Barriers to Change: The Real Reason Behind the Kodak Downfall

John Kotter talks about Washington's complacency problem and how it's affecting the debt ceiling deb

John Kotter talks about CEO Andrew Mason's strategy for Groupon to keep its sense of urgency high an

FedEx profit dropped less than expected. General Motors will buy back 200 million of its shares. Getco will buy Knight Capital for $1.4 billion. Kodak is selling patents for $525 million.

While complacency can be destructive to an organization???as I explained in my article on Kodak a few weeks back???there is some good news: it can also be eradicated. In the clip below, Bill Taylor and I continue our chat about complacency, and offer a few tips for leaders looking to eliminate it from their organizations.

John Kotter on understanding change in a business

? After 120 years of life, Eastman Kodak (NYSE:EK) is about to become a distant memory like the images its innovative technology captured in photography. What caused the downfall and demise of this iconic company? Entrepreneurial failure. In every society, firms perform three functions, the social function, the managerial function, and the entrepreneurial function.?? The ...

By Kraken:Ten years ago, if someone would have told me Eastman Kodak (EK) would be on the verge of bankruptcy, I would have called them crazy. However, bankruptcy could eventually be a possibility for Kodak now. The company is losing hundreds of millions of dollars each year. It has a growing debt-load. The interest on its debt alone is around a $150 million each year. This is a lot for a company with a market cap of only $780 million.

By John H. Ford:When investors try to value Kodak's (EK) assets, the Kodak name is assumed to be worth nothing. I disagree. I think the Kodak name itself is worth at least $1 billion, or $3 per share. Think about it; you are in a store, and you have the choice between buying a product with Kodak's name on it, or an equivalent product with a lesser-known name.