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Essay heading: Kodak at the Digital Crossroads
 
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Issue: Business
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Date added: January 8, 2005
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No of pages / words: 7 / 1904
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On September 25, 2003, Kodak's CEO, Daniel Carp, proposed that the company invest more heavily into the digital market, and devote its resources to becoming a "digital-oriented growth company" in anticipation of becoming a $20 billion company by the year 2010. Are these realistic expectations, for a company whose foundation and history are based in the traditional film industry, and whose competitors are leading the way in an industry where innovation and differentiation are the keys to success? Financial Analysis Kodak's financial performance from 1993 to 2003 supports their steady decline in the photography industry...
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In 1993, they reported operating income of $3,122,000 down to $1,848,000 by 2003. This decline represents more than a 40% decrease in just ten years. In analyzing their Income Statement and Balance Sheet from 1993 to 2003, there are evident declines across the board in their entire financial performance...
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