Kodak's strategic alliance with its Japanese competitors reduced its risks, but perhaps negatively affected its profits.

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Kodak's strategic alliance with Japanese competitors, such as the agreement with Canon to sell Canon-manufactured cameras under the Kodak brand, reduced its risks by leveraging the strengths of its partners. However, this strategy potentially limited Kodak's profits by depending on external companies for product innovation and manufacturing, possibly leading to reduced profit margins and a reliance on competitors.

Kodak's Strategic Alliance with Its Japanese Competitors Reduced Its Risks