Wednesday, January 25, 2012

Kodak's failure was in their contentment with the status quo

Eastman Kodak was one of the best for-profit companies I have ever worked for. It was first to develop digital imaging capture techniques . . . but that was at the height of the film business and they were fat and happy, sitting on top of their bankroll and the industry. Failing to grab an opportunity was their downfall. At the core was the limited vision of the leadership.

Successful companies act strategically in down times in preparation for the upswing - lest they lose their edge and miss an opportunity. A good blog from David Curry on this: http://t.co/gYcpCluJ

A lesson for nonprofits: If you have reserves to expand and lay the groundwork for additional services - especially when the need is great, and your programs are successful - don't hesitate to use those resources. Perhaps that's why God provided them in the first place.

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