Once a synonym for mobile phones, today NOKIA is struggling to get even 1% of the smartphone market share. Nokia, which was the big hit in the 2000s, gradually, rolled down to the bottom and eventually disappeared.
So how does a company that was so successful eventually failed? What led to Nokia`s failure?
Watch this video in which Dr. Vivek Bindra elaborates in detail, the reasons for the monumental fall of NOKIA, the Global Telecom Giant from Finland. He explains how the company`s failure to adapt to the sweeping changes in the telecom industry led to the complete collapse of a giant called NOKIA.
Nokia was once dominant over the cell phone market, nearing a 40% market share (compare that to today when the largest company has about 20% market share). Yet today, they're virtually nonexistent in the market. This video takes a look at the rise and fall of Nokia.
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