It’s not wrong if you don’t want to learn new things. Update: Asked for a comment, Nokia said that it did not comment on internal matters and declined to comment on the content of the memo or its provenance. Basically, the message means that if you don’t change quickly, or even change at all, you get eliminated. See our. Today, I'm going to share what I've learned and what I have come to believe. There is a pertinent story about a man who was working on an oil platform in the North Sea. It has proven to be non-competitive in leading markets like North America. There’s An Instagram Filter For That Too! Android came on the scene just over 2 years ago, and this week they took our leadership position in smartphone volumes. Sorry To Burst Your Bangsar Bubble But Sabah, Migrants, And Prisoners Matter! At the midrange, we have Symbian. A memo speech, subsequently posted on Nokia's internal blog, from Nokia's new chief executive Stephen Elop warning the staff that it is "standing on a … This website uses cookies to improve service and provide tailored ads. See our. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. While competitors poured flames on our market share, what happened at Nokia? container: 'taboola-below-article-thumbnails', 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. 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My first phone is a Nokia, a 3210 to be specific. In 2008, Apple's market share in the $300+ price range was 25 percent; by 2010 it escalated to 61 percent. WhenInManila.com is a community of writers, photographers, videographers, and storytellers, who share their discoveries and stories about Manila, Philippines, and the world. Published on May 9, 2016 May 9, 2016 • 93,420 Likes • 8,090 Comments Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. But these were not ordinary times - his platform was on fire. This means we're going to have to decide how we either build, catalyse or join an ecosystem. Android came in at the high-end, they are now winning the mid-range, and quickly they are going downstream to phones under €100. It’s not wrong if you don’t want to learn new things. They didn’t do anything wrong […] Until the playing field got shaken with the arrival of smartphones, mostly Android and iOS devices. _taboola.push({ Or, he could plunge 30 meters in to the freezing waters. We are still too often trying to approach each price range on a device-to-device basis.". falling profits for the past three quarters. Upon saying that, all his management team, himself included, teared sadly. The man survived the fall and the waters. 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. The Elop points to a number of problems for the company:• its stock is moving onto "negative credit watch" with rating agency Standard & Poor's, following Moody's last week, indicating that it might downgrade its creditworthiness because they are concerned about its competitiveness• the "battle of devices has become a war of ecosystems" (such as Apple's App Store and Google's Marketplace) and "ur competitors aren't taking our market share with devices; they are taking our market share with an entire ecosystem. Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily. If it’s trending, she’s “on it.” When not writing stories, you'll find her creating memes, having fun with puns, or lifting heavy stuff in the gym. By using this site, you agree to this use. Those who refuse to learn & improve, will definitely one day become redundant & not relevant to the industry. This is one of the decisions we need to make. In an announcement today (26 October 2020) at 5:30pm... “A Life For A Life” Parents of Taiwanese Suspect Who Murdered M’sian Student Request For His Execution, Here’s The Complete List Of Deepavali SOPs You Should Take Note Of, Nikon Malaysia Will Cease Its Operations Effective 1 January 2021 After 19 Years In Business. We haven't been delivering innovation fast enough. Farewell messages for CEO are the messages that are sent to say goodbye to a company’s CEO on his farewell and send your good wishes for his healthy future. Some time ago, Nokia somewhat bowed out of the game, after Microsoft acquired them. Apple demonstrated that if designed well, consumers would buy a high-priced phone with a great experience and developers would build applications. Their opponents were too powerful. They will learn the lesson in a hard & expensive way. They didn't do anything wrong in their business, however, the world changed too fast. 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