Thursday, January 12, 2012

Perfect Products is Disasterous

In the Economist article about the collapse of Kodak, the story tells a tale of why Fujifilm is going strong while Kodak is seeking bankruptcy protection.

One reason is the monopolist mindset that RBOC's and Kodak have. That mindset is why products don't get launched quickly. Rivals with less market share can win by launching many imperfect products into the marketplace. Kodakk "executives “suffered from a mentality of perfect products, rather than the high-tech mindset of make it, launch it, fix it."" Software and apps developers think this way. Apple does not. Google certainly does. Failing is okay. Failing is important. It means you take risks. No risk, no reward. Also, failures have lessons embedded in them too.

Another quote from the article: "Even when Kodak decided to diversify, it took years to make its first acquisition. It created a widely admired venture-capital arm, but never made big enough bets to create breakthroughs, says Ms Kanter." It is pointed because I see it with the powers that be in Tampa and I see it with many service providers. They won't partner with others. They have to build it all themselves.

It's a good read.

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