Module 07: Industry Evolution and Change – Discussion Question

Module 07: Industry Evolution and Change

In this module, you will consider the systemic nature of change and change management in strategic planning. As we know, creating the strategic plan is just the beginning. Implementing the plan determines the strength of the plan’s ability to generate competitive advantage. Change is a feature of life and business and it’s also an inherent part of strategy and strategy implementation. It has a systemic nature that permeates all avenues of business and industry. Understanding the influences that drive industry evolution can assist with strategy planning, formulation, and implementation.

Discussion Question

Question Requirements:

The Nature of Change

In this module, we learned that everything is in a state of constant change. This is a challenge of strategic management, as the industry environment is driven by technology, consumer needs, politics, economic conditions, and many other influences.

Read Case 8 Eastman Kodak’s Quest for a Digital Future. Please see attached.

Discuss the key factors that drove the evolution of the photography industry, and how did these factors impact Kodak’s business model?

Based on your understanding of the industry life cycle, discuss the stage the photography industry was in during Kodak’s quest for a digital future.

Discuss the strategies that Kodak employed to adapt to the changing industry environment, and how effective were these strategies?

Discuss what strategies would have been most appropriate for Kodak to pursue at that stage?

How did Kodak’s organizational ambidexterity, or lack thereof, impact its ability to manage strategic change and respond to disruptive technologies?

Directions:

Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources.

Write the discuss that includes an introduction paragraph, the body, and a conclusion paragraph to address the assignment’s guide questions.

Your initial post should address all components of the question with a 600 word limit.