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Introduction

Kodak, formally known as Eastman Kodak Company, is an American technology company focused on imaging solutions and services. Founded by George Eastman in 1888, Kodak is renowned for revolutionizing photography with its innovations in cameras, film, and printing technologies. Despite facing challenges in the digital age, Kodak remains a prominent name in imaging, with a diverse portfolio including consumer and professional products, software, and printing services.

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Kodak functions in several key areas:

1. Imaging Solutions: Kodak provides a range of imaging solutions including cameras, lenses, and accessories for both consumers and professionals.

2. Printing Technologies: Kodak offers printing technologies and services for various industries, including commercial printing, packaging, and functional printing applications.

3. Film and Chemicals: While digital photography has become dominant, Kodak still produces traditional film and chemicals for photographers and filmmakers who prefer analog methods.

4. Software and Services: Kodak develops software solutions for image processing, printing management, and workflow optimization, catering to businesses and professionals in the imaging industry.

5. Health Imaging: Kodak's health imaging division focuses on providing medical imaging solutions, including medical film, digital imaging systems, and healthcare IT solutions.

6. Consumer Products: Kodak manufactures a range of consumer products such as digital cameras, instant cameras, photo printers, and accessories for capturing and printing memories.

7. Intellectual Property: Kodak owns a significant portfolio of intellectual property related to imaging technologies, which it licenses to other companies.

These functions collectively contribute to Kodak's position as a leading provider of imaging solutions and services globally.

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Kodak's decline from its once-dominant position in the market can be attributed to several interconnected factors. The company struggled to adapt to the digital revolution, despite its early innovations in digital imaging. The shift from film to digital photography disrupted Kodak's traditional business model, leading to declining revenue from its core products. While Kodak did invest in digital technologies, its pace of innovation lagged behind competitors, allowing rivals to surpass it with more advanced offerings. Additionally, management decisions, such as diversification into unrelated industries, diverted resources from Kodak's core imaging business and hindered its ability to compete effectively. Financial challenges exacerbated the situation, culminating in Kodak filing for bankruptcy protection in 2012. Strong competition from companies like Canon, Nikon, and Sony further eroded Kodak's market share, ultimately contributing to its fall from prominence in the imaging industry.

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Timeline of Kodak's history:

- 1880: George Eastman establishes a business in Rochester, New York, specializing in photographic dry plates.

- 1884: Eastman introduces roll film.

- 1888: Kodak camera, the first portable camera with pre-loaded film, is introduced.

- 1900: The Brownie camera, a more affordable option with removable film, is introduced.

- 1920s-30s: Kodak continues to innovate, introducing home-movie equipment and Kodachrome color slide film.

- 1960s: Kodak introduces the Instamatic series of cameras and cartridge-loaded film.

- 1982: The Disc camera series, featuring automatic flash and focus, is introduced.

- 1984: Kodak enters the video market with an 8-millimeter camera system and videocassette tapes.

- Early 21st century: Facing declines in film photography, Kodak shifts focus to digital photography products.

- 2012: Kodak files for bankruptcy and ceases manufacturing of digital cameras and some other digital imaging products.

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When you have your own career, how you will spend your money depends on 3 prioritise

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When you have your own career, how you will spend your money depends on 3 prioritise

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As I start on my career journey, the principles of Maqasid Shariah will be a guiding pillar in how I manage and allocate my finances. Maqasid Shariah, the objectives and goals of Islamic law, provides a framework for prioritizing spending in a manner consistent with ethical and moral principles. In determining how to use my income, I will prioritize three main aspects of Maqasid Shariah whic is Dharuriah, Hajihhah and Tahsiniah. By adhering to these priorities, I aim to ensure that my financial decisions not only serve my individual interests but also uphold the values ​​of social justice and the welfare of the wider community.

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As I start my career, I will prioritize more on necessities such as basic groceries, clean water, and rent or mortgage for a safe home. Ensure my professional attire, reliable transportation, health insurance, and basic medical supplies. Utilities like electricity, water, heating, and internet are essential for daily living and work, along with a functional computer and phone for my job.

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For hajiyat, or comforts, I will invest in comfortable furniture, higher quality clothing, and better transportation. Enhance my home with amenities like a microwave and better lighting. Enjoy subscriptions to streaming services, books, or hobbies, and maintain health with a gym membership or fitness equipment. Consider additional technology like a tablet, smartwatch, or upgraded phone/computer.

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For tahsiniyat, or luxuries, consider high-end gadgets like the latest smartphones and laptops, designer clothing and accessories, and premium transportation such as luxury cars or first-class travel. Invest in expensive home decor, exotic vacations, luxury hotels, fine dining, exclusive memberships, and advanced home technology like smart home systems and high-end sound systems.