Kodak and Fujifilm

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Running head: KODAK AND FUJIFILM 1 Kodak and Fujifilm Gary Harris Professor Gordon B. Russell BUS 302 February 2, 2013 KODAK AND FUJIFILM 2 In the market of photographic film and developing, Eastman Kodak and Fujifilm have fared very well in their businesses. Kodak has enjoyed financial success throughout the U.S., while Fujifilm has enjoyed financial success throughout the U.S., Japan, and other countries. In this day in age technology is rapidly changing and it is up to businesses to adapt to such changes or risk going under. Kodak and Fujifilm have been competing vigorously for the bigger share of the photographic film market. In this paper I will describe the history and core business of these two companies, compare and contrast their approaches to management in the aspect of innovation, evaluate both companies’ approach to ethics and social responsibility, discuss their adaption to changing market conditions, and recommend ways a company can build in flexibility to back up its decision making progress in adapting to changing market conditions. History and Core Business “You press the button, we do the rest.” This was George Eastman’s advertising slogan for his Kodak camera when his company, Eastman Kodak Company, was founded in 1888 (Bellis, 2013). Before then Mr. Eastman was in the photographic business, having begun the commercial manufacture of dry plates in 1880 (Bellis, 2013). The next year he and his partner, Henry A. Strong, opened the Eastman Dry Plate Company. In 1883 Mr. Eastman announced the invention of photographic films in rolls, with a roll that could adapt to any plate on the market in those days. In 1888, with the founding of his company,

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