Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”

October 31st, 2016 | | industry

nokia-ceo250During a press conference to announce Nokia was being acquired by Microsoft. Nokia’s CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”.

Nokia had been a respectable company and they didn’t do anything wrong inside of their business, however the world changed too fast for them. Their opponents had become 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 the chance of survival.

(Editor: now delete Nokia and insert the company you own, manage or work for. Insert that name and apply the rest of this article into your own context.  Make it personal!)

The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.

Conclusions. The advantage you have yesterday, will be replaced by the trends of tomorrow. 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.

To change and improve yourself is giving yourself a second chance. To be forced by others to change, is like being discarded.

Those who refuse to learn & improve, will definitely one day become redundant & not relevant to their industry. They will learn the lesson in a hard & expensive way.

Never assume you will stay on top and embrace creativity, passionate disruptors and  embrace and ride the changes.

Sourced by Chris Harrison

Source: LinkedIn


One Response

  1. Brian Engaenga says:

    Nice article