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Leanna Byrne

πŸ‘€ Speaker
308 total appearances
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Podcast Appearances

Business Daily
Reinventing Kodak

But these days, the company wants to be known as a manufacturer.

Business Daily
Reinventing Kodak

Today, we hear from the chief executive of how the company reinvented itself and what it takes to bring an industrial icon back from the brink.

Business Daily
Reinventing Kodak

You might be old enough to remember what a Kodak moment is.

Business Daily
Reinventing Kodak

You think of handing in rolls of film, of glossy printed photos in your hand, organising them into albums.

Business Daily
Reinventing Kodak

Even the brand is recognisable, that unmistakable high contrast red and yellow.

Business Daily
Reinventing Kodak

But those were the days when it was a consumer camera brand.

Business Daily
Reinventing Kodak

And those days are gone.

Business Daily
Reinventing Kodak

That's Kodak's chief executive, Jim Continenza.

Business Daily
Reinventing Kodak

He took over the company when it went bankrupt.

Business Daily
Reinventing Kodak

It was one of the most dramatic corporate collapses of the digital era.

Business Daily
Reinventing Kodak

So how did the company get to that point?

Business Daily
Reinventing Kodak

Well, let's start from the beginning.

Business Daily
Reinventing Kodak

Kodak was founded in 1888 by George Eastman, a former bank clerk from Rochester, New York, where the company is still based.

Business Daily
Reinventing Kodak

At the time, photography was expensive, technical and elitist.

Business Daily
Reinventing Kodak

Eastman's slogan was simple.

Business Daily
Reinventing Kodak

You press the button, we do the rest.

Business Daily
Reinventing Kodak

Photography was something ordinary people could do.

Business Daily
Reinventing Kodak

By the early 20th century, Kodak was the dominant global photography company in the industry.

Business Daily
Reinventing Kodak

At its peak, it controlled 90% of the US film market and roughly 85% of camera sales.

Business Daily
Reinventing Kodak

It also employed tens of thousands in Rochester.