Nokia boss acknowledge mistakes stressing critics’ view that the company had no strategy despite its size.

Friday, 29 June 2012
Nokia's CEO Stephen Elop admitted on Thursday that the company failed to anticipate the rapidly changing mobile industry and that it is one of the reasons behind its decline.

“There were moments during the last one and a half years when we could have done things differently had we known that the industry would change so fast,” says Elop told the Finnish newspaper Aamulehti.

He joined pas calls from critics who had stressed that Nokia though big was not the market leaders when it comes to product and market evolution. Nokia lacked the real strategic insight and became contented given its size. It failed to use its power to lead the industry, just as google is doing today.
By Scancomark.se Team

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