why did Nokia Fail, here's why?
There are two things.
- Nokia failed because they didn't adopt the market of Android phones.
- And they failed because they didn't do something extraordinary as Apple did with their innovative smartphones(iPhones).
These are the two reasons why Nokia failed during the smartphone crisis in the world.
they had first mover advantage but they failed in doing a great innovation as they should.
there were two ways as I discussed above they must have done one of these things to prevent their market failure.
they were doing great till their Symbian OS smartphones and simply they should have adopted the android trends
OR
they should have done something extraordinary innovation with their windows smartphones as Apple did with their iPhones.
they had stepped great by moving on to the windows smartphones but they could not make that sustainable. they could not find the interest of the people.
they lacked innovation
these were the major factor of the failure of the Nokia as for as I think.
what do you think do let me know in the comment section below.
Amazing post with lots of usefull information. Well done!. Keep Posting.
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Nice article! I've also read a complimentary take on this here: https://valuer.ai/blog/how-to-build-a-successful-corporate-digitalization-strategy/
ReplyDeleteAccording to this article, Nokia's strategy was short-term and centered on financial results being only better than the last results. There was also some lag in the innovation area and technological advances.
Some say there could also be a problem with its OS-system, Symbian, which is a lot less competent than iOS or Android. Symbian was device-centric, which was a bummer in a field that was quickly changing to being app-centric.
Thanks
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