Consumer preference for Nokia declined worldwide. In the UK, our brand preference has slipped to 20 percent, which is 8 percent lower than last year. That means only 1 out of 5 people in the UK prefer Nokia to other brands. It's also down in the other markets, which are traditionally our strongholds: Russia, Germany, Indonesia, UAE, and on and on and on.posted by 2bucksplus at 12:16 PM on February 17, 2011
How did we get to this point? Why did we fall behind when the world around us evolved?
This is what I have been trying to understand. I believe at least some of it has been due to our attitude inside Nokia. We poured gasoline on our own burning platform. I believe we have lacked accountability and leadership to align and direct the company through these disruptive times. We had a series of misses. We haven't been delivering innovation fast enough. We're not collaborating internally.
Nokia, our platform is burning.
Companies have a well defined and well understood fiduciary duty and investors have tools to enforce that goal. Companies don't have and don't recognize patriotic duty except insofar as it harmonizes with their fiduciary duty.Is that actually true in every country in the world? And anyway, shareholders can't sue just because they think the management is engaging in a bad strategy. They could, in theory fire the CEO but that's really rare. An actual shareholder lawsuit is even more rare. Also the corporations are not required to "make as much money as possible", that's actually a misconception.
I did wonder what was in this for Nokia - they're basically ditching an aspect of their business that they've been working on for years (decades?) and bringing in an outsourced solution instead, so that they become just a manufacturer of handsets with little oportunity to differentiate them.More companies should be willing to ditch stuff that's not working. The reason people are upset is that they hate Microsoft. If they were switching to android people would be salivating.
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posted by Brandon Blatcher at 11:43 AM on February 17, 2011