Book Summary
Innovating Out of Crisis is a firsthand account by Shigetaka Komori, the former CEO of Fujifilm, detailing how he led the company through one of the most dramatic business transformations in modern corporate history. As the digital revolution rendered traditional photographic film nearly obsolete, Fujifilm’s very survival was at stake. In contrast to its main rival, Kodak — which filed for bankruptcy — Fujifilm reinvented itself by aggressively pursuing innovation, diversification, and strategic restructuring. Komori outlines the steps he took, including investing in new technologies, entering new markets like healthcare and cosmetics, and fostering a company culture rooted in adaptability and long-term vision. The book is part leadership memoir, part business strategy guide, offering valuable lessons on crisis management, corporate transformation, and the importance of strong, decisive leadership in turbulent times.
About the Author:
Shigetaka Komori is a respected Japanese businessman and the former CEO and Chairman of Fujifilm Holdings Corporation. He played a pivotal role in steering Fujifilm through the decline of the photographic film industry and transforming it into a diversified global company. With a background in economics and decades of experience within Fujifilm, Komori is known for his disciplined management style, clear vision, and commitment to innovation. Under his leadership, the company expanded into new fields such as healthcare, biotechnology, and high-performance materials. In recognition of his contributions to industry and business reform, Komori has received numerous honors, including Japan's prestigious Medal of Honor with Blue Ribbon. His book Innovating Out of Crisis reflects not only his personal leadership philosophy but also his deep insights into global business strategy and corporate resilience.
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