Kodak declares bankruptcy: The company that captured the 20th century (Photos) - 0 views
-
Unable to keep up with the 21st-century transition from film to digital technology, Kodak listed a debt of $6.8 billion
-
Kodak has been felled by exactly what it espoused: universal access to cameras.
-
The main social and ethical issue that this article brings up is that of people and machines. The fact that Kodak has declared bankruptcy is hardly surprising, as though they were the company who worked so hard to develop the world of photography, they have failed to develop themselves in order to adapt to the new world of photography, while other companies such as nikon, samsung etc, have by constantly creating new digital cameras with new attractive features. This article is recent story of how Kodak are trying to sue Samsung for potentially infringing one of their patents: http://www.bbc.co.uk/news/technology-16631710 This article is prime example of how having an innovative idea is simply not enough to be successful over an elongated period of time: Just because Kodak had the idea of digital photography, that does not mean that they did not have to compete with other companies to remain the leading brand in photography. It seems to me that Kodak's complacency after having had the idea of digital photography led to their downfall. Explain the relationship between the IT system (digital photography) and the social/ethical (people and machines) The article shows how for the the public to continue to have an interest in machines such as digital cameras, they must continue to be developed, improved, updated and upgraded, as the appeal of new technology attracts customers. In this case, Kodak failed to keep up with the rate at which the world of digital photography is evolving.
-
http://gigaom.com/2012/01/19/why-kodaks-bankruptcy-should-scare-nokia/ Is Nokia the Kodak of the mobile phone world?