Access articles about the history, business approaches, management, and marketing of Eastman Kodak and Fujifilm. Eastman Kodak has been a developer and pioneer of photographic films for over 130 years. Although it invented the digital camera, the company was unprepared for the rapid changes in new technologies and filed for bankruptcy protection in January 2012. Fujifilm, a Japanese competitor, on the other hand, has been successful in the U.S. and global markets.
Write a six to eight (6-8) page paper in which you:
1.Describe the history and core business of each company.2.Compare and contrast the approach to management that each company has pursued in order to embrace innovation.3.Determine what other management differences have impacted the relative success of Kodak and Fujifilm. Provide specific examples to support your response.4.Evaluate each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.5.Discuss the extent to which management of both companies adapted to changing market conditions.6.Recommend three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.7.Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:
•Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:
•Describe the primary functions of management (planning, organizing, leading, controlling) and the associated skills, tools, and theoretical approaches that can be used to accomplish these functions.•Explain the principal theories and the various approaches to management that have evolved over time and their application to current management situations.•Explain the decision-making process management uses to develop viable courses of action to a variety of management situations.•Use technology and information resources to research issues in management concepts.•Write clearly and concisely about management concepts using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 300
Assignment 1: Kodak and Fujifilm
Criteria
Unacceptable
Below 60% F
Meets Minimum Expectations
60-69% D
Fair
70-79% C
Proficient
80-89% B
Exemplary
90-100% A
1. Describe the history and core business of each company.
Weight: 10%
Did not submit or incompletely described the history and core business of each company.
Insufficiently described the history and core business of each company.
Partially described the history and core business of each company.
Satisfactorily described the history and core business of each company.
Thoroughly described the history and core business of each company.
2. Compare and contrast the approach to management that each company has pursued in order to embrace innovation.
Weight: 15%
Did not submit or incompletely compared and contrasted the approach to management that each company has pursued in order to embrace innovation.
Insufficiently compared and contrasted the approach to management that each company has pursued in order to embrace innovation.
Partially compared and contrasted the approach to management that each company has pursued in order to embrace innovation.
Satisfactorily compared and contrasted the approach to management that each company has pursued in order to embrace innovation.
Thoroughly compared and contrasted the approach to management that each company has pursued in order to embrace innovation.
3. Determine what other management differences have impacted the relative success of Kodak and Fujifilm. Provide specific examples to support your response.
Weight: 15%
Did not submit or incompletely determined what other management differences have impacted the relative success of Kodak and Fujifilm. Did not submit or incompletely provided specific examples to support your response.
Insufficiently determined what other management differences have impacted the relative success of Kodak and Fujifilm. Insufficiently provided specific examples to support your response.
Partially determined what other management differences have impacted the relative success of Kodak and Fujifilm. Partially provided specific examples to support your response.
Satisfactorily determined what other management differences have impacted the relative success of Kodak and Fujifilm. Satisfactorily provided specific examples to support your response.
Thoroughly determined what other management differences have impacted the relative success of Kodak and Fujifilm. Thoroughly provided specific examples to support your response.
4. Evaluate each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
Weight: 15%
Did not submit or incompletely evaluated each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
Insufficiently evaluated each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
Partially evaluated each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
Satisfactorily evaluated each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
Thoroughly evaluated each company’s approach to ethics and social responsibility and the impact those approaches have had on each company’s profitability.
5. Discuss the extent to which management of both companies adapted to changing market conditions.
Weight: 15%
Did not submit or incompletely discussed the extent to which management of both companies adapted to changing market conditions.
Insufficiently discussed the extent to which management of both companies adapted to changing market conditions.
Partially discussed the extent to which management of both companies adapted to changing market conditions.
Satisfactorily discussed the extent to which management of both companies adapted to changing market conditions.
Thoroughly discussed the extent to which management of both companies adapted to changing market conditions.
6. Recommend three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
Weight: 15%
Did not submit or incompletely recommended three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
Insufficiently recommended three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
Partially recommended three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
Satisfactorily recommended three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
Thoroughly recommended three (3) ways any company should build in flexibility to back up its decision-making process in order to adapt to changing market conditions.
7. 3 references
Weight: 5%
No references provided
Does not meet the required number of references; all references poor quality choices.
Does not meet the required number of references; some references poor quality choices.
Meets number of required references; all references high quality choices.
Exceeds number of required references; all references high quality choices.
8. Clarity, writing mechanics, and formatting requirements
Weight: 10%
More than 8 errors present
7-8 errors present
5-6 errors present
3-4 errors present
0-2 errors present
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