad cannibalise sales of the iPod and MacBook Air, which were highly profitable major product lines. But Apple had the conviction in their belief that the iPhone and iPad were better products which would sell like crazy. Kodak didn’t have the same conviction in their digital technology. Nor the same vision.
Our world of technology moves so fast.....if you don't keep up, you will be left behind...I promise you that!

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