[rollei_list] Re: OT Kodak out of Digital?

  • From: "Richard Knoppow" <dickburk@xxxxxxxxxxxxx>
  • To: <rollei_list@xxxxxxxxxxxxx>
  • Date: Wed, 2 Aug 2006 14:51:54 -0700


----- Original Message ----- From: "Eric Goldstein" <egoldste@xxxxxxxxx>
To: <rollei_list@xxxxxxxxxxxxx>
Sent: Wednesday, August 02, 2006 9:26 AM
Subject: [rollei_list] Re: OT Kodak out of Digital?


I know your response is meant to be ironic but you've basically
encapsuled the difference between running a Fortune 100 company 50
years ago and running one today. The concept of a core business is
more important today than is was then. The world has turned much
flatter, markets are much broader, and the internal and external
customer's requirements have changed substantially. So viable business
tactics and production/distribution/marketing strategies must
substantially shange as well...

BTW GE is a well-diversified company with several discrete core
businesses that include internal manufacturing. By most traditional
measures it is the most successful stock in the history of the S&P
500.

Eric Goldstein

I think we mean different things by core business. My point was that GE is very diversified. Probably the largest share of its income comes from GE Capital which is pretty far removed from GE's original business. However, they still make generators and lightbulbs.
I don't know about running a Fortune 100 company 50 years ago but I think the whole concept of what a business is has changed. Companies like GE have become sort of branded investment services. Their orientation is toward managing their investor's money rather than making a product. This is a very critical difference because it changes the emphasis from the market for products and services to the financial market.

---
Richard Knoppow
Los Angeles, CA, USA
dickburk@xxxxxxxxxxxxx 

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