Kodak filed for bankruptcy in 2012 and after exiting most of its product streams, re-emerged in 2013 as a much smaller, consolidated company focused on serving commercial customers. However, instead of pioneering what might have been a predecessor of Instagram, Kodak used Ofoto to try to get more people to print digital images. Another example is Kodak’s acquisition of a photo sharing site called Ofoto in 2001. Competitors, such as the Japanese firm Canon, grasped this opportunity and has consequently outlived the giant. However, it held back from developing digital cameras for the mass market for fear of eradicating its all-important film business. Cannabis company Canopy applauds Bidens marijuana pardons as stock surges. For example, Kodak invested billions of dollars into developing technology for taking pictures using mobile phones and other digital devices. Latest headlines for business news around the world. The leader of design, production and marketing of photographic equipment had a number of opportunities to steer the company in the right direction but its hesitation to fully embrace the transition to digital led to its demise. Send us feedback.At one time the world’s biggest film company, Kodak could not keep up with the digital revolution, for fear of cannibalizing its strongest product lines. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'big business.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. In 2017, she was named in the magazines 19 Most Powerful Women in Business list. Lucie Grace, USA TODAY, 6 June 2022 They have either been bought over or their market share has been steadily eroded by big business. Indra Nooyi is an Indian-American business executive known for her association with PepsiCo where she served as the chief executive officer from 2006 to 2018.Often ranked among the most powerful women, Nooyi was named in Forbes Worlds 100 Most Powerful Women list in 2014. A traditional assumption among managers has been that small businesses should use essentially the same management principles as big businesses, only on a. Nadia Leigh-hewitson, CNN, 11 July 2022 Truffles have long been big business, but nothing beats hunting for them yourself. Technology and energy companies rank among the most valuable companies. ![]() New York Times, 12 July 2022 These days, camel festivals are popular in the UAE and camel racing is big business, featuring robot jockeys and with the prize money for the biggest races reaching hundreds of thousands of dollars. As of 2022, Apple, Saudi Aramco, and Microsoft hold the top three positions, each with market caps in excess of 2 trillion. But are big companies inherently evil If business is so bad, why does it remain so integral to the basic functioning of America Economist and bestselling. But if the market shifts, it’s for a reason. When this happens it’s easy to shrug it off and blame the market. That statement reflects the conventional wisdom. Shrinking profits is among the common business problems. ![]() ![]() 2022 The hajj, a holy trip to Mecca that Muslims are encouraged to take once in their lives, used to be big business. In 2003 one author asserted, When corporations lobby governments, their usual goal is to avoid regulation. 2022 Before the Taliban came to the capital, weddings were big business, with gargantuan, gaudy halls like the one in the upscale Shahr-e-Naw neighborhood hosting parties 1,000 people strong, featuring musicians, dancers and magicians. 2022 But gambling is big business, and sports betting starts in January throughout Ohio.Ĭliff Pinckard, cleveland, 8 Sep. 2022 Building homes for poor people simply isn’t profitable enough as a big business.Īmy Hubbard, Los Angeles Times, 26 Aug. Recent Examples on the Web To be sure, the queen is genuinely popular, and the royals have been a big business for decades now.
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