We all know for a fact that Nokia was once one of the most successful and one of the world’s biggest mobile company. In fact, half of the world’s mobile phones are actually Nokia phones.
But just recently, the Nokia was acquired by Microsoft, rebranding it to Microsoft mobile.
It was back in 2010 when Nokia has experienced difficultiesand started to downhill path and in just a few years, the world’s largest mobile phone manufacturer now has a share of only 3% in the market.
Because of this, the CEO of Nokia had to make a farewell speech.
In the said farewell speech, the CEO said that they didn’t do anything wrong, but somehow, they lost.
It was later on explained that the company missed out on learning. The world is changing so fast and their company wasn’t able to catch up with new trends and opportunities.
“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.”
It was indeed the most tear-jerking moment ever. The CEO was shedding tears as he delivers his final speech as the CEO of Nokia.
Read it here:
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.
Source: NewsFeed
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