The gist of story is innovation is the key to success. Dynamic technical leader is very essential for success of today's orgnization. When people looks from other aspect, they become laggard and miss train and loose market share.
Wale, users will compare Nokia against Android and iPhone. They'd better copy all the popular functions fast and ensure all the similar apps are there :-)
I wish I could argue with your article Bolaji but I cannot. I reckon your opinion is sound and I do not expect great things from Nokia any more. The competition from low cost Asian phone suppliers and US/Asian smart phone suppliers has Nokia painted into a bad corner.
Blame the korean phone makers such as Samsung, HTC, LG.. They have new products are very fast pace with the latest Android OS. While Android went through quite extensive users acceptance test, Windows OS has to be equally competitive.
Barbara! :) The company appears to be in denial about the likely impact of certain actions. When you dump your operating system and announce you will adopt a rival's but that new products won't be forthcoming for a year, you shouldn't expect customers to hang around. Nokia isn't down because it simply tripped. It is down because of steps taken so far to correct problems at the company. Like you said, the entire market is in turmoil but at least one company isn't complaining.
I don't like to kick a company when it is down, but blaming the competitive environmant (twice) and the macroeconomic environment (at least once) isn't going to garner any sympathy from analysts and shareholders. As Bolaji points out, Nokia was No. 1 in its market, and as such competition is the one thing you can be certain of. Nokia's competitors operate in the same competitive environment. Things are tough all over. Deal with it.
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.
Archived Dialogues
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.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
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.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
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.
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