It is clear that Nokia is cleaning house and probably getting rid of redundancy and trimming the bloated staff size. But what is the strategic plan to move the company forward? Yes, size reduction helps to increase the bottom line on the short run, but lack of operational re-tooling and innovation will slow recovery if not end the company in relapse.
Nokia, the world's largest volume of phone maker is back on the road to recovery.I am very sure that Nokia has made some good plans for future but they are not revealing until they have something good which makes their competitors worry.Nokia was always top on cell phone market and it will be.
Agree with Dave. One would like to be optimistic for the sake of the market. However, with all this news, there is too much bad publicity that Nokia is gathering. It might be difficult for it to break this coccoon even with introduction of decent products in the future. Trust and goodwill have been the hallmarks of Nokia-Connecting People. It can not afford to lose it.
I totally agree with you. Finix will rise from the ashes again. I guess right now Nokia is just concentrating on smartphone segment. For example the hardware features of Nokia N8 handsets are pretty attractive like 12MP cam, Xenon flash, mechanical shutter ,renowned Carl Zeiss lens etc. I am sure WIn-NOKIA will be very good alternative to Apple/Android handsets.
@Dave: I am with you on this one. I think the Nokia-Microsoft deal to develop phones having Windows OS is probably an interesting thing to look forward to, and this may be the development that can get Nokia out of it's troubles.
Nokia is not doomed yet. As long as Nokia is open to reworking its marketing strategies, it stands a good chance of remaining the dominant player in the handset market and perhaps even generating larger revenues..
You are dead on with your assessment. Nokia is not a startup company. They have been in the market for a long time. If they try to grow by going back to square one, they are headed in a very different direction. Nokia still has a lot of potential. They need to focus their efforts on research and innovations. Stop trying to play catch up to some of these companies by trying to knock the big guy (Apple) of the hill. Focus on developing products that will not only keep your current customers, but also bring in many new ones.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.