The problems of the management of Kodak Essay Example | Topics and Well Written Essays - 5000 words

The problems of the management of Kodak - Essay ExampleThis is so because success is based on an organisations ability to create, rather than predict the coming(prenominal) by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 199571).Within the context of todays global competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 20072). These researchers went further to argue that, this strategy has become quite common in many businesses including the sell clothing chain stores. The conventional vertical integrated company based business model is gradually being replaced by collaborative relationship mingled with many fragmented, but complementary and specialized value stars and constellation (Wu & Chien1).An alternative approach towards organisational success, one which is becoming increasing prominent and has attracted th e sustained attention of two domestic and international business scholars are core competences, capabilities and resources (e.g. Madhok 1998, Prahalad & Hamel1990, Hamel & Prahalad1994 ). In todays global business environment it is no longer sufficient simply to meet customers pray as time lineament and cost have become increasingly important in the phase of increasing competition (Petts 1997551).1.1 Capability and Competence of Eastman Kodak knob Focus and Problem Solving and JudgementStaffs are highly motivated, and the number of customers per employee ratio is high, the workforce is unionised. The company has access to financial market, which is not so wakeful to other competitors. The leverage ratio is very high (Debt to Equity ratio). As one of the organisations objective, to establish long term relationship with it customers through reliable and effectual services. The company is so effective in after sales and repairs services. Competencies provide a means of looking at those behaviours that differentiate the best from the rest and a common language for talking about critical on-the-job behaviours. Innovation and Strategic ThinkingBeing a pace setter in the persistence with the ultimate vision to be a world leader in photographic equipments, Eastman Kodak capabilities include, continuous innovation and strategic thinking in different markets, Because of the higher(prenominal) level of motivation, and self-management encouraged in the workforce, employees are able to come up with new features, and suggestions to management to developed new equipments. The company brand identity, it salient features associated with quality and general brand awareness in the market. The companys reputation for film quality was (as it still is) regarded as one of the companys key assetsLeadership and Results OrientationThe management expressive style and culture of the organisation are more family oriented. This has been responsible for the high level of profit being experienced by the company from creation, until the slump.With the leadership and technical chicane how of it founders and subsequent executives, the company developed it competences in innovation, product line extension and differentiation. The company was able to develop it core products and capabilities which included high end copiers, case-by-case use cameras, .In addition, the company had a