Nokia to Cut 10,000 Jobs, Divest Assets

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t.alex
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Re: New OS? Probably
t.alex   6/15/2012 9:02:46 PM
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Yes, selling hope. He brings Nokia downhill together with Microsoft. Microsoft seems to have nothing to lose but this is a big loss for Nokia.

Wale Bakare
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Re: New OS? Probably
Wale Bakare   6/15/2012 7:10:09 AM
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Hmmm! It is sad seeing this giant phone icon wallowing in doldrums of smartphone market. Why is Nokia unable to produce competitive phone? Why are the likes of iPhone and Samsung ( Android ) perhaps remain  "best" in the eyes of mobile phone users? Why Windows OS based phone unpopular in the world in contrast to Windows OS for desktop computer ( XP, Vista, or 7).

No matter what,  i think Nokia needs total overhaul in design strategy and proactiveness within its research and development center where ever it is located.

Bolaji Ojo
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Re: right predictions by EBN
Bolaji Ojo   6/14/2012 7:32:33 PM
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@Prabhakar, Nokia and RIM have indeed been cutting costs as a way to get themselves profitable. That's an error so many companies commit. They cut costs to match current sales. The dumbest executive can put those numbers together and say: "if my cost is currently greater than my sales, I should bring down my costs below my sales and I'd be profitable." Brilliant, eh? Not.

That's the step dummy leaders would consider first. Great leaders on the other hand would look at the employee resources they have and evaluate them on quality and usefulness. Then they'll look at the products they want to have and envision a customer base that can't do without those products. Then they'll charge the employees with creating that product. In other words, executives that are outstanding would aim for higher sales rather than merely start cutting costs.

They would say something along the lines of: 1. Our costs are greater than our revenue. 2. Let's grow our revenue to be above our costs. 3. Let's keep innovating products and services that keep our revenue way higher than our costs. Anything other than this is pedestrian and we see examples of this at Nokia and RIM.

Bolaji Ojo
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Re: New OS? Probably
Bolaji Ojo   6/14/2012 7:24:44 PM
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Wale, Nokia CEO Elop was talking about systems and procedures. That's not what Apple won with. It won with great products that emerged out of a great system. Processes and systems are fine but Nokia hasn't given the market a product to look forward to. He is selling hope and that's not a product.

Bolaji Ojo
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Re: New OS? Probably
Bolaji Ojo   6/14/2012 7:22:40 PM
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What are we waiting to see? Nokia is sliding downhill and it hasn't touched rock bottom yet. Once it does, visionary leadership -- if one comes along -- will get it back on the road up the mountain.

Bolaji Ojo
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Re: Not enough?
Bolaji Ojo   6/14/2012 7:19:56 PM
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Nokia had its moment in the sun. A different company is shinning now and the reality is that Apple is the one with the golden touch at the moment. It lost its luster some years ago and found it again. Inevitably, it will lose it again and a competing business will be the new whizz kid. Only a few companies have the capability to keep renewing themselves and Nokia is in my opinion one of those companies. The problem is the leadership it currently has do not have the required vision.

Anna young
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Re: New OS? Probably
Anna young   6/14/2012 1:19:03 PM
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Hmm! good point Wale. It's a wait and see game.

Wale Bakare
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New OS? Probably
Wale Bakare   6/14/2012 12:01:05 PM
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"Could this be the end of Nokia?" @Anna, a big question you raised here.


According Nokia's CEO release "However, we must reshape our operating model and ensure that we create a structure that can support our competitive ambitions." Base on the CEO's statement, I think we just have to wait and watch as the smartphone market's drama unfolding. May be 1st quarter of 2013.


prabhakar_deosthali
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right predictions by EBN
prabhakar_deosthali   6/14/2012 11:52:16 AM
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Bolaji,

 

Just a couple of months ago, you had identified HP, Nokia and RIM to be lacking right directions and likely to go downhill because of their mis-strategies , not innovating early enough and be complacent about their market positions.

How true! All these companies are now struggling to keep themselves afloat.

 

 

Ariella
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Re: Not enough?
Ariella   6/14/2012 11:49:17 AM
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@Wale I don't think that when a business lays off that many people that they're seeking to divert the money into research and development. Rather, I think that they want the savings in operations and labor cost to make their bottom line look better. It's possible they will divert some of the savings into investment in r & d, but there already should be a budget for that.

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