It is common sense for a company to lower their costs when they are aware of the upcoming losses from the market. Unfortunately, Kodak was slow to realize that where Fujifilm adapted to it quite quickly, After many power changes, the eventual leader Shigetaka Komori put the company on the right path.

The restructuring and the remodeling plan that he started, he basically went onto lay off people and cut down the costs. (the Economist, 2012) in just eighteen months, Komori ensured that the development labels, managers and researchers that were extra, and extra costs were removed from the company. Surely, it was not an easy task to lay off people but the entire change basically reduced the cost about 2.5 billion dollars. (Inagaki and Osawa, 2012)

From all this discussion, we basically see that a failure to change and a lack of strategic planning can cause any company a...
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