50 renowned corporations

that failed to innovate

By Prowriter1299 21-11-2020

The modern technology and science have afforded innumerable boons to humanity ever
since it came into existence. A plethora of companies were commenced to cut short the
incalculable spans thereby transforming the world into a global village. Companies have
endeavored hardly to revolutionize the word by various tremendous technologies they
have yielded. As a matter of fact, every corporation launched its product or service
initially that was embryonic in regard to its lucrativeness and thus needs to innovated and
revamped with the passage of time. Indubitably, innovation or addition of more features
in the product or service is mandatory in order to meet the needs of the customers as well
as compete with the other rivals in the industry. The companies that started tremendously
may fail and even consigned to oblivion if they ossified in innovating their products. We
have dedicated this article to articulate the disastrous tales of 50 renowned companies
that could keep pace with the world in bringing innovation to their products. So let us
start without further ado!
50 companies

1- Kodak:

It is also known as Eastman Kodak Company that was renowned at once for its fine
photo-graphic devices. It was founded in 1888 by George Eastman in Rochester, in New
Jersey. Kodak rose to prominence in the photo-graphic film market for the dominant part
of the 20th century. They had even the privilege to invent 1st digital camera in 1975.
Unfortunately, the company bankrupt in 2012.

Causes of failure:
The technology of graphics, films and photography had innovated with the passage of
time. On the contrary, Kodak refused to embrace the new technology though it invented
digital camera but did not launch in the market with the trepidation of losses of bad
effects on the market and sustained their business of films and paper thereby
marginalizing the new technology. That is why; Kodak met its demise in 2012
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