Innovating Out of Crisis: How Fujifilm Survived (and Thrived) As Its Core Business Was Vanishing
In 2000, photographic movie items made up 60% of Fujifilm’s revenues and as much as 70% of its revenue. inside ten years, electronic cameras had destroyed that enterprise. In 2012, Kodak filed for financial ruin. but Fujifilm has boasted checklist gains and maintains robust. What occurred? What did Fujifilm do? What do companies this present day want from their leaders? What forms of staff can assist companies thrive within the future? right here, the CEO who introduced Fujifilm again from the threshold explains how he engineered transformative organizational innovation and product diversification, with observations on his administration philosophy.
Shigetaka Komori is Chairman and CEO of Fujifilm Holdings company. Mr. Komori was once appointed CEO in 2003 and chairman in 2012.
Measures. Our merely selection was once to begin radical reform, together with the downsizing of our photography-related companies. Had we not on time by means of simply one other yr or , we'd were correct in the course of the devastating monetary downturn within the fall of 2008 and the corporate will possibly not were capable of live to tell the tale this double punch. whilst, whereas relocating forward with structural reforms in our photography-related companies, we boldly invested in these fields that we felt confirmed destiny.
Cardiology 1/2008 Imaging bought IP Labs GmbH, a German on-line photograph provider procedure developer 3/2008 prescription drugs got Toyama Chemical Co., Ltd., in a takeover bid and made it a consolidated subsidiary 12/2008 scientific platforms bought Empiric structures, LLC, an American producer of radiology info structures as a unconditionally owned subsidiary 12/2008 scientific, imaging obtained Russian distributor Fujifilm-Ru 3/2010 clinical platforms received Brazilian distributor NDT Comercial Ltda.
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