We didn’t do anything wrong: Nokia CEO
Nokia has always been a trust worthy brand. Once it almost covered the whole market and other brands like Samsung and others were no-where near to be found. There was time when almost everyone landed there choices on Nokia. But some how the time drastically changed for Nokia and it almost lost its all market holders. so what went wrong? A Decision of Upper level? A strategy Change or something else? Here is the last speech of Nokia CEO who almost burst out in tears not only CEO but almost all the Crew of Nokia were found sad and Tearing.
Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival. The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.
Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival. The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.
nokia
Before the acquisition by Microsoft (who then rebranded the company into Microsoft Mobile), Nokia was one of the world’s biggest and most successful mobile phone manufacturer in the world, in fact at one point slightly over half of the world’s mobile phones are Nokia phones!
Alas, nothing lasts forever – by 2010, the mobile phone giant started its downhill path, and within only a span of a few years, the company that once sold half the world’s mobile phones now barely sold any – with a market share of barely 3%.
The fact is – They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival.
Well the lesson is learnt but somehow they are late on learning it. Well the moral of the story is nothing is stronger than time, you have to change with time, if you don’t then time will change you.
