Kodak's Financial Struggles and Lessons

What drastic step is Kodak taking to address its financial struggles?

• Acquiring a tech company

• Launching a new camera line

• Ending its US pension plan

• Expanding into new markets

What is the main financial challenge Kodak is facing?

• Competition from new startups

• Debt repayment without committed financing

• High employee turnover

• Lack of innovation

What does the shift from employer-backed pensions to self-funded retirement plans indicate?

• More benefits for future employees

• A shift in risk from employers to employees

• Decreased financial responsibility for employees

• Increased job security

How did Kodak's decision regarding digital cameras impact its future?

• It led to a decline in their film business

• It improved their financial stability

• It boosted their market share

• It caused them to miss out on the digital revolution

What was Kodak's market share in the US film market during the 1970s?

• 100%

• 90%

• 70%

• 50%

What was Kodak's initial reaction to the invention of the digital camera?

• They embraced it immediately

• They sold the technology to a competitor

• They ignored it completely

• They hesitated to push it forward

What industries did Kodak move into after stopping consumer camera production?

• Automobile manufacturing

• Commercial printing and pharmaceuticals

• Real estate and construction

• Food and beverage

What was one of Kodak's few bright spots in its current business?

• Advanced materials and chemicals

• Retail stores

• Consumer electronics

• Digital marketing

What lesson can be learned from Kodak's failure to adapt to new competition?

• Stay flexible and aware of indirect competition

• Ignore emerging technologies

• Rely solely on past successes

• Always focus on your core product

What is a key takeaway regarding financial planning from Kodak's story?

• Invest all savings in one company

• Avoid reviewing financial plans

• Maintain a diversified portfolio

• Rely on employer-backed pensions