What Went Wrong With These 7 Most Admired Companies?

Bangalore: Many companies today that have made big names in the market, they were started with minimum fund with less workmanship. There are many big companies across the worlds that were started as small companies. For instance, Infosys, it was started with just 10, 000 and with just 4 people in the beginning.

Meanwhile, there are many other well known companies that went unrecognized even after their incredible contributions in their respective fields after a certain period of time.

Here are 7 companies that were most admired back in 1982 but fell from its grace by 2013, compiled by CNN Money.

1. Eastman Kodak

Eastman Kodak was one of the most admired companies in the world. It came into the lime light when it launched its rallying cry to recover from its struggling business. But, however in the middle of 1983, the company faced a 73 percent decline in its earnings.

In 1975, Kodak invented digital camera but at the same time was not willing to release its technology in the film industry. Finally after 74 long years in 2009, Kodak lost its market.

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