Nokia Downfall Within The Industry

Nokia Downfall
within the industry
ALTERNATIVES AVAILABLE FOR THE ORGANISATION

Nokia Introduction
 A market leader in the era of the mobile and keypad phones.
 The company played a key role in the introduction of the GSM.’
 The organisation failed to compete within the smartphone
industry and got failed (Holst, 2019).

Nokia Downfall
 Nokia failed to provide its stakeholders with the satisfactory
returns on their investment.
 The ineffectiveness of the leadership led towards the downfall of
the organisation.
 The managers or the leaders failed to identify the changing trend
within the industry and led towards the downfall of the
organisation
(Surowiecki, 2013).

Reasons behind Downfall
 The lack of forecasting capabilities.
 The overconfidence of managers due to the strong market
position within the industry.
 Using traditional and inferior technologies.
 The organisations focus on the short term profitability rather than
focusing on the long term goals and objectives.
 Lack of communication within the organisation(Bouwman,
Carlsson, Carlsson, & Nikou, 2014).