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If there is one company all corporate leaders should fear, authors Randal Moss and David J. Neff suggest, it’s not an Uber or a Facebook, it’s Kodak.
Kodak, the photography pioneer and household name, was once seen as unstoppable. In 1982, its payroll in Rochester, New York, had swelled to 60,400 workers, or 25% of the entire city’s population. Today, that number is less than 6,500 and the seemingly endless waves of layoffs continue.
“The companies that are failing to keep up are [the ones] not constantly evolving forward,” said Neff in a recent interview. In other words, there is no such thing as business-as-usual anymore. No incumbent is safe.