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Recent Posts: Science About Politics
Tag Archives: Bankruptcy
Film and the Future of Kodak
Get out the slide projectors! Kodak is bringing Ektachrome back. Kodak Alaris announced in 2017 that they were bringing back Ektachrome slide film, which was discontinued in 2012. While I can debate the wisdom of their decision, I cannot make … Continue reading
The Peter Principle and the Paternal Instep
The Peter Principle characterizes corporate promotions in that competent employees are frequently promoted until they reach their level of incompetence. This Principle applies in all circumstances but is particularly relevant to family businesses, where the Paternal Instep allows family members … Continue reading
Posted in Industry Info
Tagged Andrew Carnegie, Bankruptcy, Creative Memories, Paternal Instep, Peter Principle
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Could Creative Memories Press have saved Creative Memories?
The last project I worked on at Creative Memories was a plan to manufacture digital photo products for other vendors, taking advantage of the Creative Memories Manufacturing and Distribution Center in St. Cloud, Minnesota. Creative Memories produced high quality photo books, … Continue reading
Kodak Reintroduces Super 8 Film in New Plan to Repeat Previous Bankruptcy
Kodak has announced that it will reintroduce the Super 8 Camera for creating movies on film. According to Kodak CEO Jeff Clarke, “This camera will allow Kodak to waste millions of dollars manufacturing a product that nobody wants.” Jeff Clarke … Continue reading
Posted in Industry Info, satire
Tagged Bankruptcy, chemical processing, film, Ford Motor Company, Jeff Clarke, Kodak, Model T, Super 8 camera
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Ahni and Zoe liquidate their assets
I attended Ahni and Zoe by Creative Memories’ liquidation auction yesterday. The auction was run by Grafe Auction and was professional in every respect. I had never attended an auction of this type so I learned quite a bit about … Continue reading
All About Creative Memories
Yesterday was the last day for orders. Ahni, Zoe, and Creative Memories are now dead, although there is some hope that the Flowerdale Group will resurrect them later this year. Consultant Donna Lyn recently wrote about the Creative Memories Bankruptcy … Continue reading
Creative Memories bankruptcy points to need for improved math education in Minnesota
Creative Memories laid off an additional 35 people this week, in conjunction with their bankruptcy related restructuring. While the layoffs are not surprising, what is surprising is that according to the Saint Cloud Times, “An exact employee count wasn’t immediately … Continue reading
Posted in Industry Info, satire
Tagged Bankruptcy, Creative Memories, education, layoffs, math, Minnesota, school referendum
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Kodak Still Doesn’t Get It!
I would think, after filing for bankruptcy, Kodak would understand that no one company can control, prevent, or stop technological change. Apparently, Kodak disagrees with me. So, with the seriousness with which it was intended, here is Kodak’s 10 Reasons … Continue reading
Sell Stuff
“And the bottom line was, they weren’t very good at selling stuff. They were more interested in telling you how good they were.” Christopher Bonanos in Instant: The Story of Polaroid, describing the decline of the company (p. 155). Polaroid … Continue reading
Why Creative Memories needs to start a new company
The answer as to why Creative Memories needs to transform itself into something different is relatively simple: mathematics and the direct sales business model, which relies largely on growth of the sales force to drive sales. The current company has … Continue reading
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