Kodak and Fujifilm
Describe the history and core business of each company.
Kodak, which was once known as Eastman Kodak Company, was founded by George Eastman in 1888. This invention enabled inventor Thomas Edison to create the first motion picture camera in 1891. Kodak’s photography and imaging was its main big thing and was widely used from photography equipment to film, paper and color chemicals. Kodak set the standards high for quality when making its motion picture films. (Kodak) In the 1980’s, Kodak’s market share reached 90%. In the 1800’s he also invented an emulsion-coating machine which enabled him to mass-produce photographic dry plates, he was one of the first to prove the great convenience of gelatin dry plates over the cumbersome and messy wet plate photography prevalent in his day. Dry plates could be exposed and developed at the photographer 's convenience; wet plates had to be coated, exposed at once, and developed while still wet. The name "Kodak" was born and the KODAK camera was placed on the market, with the slogan, "You press the button - we do the rest."(Kodak) Kodak went on to become one of the biggest expanding the major impact it brought to pictures. It grew into helping the health industry by devising films that detected radiation exposure for developing the atomic bomb. (Kodak) Kodak went on to play significant roles with joint ventures from Nasa, Sun Chemical, and other big ventures. By 1962 the company’s U.S. consolidated sales exceed $1 billion for the first time. Its work force tops 75,000. Today Kodak’s estimated total market capitalization is about $900 million (Forbes) Kodak was a pioneer of photography and imaging and that was its core business. Kodak came before Fujifilm and was able to evolve and adapt quickly to the market changes. In January 2012, Kodak filed for Chapter 11 bankruptcy protection in the United States District Court for the Southern
References: Kodak Fujifilm.com camersabout.com Forbes petapixel.com Houston chronicle, by Amber Keefer, Demand Media