Knowledge@wharton

When new technologies change the world some companies are caught off-guard. Others see change coming and are able to adapt in time. And then there are companies like Kodak -- which saw the future and simply couldn’t figure out what to do. Kodak’s Chapter 11 bankruptcy filing on January 19 culminates a long series of missteps including a fear of introducing new technologies that would disrupt its highly profitable film business. See acast.com/privacy for privacy and opt-out information.