04/09/2024
THE NOKIA LESSON!
Nokia CEO ended his speech saying this βwe didnβt do anything wrong, but somehow, we lostβ.
During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this βwe didnβt do anything wrong, but somehow, we lostβ.
Upon saying that, all his management team, himself included, teared sadly.
Nokia has been a respectable company. They didnβt 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 donβt change, you shall be removed from the competition.
Itβs not wrong if you donβt 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.
2. You donβt have to do anything wrong, as long as your competitors catch the wave and do it RIGHT, you can lose out and fail.
3. To change and improve yourself is giving yourself a second chance.
4. To be forced by others to change, is like being discarded.
5. 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!! Credit to Robin Paz Jr.