What killed Kodak?

Kodak wasn’t a late-comer to digital photography. In fact, they invented it. Its engineers pieced together a large, boxy prototype in 1975, calling their new technology “filmless photography.” In 1991, they partnered with Nikon to market a professional-grade digital camera, and in 1996, they debuted their first point-and-shoot. Still, compared to competitors such as Fuji and Olympus, Kodak moved slowly, choosing instead to focus on its core business of making and selling analog camera film.

As Jon Carroll put: “Companies need to regularly ask themselves, ‘Are we in the steam locomotive business, or the transportation business?'”