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Why this is Indian IT industry's Kodak moment ITeS
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Newspaper Article
Why this is Indian IT industry's Kodak moment ITeS
2017
Overview
Between 2003 and 2011, Kodak gradually cost-cut its way to oblivion shedding 47,000 jobs, 13 manufacturing plants and 130 processing labs. It never made a profit after 2004; by 2012, having run out of cash, Kodak declared bankruptcy and was delisted from the New York Stock Exchange. [...]Kodak's arch rival and perennial number 2, Fuji Film managed to successfully diversify into cosmetics, optical films and chemicals, and survives with a market cap of $19 billion. Over just 18 months, he restructured Fuji, slashing costs and jobs, shedding factories, development labs, distributors and employees to improve cash flow. When a company is sitting on lots of cash, fat margins and a good market share, it's hard to create a sense of urgency in the organisation and among its shareholders. The need to somehow deliver quarterly earnings, serve existing customers, maintain profit margins, manage the many daily operational challenges, all consume the...
Publisher
Bennett, Coleman & Company Limited
Subject
