They were a Large, Multinational Corporation with offices across the globe.
Their Failure to Adapt killed them.
Nokia CEO ended his speech saying this ďwe didnít do anything wrong, but somehow, we lostĒ.
During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this ďwe didnít do anything
wrong, but somehow, we lostĒ. Upon saying that, all his management team, himself included, teared sadly.
Nokia has been a respectable
company. They didnít 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 very clear...If you
donít change, you shall be removed from the competition.
Itís not wrong if you donít want to learn new things. However, if your thoughts
and mindset cannot catch up with time, you will be eliminated.
Published on May 9, 2016
The advantage you had yesterday will be replaced by the trends of tomorrow. You donít 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.