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Essay heading: Kodak Case Summary
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Business |
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| Date added: |
January 31, 2001 |
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| No of pages / words: |
2 / 358 |
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0 times |
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Essay content:
Should Kodak, a company whose name was synonymous with film and photographic papers, really exit a market so central to its identity?
Stockholders and stock analysts were questioning whether Kodak was moving rapidly enough into the digital photography market. As the price for digital cameras and photo printers declined, consumers were embracing the new technologies much quicker than Kodak executives had expected... displayed 300 characters
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As the price for digital cameras and photo printers declined, consumers were embracing the new technologies much quicker than Kodak executives had expected. Although international photography markets held out some promise for growth in traditional photography, Kodak knew it was only a matter of time before the whole world "went digital... displayed next 300 characters
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Concede the economy market and offer a film between "Gold Plus" and "Royal Gold." Replace "Funtime" with "Gold Premium Plus."
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? Retain Kodak's respected brand equity, no new product or packaging to detract from image as quality
? Higher gross margins (see Table 2)
? Distances perceived quality divide between Kodak and low-price competitors
? Maintains Kodak's reputation as a market leader, as opposed to a "me too" strategy of following competitors
Cons
? Concede economy market segment
? Give up some market share
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