10 Companies That Failed To Innovate and Change

Eastman Kodak Company Common New (NYSE:KODK)

The numerous ways that Kodak has fumbled would be enough for a list article of its own, but we’ll focus on a crucial mistake: the company actually created the first digital camera in 1976, but because it was afraid that the camera would cannibalize film sales, Kodak shelved the project. By the time it decided to sell digital cameras in the mid-2000s, it was undercut by rivals that could create cheaper cameras, while film sales continued to decline. In the end, Kodak went bankrupt in 2012. And now, let’s see what else we have in our list of companies that failed to innovate and change.

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