The fall of Eastman Kodak is a tale of the failure of entrepreneurship, writes Panos Mourdoukoutas. Successful companies have to keep innovating and finding opportunities to thrive, he writes. The company's "decline and fall is a failure of its leaders to develop the appropriate buffers to keep competition from imitating and replicating its strategy; and to match effectively corporate resources and capabilities with emerging market opportunities," Mourdoukoutas writes.

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