Sometimes the head wants it but the body refuses to move - this is the problem at Eastman Kodak. Executive management has vision but middle-management, which is predominantly old Kodak, is a massive roadblock to success. The operating model is (and I don't say this lightly) "death by bureaucracy." Middle-management revels in intrigue and confusion. Executive management wants an asset light strategy; middle management wants to build factories [YESSSS], Executive mgmt wants to move to emerging markets; middle mgmt wants to be comfy in their HQ, executive mgmt wants outsiders; middle management makes sure outsiders are not successful. Executive mgmt wants a new direction; middle management wants to cover their past mistakes by doing the same thing. Executive management wants to think long-term; middle management wants it until their retirement. It is classic Washington. Kodak is one company that is squandering its cash (literally) on bureaucracy - Hello KKR!
