In 1975, Kodak invented the world's first digital camera, but executives deliberately hid the invention in a safe because they feared it would destroy their profitable film business. This fear of innovation caused them to ignore the digital future, allowing competitors like Sony and Canon to capture the market. When Kodak finally reacted, it was too late, and the 130-year-old company filed for bankruptcy in 2012.
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The Company That Invented Its Own Killer 📸Added:
In 1975, a giant corporation invented the technology that destroyed it. An engineer at Kodak created the world's first digital camera, but executives hid the invention in a safe. They feared it would kill their profitable film business. Instead of investing, they ignored the digital future. Competitors like Sony and Canon took over the market. When Kodak finally reacted, it was too late. In 2012, this 130-year-old empire filed for bankruptcy. Fear of innovation killed a giant.
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