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Showing posts from February, 2016

Change has no respect for legacy.

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CASE STUDY - Nokia Corporation Background Nokia corporation  is  a  Finnish   multinational   communications and  information technology company , founded in 1865, it employed 61,656 people across 120 countries, conducts sales in more than 150 countries. Nokia was a  public limited liability company  and is the oldest company listed under the same name on the  Helsinki Stock Exchange , beginning in 1915. Nokia has had a secondary listing on the  New York Stock Exchange  since 1994. When Jorma Ollila went to work for Nokia in 1985 the company manufactured a diverse line of products that included televisions, toilet paper, and rubber fishing boots; mobile telephones made up only a small portion of the business. After taking over as president and CEO in January 1992, Ollila extricated Nokia from debt and transformed the company into one of the world's leading manufacturers of  cellular telephones . His daring, unorthodox, innovative management not only