Nokia led
the way for a long time and got bought over by Microsoft. This is how business
has been thriving, Acquisitions, Mergers and Restructuring.
Nokia is a
legend and will be legendary, so compatible and powerful that other companies
are still not able to design such phones. Only mistake is Nokia couldn't adapt
the technological changes, Nokia is the best brand of cellphone for me.
The fall of
Nokia Teaches Us All a Very Valuable Lesson
Nokia CEO
ended his speech saying this “we didn’t do anything wrong, but somehow, we
lost”.
During the
press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended
his speech saying this “we didn’t do anything wrong, but somehow, we lost”.
Upon saying that, all his management team, himself included, teared sadly.
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.
Conclusion:
1. The
advantage you have yesterday will be replaced by the trends of tomorrow. You
don’t have to do anything wrong, as long as your competitors catch the wave and
do it RIGHT, you can lose out and fail.
To change
and improve yourself is giving yourself a second chance. To be forced by others
to change, is like being discarded.
Those who
refuse to learn & improve will definitely one day become redundant &
not relevant to the industry. They will learn the lesson in a hard &
expensive way.