Kodak Industry Evaluation Essay Example | Topics and Well Written Essays - 2000 words

Kodak Industry Evaluation - Essay Example They should weigh on both sides so that they will win more customers and at the same time making profits and not losses. As the market share of Kodak is higher at 67%, this shows that the demand of the products is also higher. This shows that Kodak should produce more products to meet the rising demand from customers and curb the shortages. To meet this target, Kodak should have qualified staff, reliable source of materials, and source of finance. Kodak will have to recruit more staff so that the existing staff will not work under pressure. In addition, they should organize seminars to train the staff so that they can acquire new skills, which will enable them to fit in the current situation (Greco & Wharton, 2007, p. 166). Having opportunities like promotion, and free training should motivate staff so that they will work hard enabling the industry to meet the target. The staff should be given rewards when they do a commendable job. This will motivate other employees and staff to wor k harder in that they will receive rewards. In doing this, the industry will meet its targets through spending on the rewards. Kodak should establish a reliable source of raw materials for use in the industry. The supply of the materials should be continuous to enhance the continuous manufacture of the films whilst sustaining the customer demand. This will make the customers rely on the industry in that they can get the products when they demand them. In addition, the industry should have enough funds for acquiring the raw materials, training staff, and paying the employees in this process. If there is a shortage in the funds, Kodak can borrow from financial institutions for stable flow of raw materials in the industry. The funds will be used in procurement and... As the report declares Kodak should produce more products to meet the rising demand from customers and curb the shortages. To meet this target, Kodak should have qualified staff, reliable source of materials, and source of finance. Kodak will have to recruit more staff so that the existing staff will not work under pressure. In addition, they should organize seminars to train the staff so that they can acquire new skills, which will enable them to fit in the current situation/ This paper stresses that Kodak should establish a reliable source of raw materials for use in the industry. The supply of the materials should be continuous to enhance the continuous manufacture of the films whilst sustaining the customer demand. This will make the customers rely on the industry in that they can get the products when they demand them. In addition, the industry should have enough funds for acquiring the raw materials, training staff, and paying the employees in this process. If there is a shortage in the funds, Kodak can borrow from financial institutions for stable flow of raw materials in the industry. The funds will be used in procurement and transporting raw materials to the industry and finished goods to the market. After stabilizing this, the customers will get Kodak anytime they demand. Employees and others professionals who may be called in the industry will be paid through the funds acquired from sources like borrowing.