Nokia Company
It is a telecommunications company and a Finnish information technology
multinational based in Espoo , Finland The main product is mobile phones Nokia was
the biggest seller of mobile phones from 1998 to 2012 .In 2007,
Nokia accounted for more than 40% of the sales of mobile phones around the
world And in 2012 with the introduction of device " I Phone "
produced by Apple. Decreased the company's profits and revenues . By 2013 Nokia
sell its phones industry to Microsoft Corp.
Reasons for
Bankruptcy
Problems
began when Ailub became the CEO of the company . , The
company's market capitalization drop by about $ 23 million, which makes him as one
of the worst CEOs in history . The biggest
mistake that Ailub choose to run Microsoft's Windows system as the only
platform for Nokia smart phones . The company has also embarked on a program
desperate to cut costs, which included the cancellation of thousands of jobs, Skilled leaders were forced to leave
the company , And also many talents leave the
company
How to
Succeed
In my opinion , Companies need to continue
creativity and innovation in order to improve technology . also The big
companies have to keep a record of tracking creative youth . The large
companies should not afraid of the tradition , if Nokia immediately began
developing products like the I Phone , with addressing issues related to
patents effectively , the portable devices industry it looks very different
today . The company if able to make the
consumer happy , whether a large companies or a small companies will be
successful and the Companies that lose sight of this fact will fail .
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