There are quite a few articles online that go into some detail about it. Just search for "Kodak Clay Christensen", or something similar. Here's one: http://www.economist.com/node/21542796 Another reason why Kodak was slow to change was that its executives “suffered from a mentality of perfect products, rather than the high-tech mindset of make it, launch it, fix it...” Bad luck played a role, too. Kodak thought that…
>Another reason why Kodak was slow to change was that its executives “suffered from a mentality of perfect products, rather than the high-tech mindset of make it, launch it, fix it...” This is actually my preferred work environment. Fuck profits, I've got a rather short life to lead, and I'd like to get a little enjoyment and intellectual satisfaction for all my efforts. Has the development of anything really lasting…
For litmus tests, the MVP approach of make it, launch it, fix it is perfectly justified. Once you have zeroed in on something interesting with proof it is both technically and economically feasible, you can worry about perfection. In a sense, it's the business equivalent of measure once, cut twice.