In 1974 a young Kodak engineer named Steven Sasson was assigned a seemingly low-stakes task: to see if there was any practical use for a recent invention capable of turning light into data. He built a device that could capture images and digitally display them on a screen and eagerly presented it to his bosses. But he made a tactical blunder: He billed the new technology as “filmless photography.” That positioning clashed with the very raison d’être of his audience—executives whose careers depended on the sale and processing of film—all but guaranteeing a tepid response. Instead of seizing an advantage in the consumer market, Kodak held off for nearly two decades, by which time several competitors were contesting the market space.

A version of this article appeared in the November–December 2021 issue of Harvard Business Review.