There is no doubt that the worldwide consumer camera business is in decline. Demand for standalone dedicated cameras is very different from a decade ago when everyone had to buy a digital camera if they wanted to take a picture. I myself am surprised at the extent of the decline, as even the photography business is affected. In this time and age where everyone has a camera (the mobile phone) and instant gratification drives the “just shoot, post it, forget” image-recording discipline of everyone but the minority, the demand for photography skills that can produce images worthy of being passed down to future generations or being shown in history books is also in decline. Consider the widespread reports of news agencies cutting their photography staff. Around me, I lost track of when pictures in local news media started becoming so unbearably pedestrian and unimaginative.
Nikon, with a large portion of its business in photography equipment, has been feeling the decline at an increasingly painful rate, and publicly acknowledges this is the future they are facing (page 6 of the slides). I am interested in how they plan to approach this problem from two perspectives. One, as a business person studying a business challenge. Two, as a hobbyist user of Nikon photographic equipment. On 9 May 2019, Nikon presented their management plan for FY 2019 to FY 2021. Let us take a look though the presentation slides to see what are their plans for the imaging business division.
Continue reading “Nikon’s imaging business strategy and roadmap till 2021”
You must be logged in to post a comment.