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Final Paper-Case Analysis (Fujifilm)
Final Paper-Case Analysis (Fujifilm)
Final Paper-Case Analysis (Fujifilm)
Case Analysis
(Fujifilm)
Executive Summary
Technology is one very important thing especially in running a business. I can see
that the reason for Fujifilm Company's problem is the lack of technology, but even in the
situation is not good they have found a way to keep up with their rival company the Kodak
Company. Some of the strategies of the Fujifilm they not only focused on imaging industry
they turn their companies in the fields like cosmetics production and pharmaceuticals. This
change process has been named “second foundation”. To manage the second foundation,
they set up their management plan and they called "Vision 75”. This plan is the spearhead
of Fujifilm in their future development. Our recommendation for Fujifilm is they need to
re-establish their imaging development and they need to add a modern technological asset
so they can make shine again which known first their company in developing images. We
all know that technology can give us better production and give a vast help in making our
product. The Fujifilm company would not have had a big problem if the company had not
been run and managed well. Even the company is at risk they can find a new solution to
resolve the problem of the company.
Statement of the Problem
The main problem in this study is the competitor of the Fujifilm Company. The
Kodak company has a strong technology and can fulfil the needs of their customers while
the Fujifilm company is trying to find an innovation for their existing product it means that
the competition is between a technology advancement to make the product user friendly
and make their customers satisfied to the product between the two company.
Because of the invention of Mr. Steve Jasson a Kodak company Engineer he invented the
digital cameras which brought down the various rival companies of the Kodak company
that went to bankruptcy of their competitors in the field of imaging. One of their longest
rivals is the Fujifilm is affected by the said invention of the Kodak company. To keep up
with the Kodak company. Fujifilm decide not only to focus on imaging. They try the other
field like the cosmetic production, pharmaceuticals, and other fields. They called it "second
foundation" in 2004 they set up a midterm management plan called Vision 75 targeting the
next 5 years until Fujifilm’s 75th anniversary. The said plan is to build a technological
competency against Kodak. They make a sensitive film and photo paper. Fujifilm had to
build-up word class material technologies, namely “functional compound molecular
design, chemical reaction control and organic synthesis technologies".