pbahra writes: "As the impact of mobile devices takes hold, retailers are set to see the same transformative period that has roiled the media industry, according to eBay Chief Executive John Donahoe. For Mr. Donahoe, the company’s future lies in being a bridge between the physical and virtual worlds of commerce. “People talked about digitization of the media for years, and then the iPad came out,” he said. “What has happened since the iPad came out? Hundreds of millions of people have fundamentally changed how they consume media. The same thing is happening to shopping. Consumers are now in charge. And they are using these devices in ways that no one would have guessed.”"
pbahra writes: "Kodak’s declaration of bankruptcy earlier this month closed a glorious chapter in the history of photography. With the introduction of the first automatic snapshot camera more than 110 years ago, Kodak transformed photography from an alchemy-like activity dominated by professionals into a hugely popular one that became an integral part of people’s lives. Photography had been mostly confined to professionals who took formal portraits in studios. Kodak got photography out of studios and into family life. Understanding how it did this is vital to grasping the reasons for its failure. Thus, when digital technology arrived in the photographic industry, Kodak inhabited a world that was largely its own creation. There was no one more steeped in it than Kodak. This became obvious to me when I spent a day with Kodak’s top management in their Rochester headquarters in the U.S. about 11 years ago. But by the end of the day, I was convinced that this company was not going to be around much longer. Here are the top five reasons for Kodak’s demise:"