Question

In: Operations Management

write an introduction about KODAK and in a separate paragraphs write the background about kodak.

write an introduction about KODAK and in a separate paragraphs write the background about kodak.

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Expert Solution

Answer: Introduction

The Eastman Kodak Company, referred to around the globe as Kodak, is an American imaging organization that started in the nineteenth century as a pioneer of photography. Joined in New Jersey, the partnership was established in 1888 by George Eastman in Rochester, New York, where its central command are found today. Kodak was at one time the 800-pound gorilla in the realm of photography. Be that as it may, following a time of predominance, Kodak's business disintegrated and it had to bow out of all financial obligations in 2012. In February 2012, without precedent for Kodak's history, the organization expressed that it would stop all creation of computerized cameras, pocket camcorders, and advanced picture outlines and rather focus on the computerized printing market. While catching pictures has been the essential crucial Kodak's history, as of late, it has gotten known for fast business inkjet squeezes, work process programming, and home photograph printers. A large number of these items are found in workplaces around the globe today.

Background

Kodak was likewise brilliant enough to include itself in the printing procedure of photographs too, and it made a huge benefit explicitly from film advancement alone. The organization was instrumental in creating shading isolated, great printing all through the 1950s and 1960s. Since Kodak's commencement, it presented a few camera models, including the Retina Series 35mm Camera in 1949, which stayed a well-known staple until 1956. At that point in 1959, the primary programmed Brownie camera, The Starmatic, was brought to market, and it sold 10 million units inside the initial 5 years. By 1963, the Instamatic camera was presented, and it got well known as simple to use a model that was anything but difficult to stack. Kodak had the dominant part piece of the pie of the photography business by the end of the 1960s. The organization had over $4 billion in deals and 100,000 workers. Kodak was even answerable for the film of John Glenn's circle of Earth in 1962 and the first since forever photograph of the planet Earth taken from space in 1966. Tragically, without precedent for Kodak's history, it couldn't keep up the energy, and it inevitably missed out to Japanese contenders that aced computerized innovation. In any case, the organization utilized its protected OLED innovation to make stunning advanced photograph outlines all through the early and mid-2000s. Be that as it may, because of an uncertain market, helpless advancement, and sticker stun, Kodak's initial computerized cameras were not exactly well known. Thusly, it offered its OLED resources for the LG organization in 2009. Kodak had moderate achievement and solid basic praise for the easy to understand EasyShare line of advanced cameras and printers, however, it showed up in an inopportune way. They saw a neglected buyer opportunity and built up an arrangement of PC photograph sharing items and administrations to meet this unfulfilled specialty for clients, yet this came past the point of no return.

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